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REGISTERED NUMBER: 04688179 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CALDER GROUP (DEWSBURY) LIMITED

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Profit and loss account 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


CALDER GROUP (DEWSBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Gregory Quinton Bedford
Derek John Bedford
Carol Lesley Brown





REGISTERED OFFICE: Anchor House
Dewsbury Mills
Thornhill Road
Dewsbury
West Yorkshire
WF12 9QE





REGISTERED NUMBER: 04688179 (England and Wales)





AUDITORS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their strategic report of the company and the group for the year ended 30 June 2024.

REVIEW OF BUSINESS
We continued to supply specialist woollen carpet yarn spinning, hank dyeing and fibre dyeing services, the manufacture of Axminister carpet for the UK pub and hotel market and property lettings throughout the year.

Calder Group (Dewsbury) Limited, Calder Properties Limited and Calder Dyeing Limited have very little third party sales, the majority of the transactions in these companies are intercompany transactions and are therefore cancelled out in the consolidation process. The two main trading companies in the group are Calder Textiles Limited and Calderdale Carpets Limited.

In Calderdale Carpets Limited we continue to manufacture Axminister carpet predominantly for the hospitality market in the UK.
Sales for the first 6 months were sluggish due to the cost-of-living crisis and high interest rates. However, the second 6 months bounced back, overall ending the year 7.7% below 2023.
The company was pleased with the gross profit, and particularly the net profit before tax.
Energy costs remain high, but we invested in new energy efficient LED lighting throughout the factory and offices which has improved lighting and reduced the costs. Installing Solar Panels will also give us long-term benefits.

Calder Textiles we continue to supply specialist woollen carpet yarn, hank dyeing and fibre dyeing services.
Calder Textiles has seen an increase in turnover by 11%. Although gross profit was only slightly higher, net profit increased by 36%. All departments are busy, and we seek to maintain full capacity and overhead recovery in an efficient manner. Raw materials, the national minimum wage and consumable costs have all increased, so cost control and efficient purchasing and continuous quality and customer service are being constantly reviewed

The business receives strong demand for colouration of yarns and will target this as a growing part of the business.
With high energy and utility costs, investments have also been made in Solar Panels, heat recover and water management.


CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

FUTURE PROSPECTS
In Calderdale Carpets we have changed some working practices in production which is yielding better productivity, coupled with a reduction in yarn usage.
The business completed a large casino order in the US and are hopeful of further orders.
Although there are several challenges this year the order book is good, and the outlook remains positive.
Climate change and the push to zero emissions mean that we are constantly looking at ways to reduce waste and increase efficiencies. Customers are more decerning as they have more criteria which need to be met, which is challenging for a small company.
The political and economic landscape has changed dramatically this year with the new UK government coming to power, and the latest autumn budget. The increase in the minimum wage coupled with National Insurance will increase our costs dramatically and is making it difficult to compete with foreign carpet manufacturers.

In Calder Textiles package dyeing and effluent treatment are two major projects the company has invested in, which will come to fruition in 2025. This will further improve our efficiency and competitiveness, and position as a major supplier in yarn spinning and coloration

ON BEHALF OF THE BOARD:





Gregory Quinton Bedford - Director


27 March 2025

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 June 2024.

PRINCIPAL ACTIVITIES
The principal activities of the group in the year under review were those of yarn spinning, carpet manufacture and property lettings.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Gregory Quinton Bedford
Derek John Bedford
Carol Lesley Brown

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
The company's financial assets and liabilities consist of trade debtors and creditors, cash balances, bank loans and overdrafts, finance leases and hire purchase contracts.

The directors manage the company's exposure to financial risk by researching the credit worthiness of customers and by seeking advice from the company's providers of finance and its other external financial advisers.

Currency risk is restricted to the short term settlement of trading balances with customers and suppliers.

The company does not trade speculatively in derivatives or similar instruments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Walter Dawson & Son, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Gregory Quinton Bedford - Director


27 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CALDER GROUP (DEWSBURY) LIMITED

Opinion
We have audited the financial statements of Calder Group (Dewsbury) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Profit and loss account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CALDER GROUP (DEWSBURY) LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CALDER GROUP (DEWSBURY) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussion with directors and other management, and form our commercial knowledge and experience of the sector;
- we focussed on specific laws and regulations which considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and overide of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 and where indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CALDER GROUP (DEWSBURY) LIMITED

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




John Richard Hall (Senior Statutory Auditor)
for and on behalf of Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

27 March 2025

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

CONSOLIDATED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £    £    £   

TURNOVER 3 16,007,787 14,679,382

Cost of sales 11,534,133 10,820,888
GROSS PROFIT 4,473,654 3,858,494

Distribution costs 886,998 1,086,826
Administrative expenses 2,711,586 2,198,783
3,598,584 3,285,609
875,070 572,885

Other operating income - 28,509
Gain/loss on revaluation of assets - 407,000
OPERATING PROFIT 5 875,070 1,008,394


Interest payable and similar expenses 6 81,143 81,149
PROFIT BEFORE TAXATION 793,927 927,245

Tax on profit 7 186,445 237,482
PROFIT FOR THE FINANCIAL YEAR 607,482 689,763

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

607,482

689,763

Profit attributable to:
Owners of the parent 607,482 689,763

Total comprehensive income attributable to:
Owners of the parent 607,482 689,763

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

CONSOLIDATED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 7,167,761 7,024,588
Investments 11 - -
Investment property 12 3,221,825 2,325,116
10,389,586 9,349,704

CURRENT ASSETS
Stocks 13 2,186,159 2,024,584
Debtors 14 3,378,558 3,272,425
Cash at bank and in hand 8,881 29,823
5,573,598 5,326,832
CREDITORS
Amounts falling due within one year 15 3,475,130 2,767,377
NET CURRENT ASSETS 2,098,468 2,559,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,488,054

11,909,159

CREDITORS
Amounts falling due after more than
one year

16

(835,001

)

(1,050,033

)

PROVISIONS FOR LIABILITIES 20 (788,281 ) (601,836 )
NET ASSETS 10,864,772 10,257,290

CAPITAL AND RESERVES
Called up share capital 21 50,000 50,000
Revaluation reserve 1,293,738 1,293,738
Capital reserve 2,261,873 2,261,873
Profit and loss account 7,259,161 6,651,679
SHAREHOLDERS' FUNDS 10,864,772 10,257,290

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Gregory Quinton Bedford - Director


CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

COMPANY BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 - -
Investments 11 205,917 205,917
Investment property 12 - -
205,917 205,917

CREDITORS
Amounts falling due within one year 15 164,017 164,017
NET CURRENT LIABILITIES (164,017 ) (164,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,900

41,900

CAPITAL AND RESERVES
Called up share capital 21 50,000 50,000
Profit and loss account (8,100 ) (8,100 )
SHAREHOLDERS' FUNDS 41,900 41,900

Company's profit for the financial year - -

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Gregory Quinton Bedford - Director


CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up Profit
share and loss Revaluation Capital Total
capital account reserve reserve equity
£    £    £    £    £   
Balance at 1 July 2022 50,000 6,368,916 886,738 2,261,873 9,567,527

Changes in equity
Profit for the year - 689,763 - - 689,763
Other comprehensive income - (407,000 ) 407,000 - -
Total comprehensive income - 282,763 407,000 - 689,763
Balance at 30 June 2023 50,000 6,651,679 1,293,738 2,261,873 10,257,290

Changes in equity
Profit for the year - 607,482 - - 607,482
Total comprehensive income - 607,482 - - 607,482
Balance at 30 June 2024 50,000 7,259,161 1,293,738 2,261,873 10,864,772

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up Profit
share and loss Total
capital account equity
£    £    £   
Balance at 1 July 2022 50,000 (8,100 ) 41,900

Changes in equity
Profit for the year - - -
Balance at 30 June 2023 50,000 (8,100 ) 41,900

Changes in equity
Profit for the year - - -
Balance at 30 June 2024 50,000 (8,100 ) 41,900

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,212,884 645,782
Interest paid (81,143 ) (81,149 )
Tax paid 9,454 33,442
Net cash from operating activities 1,141,195 598,075

Cash flows from investing activities
Purchase of tangible fixed assets (773,493 ) (780,613 )
Purchase of investment property (896,709 ) (310,116 )
Sale of tangible fixed assets 793 7,558
Government grants - 16,284
Net cash from investing activities (1,669,409 ) (1,066,887 )

Cash flows from financing activities
Loan repayments in year - (585,767 )
Capital repayments in year (100,000 ) 408,333
Net cash from financing activities (100,000 ) (177,434 )

Decrease in cash and cash equivalents (628,214 ) (646,246 )
Cash and cash equivalents at
beginning of year

2

29,823

676,069

Cash and cash equivalents at end of
year

2

(598,391

)

29,823

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

1. RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit for the financial year 607,482 689,763
Depreciation charges 613,243 590,967
Profit on disposal of fixed assets - (3,150 )
Gain on revaluation of fixed assets - (407,000 )
Government grants - (16,284 )
Finance costs 81,143 81,149
Taxation 186,445 237,482
1,488,313 1,172,927
Increase in stocks (161,575 ) (185,319 )
Increase in trade and other debtors (106,133 ) (432,058 )
(Decrease)/increase in trade and other creditors (7,721 ) 90,232
Cash generated from operations 1,212,884 645,782

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 8,881 29,823
Bank overdrafts (607,272 ) -
(598,391 ) 29,823
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 29,823 676,069


CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank and in hand 29,823 (20,942 ) 8,881
Bank overdrafts - (607,272 ) (607,272 )
29,823 (628,214 ) (598,391 )
Debt
Finance leases (408,333 ) 100,000 (308,333 )
Debts falling due within 1 year (137,905 ) (11,836 ) (149,741 )
Debts falling due after 1 year (725,415 ) 98,747 (626,668 )
(1,271,653 ) 186,911 (1,084,742 )
Total (1,241,830 ) (441,303 ) (1,683,133 )

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Calder Group (Dewsbury) 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

BASIS OF CONSOLIDATION
The consolidated financial statements comprise the accounts of the parent company and all its subsidiaries for the year ended 30 June 2024.

The results of subsidiaries acquired or disposed of during the year are included from the effective date of acquisition or up to the effective date of disposal.

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.
Short leasehold - 12.5% on cost and 5% on cost or valuation
Long leasehold - 5% on cost
Plant and machinery - 12.5% on cost
Fixtures and fittings - 12.5% on cost
Motor vehicles - 25% on cost

The freehold property is included in the accounts at fair value, therefore in accordance with FRS 102 no depreciation has been charged as the estimated residual value is the same as the carrying value.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and loss account, 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.

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

SUBSIDIARIES
Investments in subsidiaries are shown in the accounts of the parent company at cost less any amounts written off for permanent diminution in value.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 7,302,953 6,169,514
Social security costs 52,559 452,941
Other pension costs 214,014 245,738
7,569,526 6,868,193

The average number of employees during the year was as follows:
2024 2023

Distribution and selling 6 6
Production 140 142
Administration 12 12
158 160

2024 2023
£    £   
Directors' remuneration 120,898 131,111
Directors' pension contributions to money purchase schemes 54,000 54,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 17,520 17,169
Depreciation - owned assets 629,527 590,965
Profit on disposal of fixed assets - (3,150 )
Auditors' remuneration 35,123 32,391
Foreign exchange differences (18,058 ) (32,213 )

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 63,596 43,015
Bank loan interest 17,547 38,134
81,143 81,149

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Deferred tax 186,445 237,482
Tax on profit 186,445 237,482

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 793,927 927,245
Profit multiplied by the standard rate of corporation tax in the UK
of 25 % (2023 - 19 %)

198,482

176,177

Effects of:
Capital allowances in excess of depreciation - (1,229 )
Depreciation in excess of capital allowances 135,753 -
Utilisation of tax losses (137,410 ) -
Depreciation on assets excluded from capital allowances - 1,049
movement on revaluation
Super deduction - (6,016 )
Fair Value gain on revaluation of property - (77,330 )
Change in corporation tax rate to 25% for deferred tax - 144,831
R & D enhanced deduction (10,380 ) -
Total tax charge 186,445 237,482

8. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Profit and Loss Account of the parent company is not presented as part of these financial statements.


9. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the group in an independently administered fund. The pension cost represents contributions paid by the group to the fund and amounted to £209,465 (2023 : £142,972). Contributions totalling £37,021 (2023 £2,238) were payable to the fund at the year end and are included in creditors.

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. TANGIBLE FIXED ASSETS

Group
Group Short Long
properties leasehold leasehold
£    £    £   
COST OR VALUATION
At 1 July 2023 3,615,000 225,759 30,274
Additions - 4,773 55,345
Disposals - - -
At 30 June 2024 3,615,000 230,532 85,619
DEPRECIATION
At 1 July 2023 - 195,337 17,797
Charge for year - 10,810 1,514
Eliminated on disposal - - -
At 30 June 2024 - 206,147 19,311
NET BOOK VALUE
At 30 June 2024 3,615,000 24,385 66,308
At 30 June 2023 3,615,000 30,422 12,477

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 14,045,535 342,451 118,631 18,377,650
Additions 672,931 13,113 27,331 773,493
Disposals (2,718 ) - - (2,718 )
At 30 June 2024 14,715,748 355,564 145,962 19,148,425
DEPRECIATION
At 1 July 2023 10,813,891 282,860 43,177 11,353,062
Charge for year 579,631 9,724 27,848 629,527
Eliminated on disposal (1,925 ) - - (1,925 )
At 30 June 2024 11,391,597 292,584 71,025 11,980,664
NET BOOK VALUE
At 30 June 2024 3,324,151 62,980 74,937 7,167,761
At 30 June 2023 3,231,644 59,591 75,454 7,024,588

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. TANGIBLE FIXED ASSETS - continued

Group

Cost or valuation at 30 June 2024 is represented by:

Group Short Long
properties leasehold leasehold
£    £    £   
Valuation in 2022 3,265,000 - -
Valuation in 2023 350,000 - -
Cost - 230,532 85,619
3,615,000 230,532 85,619

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Valuation in 2022 - - - 3,265,000
Valuation in 2023 - - - 350,000
Cost 14,715,748 355,564 145,962 15,533,425
14,715,748 355,564 145,962 19,148,425

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,985,199 2,985,199

Freehold property was valued on a fair value basis on 7 July 2021 by Eddisons .

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 205,917
NET BOOK VALUE
At 30 June 2024 205,917
At 30 June 2023 205,917

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

SUBSIDIARIES

Calder Properties Limited
Registered office: United Kingdom
Nature of business: Property owning and commercial letting
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 6,319,808 6,010,690
Profit for the year 309,118 630,613

Calder Textiles Limited
Registered office: United Kingdom
Nature of business: Yarn spinners
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 3,321,335 3,298,959
Profit for the year 22,376 2,768

Calder Dyeing Limited
Registered office: United Kingdom
Nature of business: Yarn dyers
%
Class of shares: holding
ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 521,427 422,171
Profit/(loss) for the year 99,256 (51,565 )

Calderdale Carpets Limited
Registered office: United Kingdom
Nature of business: Carpet design and manufacture
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,010,377 835,868
Profit for the year 174,509 107,720

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. FIXED ASSET INVESTMENTS - continued

Anchor Carpets
Registered office: United Kingdom
Nature of business: Non-trading company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (165,454 ) (165,454 )

Calder Carpets Limited
Registered office: United Kingdom
Nature of business: Yarn and carpet manufacture
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 8,474 (10,697 )
Profit for the year 2,223 228


12. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 July 2023 2,325,116
Additions 896,709
At 30 June 2024 3,221,825
NET BOOK VALUE
At 30 June 2024 3,221,825
At 30 June 2023 2,325,116

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 1,958,000
Valuation in 2023 310,116
Valuation in 2023 57,000
Valuation in 2024 896,709
3,221,825

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

13. STOCKS

Group
2024 2023
£    £   
Raw materials 994,922 822,959
Finished goods 1,191,237 1,201,625
2,186,159 2,024,584

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade debtors 3,117,932 2,809,017
Other debtors 11,517 6,624
VAT 134,084 103,284
Prepayments and accrued income 115,025 353,500
3,378,558 3,272,425

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 17) 757,013 137,905 - -
Hire purchase contracts (see note 18) 100,000 100,000 - -
Trade creditors 1,557,257 1,558,368 - -
Amounts owed to group undertakings - - 164,017 164,017
Tax 9,454 - - -
Social security and other taxes 136,175 114,432 - -
Other creditors 251,626 1,361 - -
Accruals and deferred income 647,321 839,027 - -
Deferred government grants 16,284 16,284 - -
3,475,130 2,767,377 164,017 164,017

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2024 2023
£    £   
Bank loans (see note 17) 626,668 725,415
Hire purchase contracts (see note 18) 208,333 308,333
Deferred government grants - 16,285
835,001 1,050,033

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

17. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 607,272 -
Bank loans 149,741 137,905
757,013 137,905
Amounts falling due between one and two years:
Bank loans - 1-2 years 149,741 137,905
Amounts falling due between two and five years:
Bank loans - 2-5 years 449,222 413,716
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 27,705 173,794

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 100,000 100,000
Between one and five years 208,333 308,333
308,333 408,333

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

19. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank overdraft 607,272 -
Bank loans 776,409 863,320
Hire purchase contracts 308,333 408,333
1,692,014 1,271,653

The bank loan is secured by a charge on the group investment properties.

The bank overdraft is secured by a cross guarantee between the group companies.

20. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 788,281 601,836

Group
Deferred
tax
£   
Balance at 1 July 2023 601,836
Provided during year 186,445
Balance at 30 June 2024 788,281

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
47,500 'A' Ordinary £1 47,500 47,500
2,500 'B' Ordinary £1 2,500 2,500
50,000 50,000

At 30th June 2024 23,750 £1 ordinary 'A' shares were held by The Malcolm Rawson 2007 Settlement Trust, 11 875 £1 ordinary 'A' shares by The Derek Bedford No. 1 Discretionary Settlement Trust and 11,875 £1 ordinary 'A' shares by The Rosalind Bedford 2005 Discretionary Trust.

The 'A' and 'B' ordinary shares rank pari passu except that the holders of the 'A' shares shall not be entitled by reason of their holding such shares, to receive notice of, attend, or vote at any general meeting of the company. In the event of winding up there is no distinction between the two classes of shares.

CALDER GROUP (DEWSBURY) LIMITED (REGISTERED NUMBER: 04688179)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

22. RELATED PARTY TRANSACTIONS

Throughout the year, Mr. Gregory Bedford, Mr. David Bedford, Mrs Carol Brown & Mrs Tracy Wadsworth each had control of 25% of the voting shares in the parent company, and together with their involvement in its day-to-day management, were deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.