Acorah Software Products - Accounts Production 16.1.300 false true false 6 February 2023 30 June 2024 30 June 2024 14641694 Mr Shaun Lee Mr David Martini Mr Steven Frost iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14641694 2023-02-05 14641694 2024-06-30 14641694 2023-02-06 2024-06-30 14641694 frs-core:CurrentFinancialInstruments 2024-06-30 14641694 frs-core:ComputerEquipment 2024-06-30 14641694 frs-core:ComputerEquipment 2023-02-06 2024-06-30 14641694 frs-core:ComputerEquipment 2023-02-05 14641694 frs-core:ShareCapital 2024-06-30 14641694 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14641694 frs-bus:PrivateLimitedCompanyLtd 2023-02-06 2024-06-30 14641694 frs-bus:FilletedAccounts 2023-02-06 2024-06-30 14641694 frs-bus:SmallEntities 2023-02-06 2024-06-30 14641694 frs-bus:AuditExempt-NoAccountantsReport 2023-02-06 2024-06-30 14641694 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-06 2024-06-30 14641694 frs-bus:Director1 2023-02-06 2024-06-30 14641694 frs-bus:Director2 2023-02-06 2024-06-30 14641694 frs-bus:Director3 2023-02-06 2024-06-30 14641694 frs-countries:EnglandWales 2023-02-06 2024-06-30
Registered number: 14641694
Callidus Wholesale Limited
Unaudited Financial Statements
For the Period 6 February 2023 to 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14641694
30 June 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 33,571
33,571
CURRENT ASSETS
Stocks 5 400,000
Debtors 6 808,312
Cash at bank and in hand 42,813
1,251,125
Creditors: Amounts Falling Due Within One Year 7 (1,278,420 )
NET CURRENT ASSETS (LIABILITIES) (27,295 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,276
NET ASSETS 6,276
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 6,176
SHAREHOLDERS' FUNDS 6,276
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For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Martini
Director
28 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Callidus Wholesale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14641694 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 8
8
4. Tangible Assets
Computer Equipment
£
Cost
As at 6 February 2023 -
Additions 41,964
As at 30 June 2024 41,964
Depreciation
As at 6 February 2023 -
Provided during the period 8,393
As at 30 June 2024 8,393
Net Book Value
As at 30 June 2024 33,571
As at 6 February 2023 -
5. Stocks
30 June 2024
£
Stock 400,000
6. Debtors
30 June 2024
£
Due within one year
Trade debtors 558,755
Amounts owed by group undertakings 137,054
Other debtors 112,503
808,312
7. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Trade creditors 943,334
Other creditors 329,510
Taxation and social security 5,576
1,278,420
8. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 100
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9. Related Party Transactions
During the year the company incurred sales and purchases totalling £1,942 and £299,011 respectfully to connected companies. The transactions are to be considered at market value.
At 30 June 2024, the company was owed £137,054 from connected companies. These amounts are interest free, payable on demand and are included in debtors due within one year.
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