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REGISTERED NUMBER: 04027524 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Calibrus Limited

Calibrus Limited (Registered number: 04027524)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calibrus Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr S Kindersley
Mr J Ridgway
Mr D Mangu





SECRETARY: Mr S Kindersley





REGISTERED OFFICE: The Manor Barn
East Hatley
Sandy
Bedfordshire
SG19 3JA





REGISTERED NUMBER: 04027524 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Calibrus Limited (Registered number: 04027524)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,586 5,807
Investments 5 30,000 30,000
35,586 35,807

CURRENT ASSETS
Debtors 6 53,443 47,492
Cash at bank 157,629 179,669
211,072 227,161
CREDITORS
Amounts falling due within one year 7 225,336 228,106
NET CURRENT LIABILITIES (14,264 ) (945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,322

34,862

CREDITORS
Amounts falling due after more than one
year

8

8,333

28,003
NET ASSETS 12,989 6,859

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 12,986 6,856
SHAREHOLDERS' FUNDS 12,989 6,859

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Calibrus Limited (Registered number: 04027524)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr S Kindersley - Director


Calibrus Limited (Registered number: 04027524)

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

1. STATUTORY INFORMATION

Calibrus 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Calibrus 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, 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 financing 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
Basic financial liabilities, including creditors and loans 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.

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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Calibrus Limited (Registered number: 04027524)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 4,874 13,477 3,500 32,398 54,249
DEPRECIATION
At 1 August 2023 - 12,614 3,471 32,357 48,442
Charge for year - 173 7 41 221
At 31 July 2024 - 12,787 3,478 32,398 48,663
NET BOOK VALUE
At 31 July 2024 4,874 690 22 - 5,586
At 31 July 2023 4,874 863 29 41 5,807

Calibrus Limited (Registered number: 04027524)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 30,000
NET BOOK VALUE
At 31 July 2024 30,000
At 31 July 2023 30,000

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 38,832 31,302
Other debtors 6,745 6,745
Directors' loan accounts 6,317 8,068
Prepayments and accrued income 974 1,377
52,868 47,492

Amounts falling due after more than one year:
Amounts owed by group undertakings 575 -

Aggregate amounts 53,443 47,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,070 -
Tax 54,688 46,765
VAT 23,717 22,996
Income received in advance 112,148 130,720
Directors' loan accounts 19,086 14,954
Accrued expenses 4,627 2,671
225,336 228,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 8,333 18,333
Amounts owed to group undertakings - 9,670
8,333 28,003

Calibrus Limited (Registered number: 04027524)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bounce back loan 18,333 28,333

In the year ended 31 July 2020 the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 6 year repayment period. The loan is repayable by instalments beginning 9 June 2021. Interest is then charged at 2.5% per annum from the first repayment date.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
3 Ordinary 1 3 3

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr D Mangu
Balance outstanding at start of year 8,067 8,104
Amounts advanced 66,000 66,000
Amounts repaid (67,750 ) (66,037 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,317 8,067

The above was interest free, unsecured and repayable on demand.

12. RELATED PARTY DISCLOSURES

At the balance sheet date £575 was owed from Branch Insights Limited (a subsidiary company) to Calibrus and included in debtors over 1 year. There is no interest being charged on the loan. In 2023, there was an amount of £9,670 owed to Branch Insights Limited included in creditors over 1 year.