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Company Registration No. 8189576 (England and Wales)
Calypso Kids Limited Unaudited accounts for the year ended 31 August 2024
Calypso Kids Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
617 
970 
Current assets
Inventories
225 
225 
Debtors
478 
478 
Cash at bank and in hand
6,568 
2,077 
7,271 
2,780 
Creditors: amounts falling due within one year
(3,531)
(2,772)
Net current assets
3,740 
8 
Total assets less current liabilities
4,357 
978 
Provisions for liabilities
Deferred tax
(117)
(184)
Net assets
4,240 
794 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
4,120 
674 
Shareholders' funds
4,240 
794 
For the year ending 31 August 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 March 2025 and were signed on its behalf by
Mrs E Roberts Director Company Registration No. 8189576
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Calypso Kids Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Calypso Kids Limited is a private company, limited by shares, registered in England and Wales, registration number 8189576. The registered office is 10 Simpson Road, Shipston-on-Stour, Warwickshire, CV364JT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Goodwill is amortised at rates calculated to write off the assets on a straight basis over the estimated useful economic life of 5 years. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Calypso Kids Limited Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
10,000 
At 31 August 2024
10,000 
Amortisation
At 1 September 2023
10,000 
At 31 August 2024
10,000 
Net book value
At 31 August 2024
- 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,058 
At 31 August 2024
1,058 
Depreciation
At 1 September 2023
88 
Charge for the year
353 
At 31 August 2024
441 
Net book value
At 31 August 2024
617 
At 31 August 2023
970 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
478 
478 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,367 
3,641 
Loans from directors
492 
(1,479)
Accruals
672 
610 
3,531 
2,772 
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Calypso Kids Limited Notes to the Accounts for the year ended 31 August 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
117 
184 
2024 
2023 
£ 
£ 
Provision at start of year
184 
- 
(Credited)/charged to the profit and loss account
(67)
184 
Provision at end of year
117 
184 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120 
120 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs E Roberts
Emma-Jane Roberts
1,479 
- 
- 
1,479 
1,479 
- 
- 
1,479 
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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