Calibre Environmental Limited 03112201 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of the provision of air and water treatment services. Digita Accounts Production Advanced 6.30.9574.0 true true 03112201 2023-11-01 2024-10-31 03112201 2024-10-31 03112201 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 03112201 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 03112201 core:CurrentFinancialInstruments 2024-10-31 03112201 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 03112201 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 03112201 core:FurnitureFittingsToolsEquipment 2024-10-31 03112201 core:MotorVehicles 2024-10-31 03112201 core:OtherPropertyPlantEquipment 2024-10-31 03112201 bus:SmallEntities 2023-11-01 2024-10-31 03112201 bus:Audited 2023-11-01 2024-10-31 03112201 bus:FilletedAccounts 2023-11-01 2024-10-31 03112201 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03112201 bus:RegisteredOffice 2023-11-01 2024-10-31 03112201 bus:Director1 2023-11-01 2024-10-31 03112201 bus:Director2 2023-11-01 2024-10-31 03112201 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03112201 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 03112201 core:MotorVehicles 2023-11-01 2024-10-31 03112201 core:OfficeEquipment 2023-11-01 2024-10-31 03112201 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 03112201 core:PlantMachinery 2023-11-01 2024-10-31 03112201 countries:EnglandWales 2023-11-01 2024-10-31 03112201 2023-10-31 03112201 core:FurnitureFittingsToolsEquipment 2023-10-31 03112201 core:MotorVehicles 2023-10-31 03112201 core:OtherPropertyPlantEquipment 2023-10-31 03112201 2022-11-01 2023-10-31 03112201 2023-10-31 03112201 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 03112201 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 03112201 core:CurrentFinancialInstruments 2023-10-31 03112201 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 03112201 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 03112201 core:FurnitureFittingsToolsEquipment 2023-10-31 03112201 core:MotorVehicles 2023-10-31 03112201 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 03112201

Calibre Environmental Limited

Financial Statements

for the Year Ended 31 October 2024

Brebners
Chartered Accountants & Statutory Auditor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Calibre Environmental Limited

Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

169,079

89,166

Current assets

 

Debtors

7

276,949

247,657

Cash at bank and in hand

 

739,751

688,044

 

1,016,700

935,701

Creditors: Amounts falling due within one year

8

(314,856)

(295,011)

Net current assets

 

701,844

640,690

Total assets less current liabilities

 

870,923

729,856

Creditors: Amounts falling due after more than one year

8

(24,399)

(23,710)

Provisions for liabilities

(30,047)

(14,853)

Net assets

 

816,477

691,293

Capital and reserves

 

Called up share capital

700

700

Capital redemption reserve

300

300

Retained earnings

815,477

690,293

Shareholders' funds

 

816,477

691,293

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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Calibre Environmental Limited

Statement of Financial Position as at 31 October 2024

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

.........................................

M J Fletcher

Director

.........................................

R K Fletcher

Director

Company registration number: 03112201

 

Calibre Environmental Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
Jubilee Lodge
21 Jubilee Way
Chessington
Surrey
KT9 1TR

The principal activity of the company is that of the provision of air and water treatment services.

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 13 January 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 October 2024 and had net assets at that date of £816,477 including cash at bank amounting to £739,751.

The company continues to trade profitably subsequent to 31 October 2024 and the directors do not believe the current economic uncertainty or world conflicts will have a material effect on the company.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

 

Calibre Environmental Limited

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover arising from air and water treatment services is recognised upon the date at which the contractual obligation has been fulfilled.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge 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 statement of financial position 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Office equipment

between 25% and 33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Calibre Environmental Limited

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

Finance leases and hire purchase

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.

The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

4

Staff numbers

The average number of persons employed by the company during the year was 14 (2023 - 13).

5

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

51,201

31,746

 

Calibre Environmental Limited

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

6

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 November 2023

18,074

211,368

7,135

236,577

Additions

771

130,343

-

131,114

Disposals

-

(46,076)

-

(46,076)

At 31 October 2024

18,845

295,635

7,135

321,615

Depreciation

At 1 November 2023

17,425

122,851

7,135

147,411

Charge for the year

569

50,632

-

51,201

Eliminated on disposal

-

(46,076)

-

(46,076)

At 31 October 2024

17,994

127,407

7,135

152,536

Carrying amount

At 31 October 2024

851

168,228

-

169,079

At 31 October 2023

649

88,517

-

89,166

7

Debtors

2024
£

2023
£

Trade debtors

236,678

209,821

Other debtors

40,271

37,836

276,949

247,657

 

Calibre Environmental Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

9

63,452

35,618

Trade creditors

 

96,626

50,870

Taxation and social security

 

104,566

118,981

Other creditors

 

50,212

89,542

 

314,856

295,011

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

9

24,399

23,710

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Hire purchase obligations

63,452

35,618

2024
£

2023
£

Non-current loans and borrowings

Hire purchase obligations

24,399

23,710

Obligations under hire purchase contracts are secured on the assets involved.

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The amount of financial commitments not included in the statement of financial position is £Nil (2023 - £2,773).