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REGISTERED NUMBER: 05587311 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Callabys Store Limited

Callabys Store Limited (Registered number: 05587311)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Callabys Store Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Callaby
Mrs V M Callaby





SECRETARY: J Callaby





REGISTERED OFFICE: 72 Hamilton Road
Alford
LN13 9AX





REGISTERED NUMBER: 05587311 (England and Wales)

Callabys Store Limited (Registered number: 05587311)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 350,320 371,292
350,320 371,292

CURRENT ASSETS
Stocks 75,000 105,000
Debtors 6 96,306 132,698
Cash at bank and in hand 73,008 55,268
244,314 292,966
CREDITORS
Amounts falling due within one year 7 286,701 303,489
NET CURRENT LIABILITIES (42,387 ) (10,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,933

360,769

CREDITORS
Amounts falling due after more than one
year

8

(161,829

)

(235,738

)

PROVISIONS FOR LIABILITIES (40,335 ) (33,858 )
NET ASSETS 105,769 91,173

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 60,750 60,750
Retained earnings 44,919 30,323
105,769 91,173

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

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

Callabys Store Limited (Registered number: 05587311)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





J Callaby - Director


Callabys Store Limited (Registered number: 05587311)

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

1. STATUTORY INFORMATION

Callabys Store 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on reducing balance and 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. They are valued on an average cost basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Callabys Store Limited (Registered number: 05587311)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 28,027
Disposals (28,027 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 28,027
Eliminated on disposal (28,027 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Callabys Store Limited (Registered number: 05587311)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 287,545 166,521 454,066
Additions - 1,155 1,155
At 31 March 2024 287,545 167,676 455,221
DEPRECIATION
At 1 April 2023 19,452 63,322 82,774
Charge for year 4,380 17,747 22,127
At 31 March 2024 23,832 81,069 104,901
NET BOOK VALUE
At 31 March 2024 263,713 86,607 350,320
At 31 March 2023 268,093 103,199 371,292

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 21,094
DEPRECIATION
Charge for year 5,274
At 31 March 2024 5,274
NET BOOK VALUE
At 31 March 2024 15,820
At 31 March 2023 21,094

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 96,306 132,698

Callabys Store Limited (Registered number: 05587311)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 122,589 38,636
Hire purchase contracts (see note 9) 3,665 4,108
Trade creditors 86,670 104,336
Taxation and social security 68,456 144,261
Other creditors 5,321 12,148
286,701 303,489

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 148,258 169,305
Hire purchase contracts (see note 9) 13,571 16,433
Other creditors - 50,000
161,829 235,738

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 3,665 4,108
Between one and five years 13,571 16,433
17,236 20,541

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire Purchase Contracts 17,236 20,541
Other loans 45,000 50,000
62,236 70,541

Amounts included within hire purchase and other loans are secured on the assets they relate to.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 60,750

Callabys Store Limited (Registered number: 05587311)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
J Callaby
Balance outstanding at start of year 106,047 67,247
Amounts advanced 8,454 79,800
Amounts repaid (47,352 ) (41,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,149 106,047

31.3.202431.3.2023
££
Maximum balance during the year106,047106,055
Interest charged at 2.25%1,959979


The above loan is unsecured, interest has been charged at the beneficial loan interest rate and the loan is repayable on demand.