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REGISTERED NUMBER: 01321904 (England and Wales)










CALLAUTO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






CALLAUTO LIMITED (REGISTERED NUMBER: 01321904)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


CALLAUTO LIMITED (REGISTERED NUMBER: 01321904)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,467 109,939
Investments 5 111,755 94,901
Investment property 6 3,574,370 3,574,370
3,789,592 3,779,210

CURRENT ASSETS
Debtors 7 52,054 42,287
Cash at bank 529,203 556,632
581,257 598,919
CREDITORS
Amounts falling due within one year 8 209,586 263,827
NET CURRENT ASSETS 371,671 335,092
TOTAL ASSETS LESS CURRENT LIABILITIES 4,161,263 4,114,302

CAPITAL AND RESERVES
Called up share capital 9 20,040 20,040
Share premium 12,650 12,650
Capital redemption reserve 14,536 14,536
Non-distributable reserves 1,196,995 1,196,995
Retained earnings 2,917,042 2,870,081
SHAREHOLDERS' FUNDS 4,161,263 4,114,302

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

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

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 19th February 2025 and were signed on its behalf by:



Mr D Marsh - Director


CALLAUTO LIMITED (REGISTERED NUMBER: 01321904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Callauto Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01321904

Registered office: 3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies 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.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going
concern basis.

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided to write off the cost less the estimated residual of tangible fixed assets by equal instalments over their estimated useful lives as follows:

Freehold property - 2% per annum
Computer equipment, motor vehicles, plant and machinery- 33% reducing balance

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

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.


CALLAUTO LIMITED (REGISTERED NUMBER: 01321904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 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.

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.

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual
provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

CALLAUTO LIMITED (REGISTERED NUMBER: 01321904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st September 2023 167,783 19,710 47,585 235,078
Disposals - - (47,585 ) (47,585 )
At 31st August 2024 167,783 19,710 - 187,493
DEPRECIATION
At 1st September 2023 62,383 18,671 44,085 125,139
Charge for year 2,705 267 429 3,401
Eliminated on disposal - - (44,514 ) (44,514 )
At 31st August 2024 65,088 18,938 - 84,026
NET BOOK VALUE
At 31st August 2024 102,695 772 - 103,467
At 31st August 2023 105,400 1,039 3,500 109,939

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st September 2023 10,000 84,901 94,901
Additions - 2,112 2,112
Revaluations - 14,742 14,742
At 31st August 2024 10,000 101,755 111,755
NET BOOK VALUE
At 31st August 2024 10,000 101,755 111,755
At 31st August 2023 10,000 84,901 94,901

If listed investments were stated at historical cost they would have been included at £73,901 (2023: £71,789).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023
and 31st August 2024 3,574,370
NET BOOK VALUE
At 31st August 2024 3,574,370
At 31st August 2023 3,574,370

The directors consider the value of investment properties included in the accounts to fairly represent the open market value at the balance sheet date

The historic cost equivalent of investment properties included at fair value is £2,631,729 (2023: £2,631,729).

CALLAUTO LIMITED (REGISTERED NUMBER: 01321904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,538 17,527
Amounts owed by group undertakings 20,951 20,951
Other debtors 20,565 3,809
52,054 42,287

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,731 7,678
Taxation and social security 111,828 90,338
Other creditors 73,027 165,811
209,586 263,827

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
20,000 Ordinary £1 20,000 20,000
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
20,040 20,040