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Registration number: SC194778

Callidus Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Callidus Services Limited

Company Information

Directors

Mr D Montgomery

Mrs H Montgomery

Company secretary

Mrs H Montgomery

Registered office

29 Gladstone Place
Aberdeen
AB10 6UX

Accountants

Carnegie Accountancy
Chartered Certified Accountant
24 Carnegie Crescent
Aberdeen
AB15 4AE

 

Callidus Services Limited

(Registration number: SC194778)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

45,225

54,601

Investment property

5

2,963,000

3,480,750

 

3,008,225

3,535,351

Current assets

 

Debtors

6

22,419

51,888

Cash at bank and in hand

 

375,287

183,532

 

397,706

235,420

Creditors: Amounts falling due within one year

7

(29,548)

(72,599)

Net current assets

 

368,158

162,821

Total assets less current liabilities

 

3,376,383

3,698,172

Creditors: Amounts falling due after more than one year

7

(614,966)

(615,012)

Provisions for liabilities

8

(3,803)

-

Net assets

 

2,757,614

3,083,160

Capital and reserves

 

Called up share capital

9

150

150

Revaluation reserve

-

7,937

Retained earnings

2,757,464

3,075,073

Shareholders' funds

 

2,757,614

3,083,160

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

 

Callidus Services Limited

(Registration number: SC194778)
Balance Sheet as at 31 March 2024

.........................................
Mr D Montgomery
Director

 

Callidus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Gladstone Place
Aberdeen
AB10 6UX

The principal place of business is:
29 Gladstone Place
Aberdeen
AB10 6UX

These financial statements were authorised for issue by the Board on 21 November 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental properties and the provision of property related services. Turnover is shown net of value added tax,

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Callidus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Reducing balance

Motor Vehicles

25% Reducing balance

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Callidus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

128,382

42,350

170,732

Additions

1,504

-

1,504

At 31 March 2024

129,886

42,350

172,236

Depreciation

At 1 April 2023

110,781

5,350

116,131

Charge for the year

3,880

7,000

10,880

At 31 March 2024

114,661

12,350

127,011

Carrying amount

At 31 March 2024

15,225

30,000

45,225

At 31 March 2023

17,601

37,000

54,601

5

Investment properties

2024
£

At 1 April

3,480,750

Disposals

(390,000)

Fair value adjustments

(127,750)

At 31 March

2,963,000

Investment properties comprises of both commercial and residential properties. The fair value of the investment properties have been arrived at on the basis of valuations carried out by the directors. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather than a fair value basis, the cost would have been £3,070,682.

6

Debtors

Current

2024
£

2023
£

Trade debtors

17,938

11,809

Other debtors

4,481

40,079

 

22,419

51,888

 

Callidus Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,557

14,834

Accruals and deferred income

20,991

57,765

29,548

72,599

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

614,966

615,012

8

Provisions for liabilities

2024
 £

2023
 £

Deferred tax liabilities

(3,803)

-

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

150

150

150

150

       

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Written off
£

At 31 March 2024
£

Mr D Montgomery

Interest bearing loan from director

(615,012)

46

(614,966)