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Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2024

for

Calibre Building Services Limited

Calibre Building Services Limited (Registered number: 07612610)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 7

Balance Sheet 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11


Calibre Building Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J Mabey
S M Welch





SECRETARIES: Mrs R E Mabey
Mrs E H Welch





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 07612610 (England and Wales)





AUDITORS: Williams & Co Epsom LLP
Statutory Auditors
8-10 South Street
Epsom
Surrey
KT18 7PF

Calibre Building Services Limited (Registered number: 07612610)

Strategic Report
for the Year Ended 31 March 2024


The directors present their strategic report for the year ended 31 March 2024.

The company is a mechanical and electrical maintenance service provider covering London and the South East.

REVIEW OF BUSINESS
During the year, the company continued to grow both its preventative planned maintenance and quoted works revenue streams, with a focus on maintaining gross profit margin and a quality service throughout.

The accounts show an increase in turnover to £19.4m (2022: £16.6m) with the company reporting pre tax profits of £529k (2022: £1.1m)

The company has seen an increase in turnover during the year, however as expected with up front mobilisation costs this has resulted in a fall in gross profit margin generated. Additionally, the company continues to experience increases in costs, mainly salaries as it increases its resource and builds on the current infrastructure in place to deliver

The company continues to improve its efficiencies and ability to deliver profitably on all contracts operated. As the number of jobs requiring specialist work increases and reliance on subcontractors increases, the fall in gross profit margin generated was to be expected.

The company monitors profitability on a site by site basis to ensure work carried out is correctly monitored and charged accordingly.


KEY PERFORMANCE INDICATORS


2024 2023

Sales £19.4m £16.6m

Gross profit margin 19.4% 21.4%

Net profit margin 2.7% 6.5%

PRINCIPAL RISKS AND UNCERTAINTIES
The main risks of which the company are aware of are:

- Loss of business

- Ensuring sufficient cashflow to meet creditor terms & maintain working capital

- Non compliance with health and safety rules and regulations

The company plans for the above by:

- Pitching for new work & liaising with existing clients over renewals, along with maintaining a high standard of service throughout the contract.

- Constant monitoring and managing of cashflow and company forecasts prepared and reviewed. Maintaining a suitable working capital balance in order to fulfil any creditor terms imposed

- Ensuring all necessary accreditations regarding health and safety are maintained, with staff given appropriate training and updates when necessary.

ON BEHALF OF THE BOARD:





S M Welch - Director


14 November 2024

Calibre Building Services Limited (Registered number: 07612610)

Report of the Directors
for the Year Ended 31 March 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of provision of building maintenance services.

DIVIDENDS
Interim dividends per share were paid as follows:
Ordinary £1 shares £1,200 - 31 March 2024
Ordinary B 1p shares £42.95 - 31 March 2024


The directors recommend that no final dividends be paid.

The total distribution of dividends for the year ended 31 March 2024 will be £ 589,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

M J Mabey
S M Welch

DISCLOSURE IN THE STRATEGIC REPORT
A review of the business, principal risks and uncertainties, and future developments has been given in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Calibre Building Services Limited (Registered number: 07612610)

Report of the Directors
for the Year Ended 31 March 2024


AUDITORS
The auditors, Williams & Co Epsom LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




S M Welch - Director


14 November 2024

Report of the Independent Auditors to the Members of
Calibre Building Services Limited


Opinion
We have audited the financial statements of Calibre Building Services Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Calibre Building Services Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our assessment of the financial statements susceptibility to material misstatement, including how fraud may occur, highlighted going concern, control of payments and reporting of income too soon based on advanced billing.

Our tests were designed to assess the going concern of the business including likely cashflows and contracts held with clients. We reviewed cashflow forecasts and other relevant supporting documentation.

Payments made by the company were tested back to supporting documentation, along with systems testing for authorisations and approvals.

We reviewed contracts held with clients and assessed the income declared to ensure compliance with accounting policies and contract terms.

Enquires of management were undertaken to gain an understanding of the laws and regulations that affect the
company.

The company is subject to laws and regulations that directly affect the financial statements, including company law and financial reporting standards. As part of our audit procedures we have assessed compliance with these laws and regulations.

The company is also subject to other laws and regulations where non-compliance could have a material impact on the financial statements. These include health and safety regulations and employment law. Our procedures in these areas included enquiries of management and inspection of relevant documentation.

As with any audit there is a higher risk of non-detection of fraud, as these events may involve collusion, forgery, override of controls and misrepresentation. Our audit procedures are designed to detect material misstatement and as such we cannot be expected to detect all non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Williams FCA (Senior Statutory Auditor)
for and on behalf of Williams & Co Epsom LLP
Statutory Auditors
8-10 South Street
Epsom
Surrey
KT18 7PF

14 November 2024

Calibre Building Services Limited (Registered number: 07612610)

Statement of Income and
Retained Earnings
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 19,419,722 16,619,787

Cost of sales (15,642,680 ) (13,059,319 )
GROSS PROFIT 3,777,042 3,560,468

Administrative expenses (3,243,216 ) (2,467,798 )
OPERATING PROFIT 4 533,826 1,092,670

Interest receivable and similar income 8,558 1,958
542,384 1,094,628

Interest payable and similar expenses 5 (15,038 ) (11,100 )
PROFIT BEFORE TAXATION 527,346 1,083,528

Tax on profit 6 (149,018 ) (221,117 )
PROFIT FOR THE FINANCIAL YEAR 378,328 862,411

Retained earnings at beginning of year 1,213,859 1,335,448

Dividends 7 (589,000 ) (984,000 )

RETAINED EARNINGS AT END OF YEAR 1,003,187 1,213,859

Calibre Building Services Limited (Registered number: 07612610)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 393,329 204,655

CURRENT ASSETS
Stocks 9 106,752 45,296
Debtors 10 4,280,169 3,549,204
Cash at bank and in hand 1,841,487 1,328,024
6,228,408 4,922,524
CREDITORS
Amounts falling due within one year 11 5,380,869 3,797,851
NET CURRENT ASSETS 847,539 1,124,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,240,868

1,329,328

CREDITORS
Amounts falling due after more than one
year

12

(139,140

)

(65,252

)

PROVISIONS FOR LIABILITIES 15 (98,332 ) (50,008 )
NET ASSETS 1,003,396 1,214,068

CAPITAL AND RESERVES
Called up share capital 16 209 209
Retained earnings 1,003,187 1,213,859
SHAREHOLDERS' FUNDS 1,003,396 1,214,068

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




S M Welch - Director



M J Mabey - Director


Calibre Building Services Limited (Registered number: 07612610)

Cash Flow Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,608,092 799,832
Interest element of hire purchase payments
paid

(15,038

)

(11,100

)
Tax paid (195,957 ) (240,097 )
Net cash from operating activities 1,397,097 548,635

Cash flows from investing activities
Purchase of tangible fixed assets (306,662 ) (158,278 )
Sale of tangible fixed assets 12,304 19,846
Interest received 8,558 1,958
Net cash from investing activities (285,800 ) (136,474 )

Cash flows from financing activities
New loans in year (155,391 ) 120,000
Capital repayments in year 146,112 44,847
Amount withdrawn by directors 445 159
Equity dividends paid (589,000 ) (984,000 )
Net cash from financing activities (597,834 ) (818,994 )

Increase/(decrease) in cash and cash equivalents 513,463 (406,833 )
Cash and cash equivalents at beginning
of year

2

1,328,024

1,734,857

Cash and cash equivalents at end of year 2 1,841,487 1,328,024

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 527,346 1,083,528
Depreciation charges 117,987 73,068
Profit on disposal of fixed assets (12,304 ) (2,452 )
Finance costs 15,038 11,100
Finance income (8,558 ) (1,958 )
639,509 1,163,286
Increase in stocks (61,456 ) (18,851 )
Increase in trade and other debtors (575,573 ) (784,477 )
Increase in trade and other creditors 1,605,612 439,874
Cash generated from operations 1,608,092 799,832

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 1,841,487 1,328,024
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 1,328,024 1,734,857


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank and in hand 1,328,024 513,463 1,841,487
1,328,024 513,463 1,841,487
Debt
Finance leases (126,557 ) (146,112 ) (272,669 )
(126,557 ) (146,112 ) (272,669 )
Total 1,201,467 367,351 1,568,818

Calibre Building Services Limited (Registered number: 07612610)

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


1. STATUTORY INFORMATION

Calibre Building Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors believe that this is the appropriate basis to do so.

Significant judgements and estimates
The preparation of the financial statements requires management to make estimates and judgements when
reporting assets and liabilities at the balance sheet date, and also for turnover and expenditure throughout the period.

Estimates and assumptions are evaluated on a continual basis and are based on historical information and other factors, such as expectations of future events.

The key estimates and judgements that have a material impact on the financial performance and position of the company are as follows:

(i) Depreciation

The level of depreciation charged against assets is reviewed by the directors based on their future expected value and likelihood of recoverability should they be disposed of at the end of their useful life.

Turnover
Turnover represents amounts receivable under maintenance contracts along with maintenance works performed outside of said contracts. All amounts are excluding value added tax, and income is recognised during the period in which the contract covers or works carried out and completed.

Turnover comprises of services solely provided throughout the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial instruments, including trade and other debtors, cash and bank balances are initially recognised at the transaction price.

At the end of each reporting period financial assets are reviewed for evidence of impairment, with any impairment losses recognised in profit or loss.

Financial liabilities

Basic financial liabilities, including trade and other creditors, and loans are initially recognised at the transaction price and for those not classed as financing transactions, are subsequently measured at amortised cost, being the transaction price less any amounts settled.

Trade creditors are classified as current liabilities where they are due within one year. If they are not, they are
classified as non-current liabilities.

Where an arrangement constitutes a financing arrangement, the creditor is initially measured at the present
value of future payments discounted at a market rate of interest for a similar instrument, and subsequently
measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 5,366,808 4,257,600
Social security costs 557,559 462,828
Other pension costs 119,327 108,400
6,043,694 4,828,828

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Contract Managers 19 16
Administration 21 20
Engineers 77 62
119 100

2024 2023
£    £   
Directors' remuneration 24,000 24,000

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 34,622 22,809
Depreciation - assets on hire purchase contracts 83,366 51,086
Profit on disposal of fixed assets (12,304 ) (2,452 )
Auditors' remuneration 11,780 9,975
Auditors' remuneration for non audit work 27,970 21,299

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Hire purchase 15,038 11,100

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 100,694 195,957

Deferred tax 48,324 25,160
Tax on profit 149,018 221,117

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 527,346 1,083,528
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

131,837

205,870

Effects of:
Expenses not deductible for tax purposes 16,025 5,554
Income not taxable for tax purposes - (466 )
Capital allowances in excess of depreciation (47,168 ) (15,001 )
Deferred tax 48,324 25,160
Total tax charge 149,018 221,117

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 120,000 120,000
Ordinary B shares of 1p each
Interim 469,000 864,000
589,000 984,000

8. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 458,775 126,858 585,633
Additions 268,121 38,541 306,662
Disposals (56,020 ) - (56,020 )
At 31 March 2024 670,876 165,399 836,275
DEPRECIATION
At 1 April 2023 278,608 102,370 380,978
Charge for year 99,003 18,985 117,988
Eliminated on disposal (56,020 ) - (56,020 )
At 31 March 2024 321,591 121,355 442,946
NET BOOK VALUE
At 31 March 2024 349,285 44,044 393,329
At 31 March 2023 180,167 24,488 204,655

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 216,238
Additions 266,771
At 31 March 2024 483,009
DEPRECIATION
At 1 April 2023 153,812
Charge for year 83,366
At 31 March 2024 237,178
NET BOOK VALUE
At 31 March 2024 245,831
At 31 March 2023 62,426

9. STOCKS
2024 2023
£    £   
Work-in-progress 106,752 45,296

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,452,245 3,138,219
Amounts owed by group undertakings 273,019 117,628
Other debtors 15,500 10,500
Accrued income 130,260 49,118
Prepayments 409,145 233,739
4,280,169 3,549,204

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 13) 133,529 61,305
Trade creditors 3,099,648 1,995,895
Tax 100,694 195,957
Social security and other taxes 171,011 127,292
VAT 591,027 489,778
Directors' current accounts 1,491 1,046
Accruals 395,940 371,418
Deferred income 887,529 555,160
5,380,869 3,797,851

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 13) 139,140 65,252

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


13. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 133,529 61,305
Between one and five years 139,140 65,252
272,669 126,557


14. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 272,669 126,557

The company's bank overdraft facility is secured by way of a debenture & fixed and floating charge over company assets.

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 98,332 50,008

Deferred
tax
£   
Balance at 1 April 2023 50,008
Charge to Income Statement during year 48,324
Balance at 31 March 2024 98,332

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
10,920 Ordinary B 1p 109 109
209 209

17. CAPITAL COMMITMENTS

The company has entered into hire purchase agreements commencing after the year end date totalling £98,847.

18. RELATED PARTY DISCLOSURES

Calibre Redhill Limited
A company controlled by M J Mabey and S M Welch.

At the balance sheet date £273,019 (£117,628 in 2023) was due from Calibre Redhill Limited. This balance is interest free and repayable on demand.

Calibre Building Services Limited (Registered number: 07612610)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


19. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.