Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01falseNo description of principal activity1618falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00570619 2023-09-01 2024-08-31 00570619 2022-09-01 2023-08-31 00570619 2024-08-31 00570619 2023-08-31 00570619 c:Director1 2023-09-01 2024-08-31 00570619 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 00570619 d:Buildings d:LongLeaseholdAssets 2024-08-31 00570619 d:Buildings d:LongLeaseholdAssets 2023-08-31 00570619 d:PlantMachinery 2023-09-01 2024-08-31 00570619 d:PlantMachinery 2024-08-31 00570619 d:PlantMachinery 2023-08-31 00570619 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00570619 d:MotorVehicles 2023-09-01 2024-08-31 00570619 d:MotorVehicles 2024-08-31 00570619 d:MotorVehicles 2023-08-31 00570619 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00570619 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00570619 d:CurrentFinancialInstruments 2024-08-31 00570619 d:CurrentFinancialInstruments 2023-08-31 00570619 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 00570619 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00570619 d:ShareCapital 2024-08-31 00570619 d:ShareCapital 2023-08-31 00570619 d:RevaluationReserve 2024-08-31 00570619 d:RevaluationReserve 2023-08-31 00570619 d:RetainedEarningsAccumulatedLosses 2024-08-31 00570619 d:RetainedEarningsAccumulatedLosses 2023-08-31 00570619 c:FRS102 2023-09-01 2024-08-31 00570619 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 00570619 c:FullAccounts 2023-09-01 2024-08-31 00570619 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 00570619 2 2023-09-01 2024-08-31 00570619 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 00570619










CALIGRAVING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
CALIGRAVING LIMITED
REGISTERED NUMBER: 00570619

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
428,688
461,171

  
428,688
461,171

Current assets
  

Stocks
  
235,118
244,905

Debtors: amounts falling due within one year
 5 
574,773
584,600

Cash at bank and in hand
  
453,618
439,395

  
1,263,509
1,268,900

Creditors: amounts falling due within one year
 6 
(350,384)
(427,995)

Net current assets
  
 
 
913,125
 
 
840,905

Total assets less current liabilities
  
1,341,813
1,302,076

Provisions for liabilities
  

Deferred tax
  
(101,060)
(107,357)

  
 
 
(101,060)
 
 
(107,357)

Net assets
  
1,240,753
1,194,719


Capital and reserves
  

Called up share capital 
  
7,500
7,500

Revaluation reserve
  
41,767
60,740

Profit and loss account
  
1,191,486
1,126,479

  
1,240,753
1,194,719


Page 1

 
CALIGRAVING LIMITED
REGISTERED NUMBER: 00570619
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




O W Makings
Director

Date: 10 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Caligraving Limited is a private company limited by shares and incorporated in England and Wales, registration number 00570619. The registered office is 47 Brunel Way, Thetford, Norfolk, IP24 1HP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting polices applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
10% straight-line
Plant and machinery
-
10 to 20% straight-line
Motor vehicles
-
25% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 18).

Page 6

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 September 2023
67,502
4,118,540
69,624
4,255,666


Additions
-
125,050
-
125,050


Disposals
-
(288,915)
-
(288,915)



At 31 August 2024

67,502
3,954,675
69,624
4,091,801



Depreciation


At 1 September 2023
66,540
3,678,935
49,020
3,794,495


Charge for the year on owned assets
448
151,710
5,375
157,533


Disposals
-
(288,915)
-
(288,915)



At 31 August 2024

66,988
3,541,730
54,395
3,663,113



Net book value



At 31 August 2024
514
412,945
15,229
428,688



At 31 August 2023
962
439,605
20,604
461,171

Page 7

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
508,340
505,757

Amounts owed by group undertakings
-
5,868

Other debtors
6,929
16,951

Prepayments and accrued income
59,504
56,024

574,773
584,600



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
153,158
131,556

Amounts owed to group undertakings
13,885
-

Corporation tax
29,044
97,185

Other taxation and social security
22,291
22,619

Obligations under finance lease and hire purchase contracts
-
17,904

Other creditors
6,742
3,730

Accruals and deferred income
125,264
155,001

350,384
427,995



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £54,511 (2023 £80,429). Contributions totalling £3,001 (2023: £1,675) were payable to the fund at the reporting date and are included in creditors.


8.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

Page 8

 
CALIGRAVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Revaluation reserve

The revaluation reserve includes all revaluations where the fair value of an asset exceeded its original cost on transition to FRS 102.


2024
2023
£
£



Revaluation reserve b/fwd
60,740
113,587

Transfer to profit and loss
(18,973)
(52,847)

Revaluation reserve c/fwd
41,767
60,740

 
Page 9