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REGISTERED NUMBER: SC222359 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Calash Limited

Calash Limited (Registered number: SC222359)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calash Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Evett
I D Gallow





REGISTERED OFFICE: 13 Golden Square
Aberdeen
Aberdeenshire
AB10 1RH





REGISTERED NUMBER: SC222359 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Calash Limited (Registered number: SC222359)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,905 3,474
Investments 6 160 160
3,065 3,634

CURRENT ASSETS
Debtors 7 634,681 687,818
Cash at bank 63,529 263,324
698,210 951,142
CREDITORS
Amounts falling due within one year 8 193,903 357,213
NET CURRENT ASSETS 504,307 593,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,372

597,563

CREDITORS
Amounts falling due after more than one
year

9

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (747 ) (747 )
NET ASSETS 494,125 574,316

CAPITAL AND RESERVES
Called up share capital 10,810 10,810
Share premium 12 56,141 56,141
Retained earnings 12 427,174 507,365
494,125 574,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Calash Limited (Registered number: SC222359)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





A J Evett - Director


Calash Limited (Registered number: SC222359)

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

1. STATUTORY INFORMATION

Calash Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Calash Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying mount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Revenue from contracts is recognised by reference to the stage of completion of the contract activity at the balance sheet date. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less residual value, of each asset on a straight-line or reducing balance basis over its expected useful life as follows:

Fixtures & Fittings, Computer Equipment are depreciated evenly over their estimated useful life of 3 years.

Impairment of assets
Assets other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Calash Limited (Registered number: SC222359)

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

3. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at costs less any accumulated impairment losses. The investments are assessed for impairments at each reporting date and any impairments losses or reversals are recognised immediately in the profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activates.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include debtors cash in hand, deposits held at call with banks, other short-term liquid investments with maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity Instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

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.


Calash Limited (Registered number: SC222359)

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

3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
Post year end, the company has had a challenging start to the first part of the year but the directors are optimistic that the second part will deliver more profitable results.

In making their going concern assessment, the directors have revised trading and cashflow forecasts for the company and wider group through to 31 March 2025, and are satisfied that the company will have adequate resources to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of these financial statements.

On this basis, the directors have prepared the financial statements on the going concern basis.

Provisions
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable the the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if ti is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

Calash Limited (Registered number: SC222359)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 65,429 604 18,223 84,256
Additions - - 2,369 2,369
At 31 March 2024 65,429 604 20,592 86,625
DEPRECIATION
At 1 April 2023 65,429 604 14,749 80,782
Charge for year - - 2,938 2,938
At 31 March 2024 65,429 604 17,687 83,720
NET BOOK VALUE
At 31 March 2024 - - 2,905 2,905
At 31 March 2023 - - 3,474 3,474

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 160
NET BOOK VALUE
At 31 March 2024 160
At 31 March 2023 160

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Candour Energy Limited
Registered office: United Kingdom
Nature of business: Data Analysis
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (295,129 ) (241,281 )
Loss for the year (53,848 ) (61,763 )

Calash Limited (Registered number: SC222359)

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

6. FIXED ASSET INVESTMENTS - continued

Environmental Processes Limited
Registered office: United Kingdom
Nature of business: Water Waste Treatment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (53,793 ) (71,314 )
Profit for the year 17,521 6,014

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 108,400 275,050
Amounts owed by group undertakings 95,075 358,420
Amounts recoverable on contract 120,375 50,000
Other debtors 50 50
Prepayments and accrued income 18,457 4,298
342,357 687,818

Amounts falling due after more than one year:
Amounts owed by group undertakings 292,324 -

Aggregate amounts 634,681 687,818

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Other loans (see note 10) 47,038 -
Trade creditors 22,595 4,354
Tax - 2,151
Social security and other taxes 22,258 90,629
Credit Card account 761 8,524
Pension Fund Loan - 74,956
AMEX Credit card 7,274 1,556
Other creditors 45,000 95,000
Directors' current accounts 22,450 23,114
Accruals and deferred income 16,527 46,929
193,903 357,213

Other creditors relates to an amount of £45,000 (2023 £95,000), due to a former director of the company.

The pension fund loan of £74,956 in 2023 was due to a related party and has now been repaid n full.

Calash Limited (Registered number: SC222359)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 12,500 22,500

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other loans 47,038 -
57,038 10,000

Amounts falling due between one and two years:
Bank loans - more than 1 year 12,500 22,500

The company received a government backed bounce back loan under support measures for businesses impacted by Covid-19. The term is 5 years. Interest is at 2.5% from year two, the first year is interest free. The balance on the outstanding loan is £22,500 and is secured over the assets of the Company.

The amount of £47,038 is due to a related party which is repayable on demand. No interest is charged on this amount.

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 37,000 37,000
Between one and five years 111,000 148,000
148,000 185,000

In addition, an amount of £3,083 is included in accruals for the unpaid rent due on the above operating lease agreement.

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 507,365 56,141 563,506
Deficit for the year (80,191 ) (80,191 )
At 31 March 2024 427,174 56,141 483,315

Calash Limited (Registered number: SC222359)

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

13. RELATED PARTY DISCLOSURES

At 31 March 2024 the amount owed to the director Mr Evett was £22,450, (2023 - £23,114).

Included in other creditors is an amount of £47,038 due to BAJ Investments Ltd, a related party. the full amount is repayable on demand.

The rent accrual of £3,083 mentioned in note 12, is due to the Pension Scheme, a related party.