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REGISTERED NUMBER: 01803068 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CALDER TEXTILES LIMITED

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Profit and Loss Account 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 16


CALDER TEXTILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Gregory Quinton Bedford
Derek John Bedford
David Kevin Bedford
Carol Lesley Brown
Mark Mawson
Tracy Jane Wadsworth
Timothy Booth





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





REGISTERED NUMBER: 01803068 (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 TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their strategic report for the year ended 30 June 2024.

PRINCIPLE ACTIVITIES AND BUSINESS REVIEW
The principal activity is to supply specialist woollen carpet yarn, hank dyeing and fibre dyeing services.
The business 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.

PRINCIPLE RISKS AND UNCERTAINTIES
Floor coverings are luxury items, consumer confidence and a buoyant economy are essential ingredients. The economic outlook is unfortunately looking less certain. Selling into UK, European and USA markets will spread the potential risks of a downturn.

STRATEGY
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.

PERFORMANCE ANALYSIS
2024 2023
£ £
Turnover 13,053,273 11,696,349
Gross Profit 2,080,590 2,072,898
Net Profit before tax 201,442 147,610

FUTURE PROSPECTS
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 TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

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

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of yarn spinners.

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
David Kevin Bedford
Carol Lesley Brown
Mark Mawson
Tracy Jane Wadsworth
Timothy Booth

DIRECTORS INTERESTS
The directors holding office at 30th June 2024 did not hold any beneficial interest in the issued share capital of the company at 1st July 2023 (or date of appointment if later) or 30th June 2024..

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 company'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 company's auditors are aware of that information.

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


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 TEXTILES LIMITED

Opinion
We have audited the financial statements of Calder Textiles Limited (the 'company') for the year ended 30 June 2024 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 June 2024 and of its 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 company 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 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 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 TEXTILES 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or
- the 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 three, 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 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 company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CALDER TEXTILES 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 discussions 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 TEXTILES 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 FCA (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 TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £    £    £   

TURNOVER 3 13,053,273 11,696,349

Cost of sales 10,972,683 9,623,451
GROSS PROFIT 2,080,590 2,072,898

Distribution costs 727,039 930,887
Administrative expenses 1,102,961 954,963
1,830,000 1,885,850
250,590 187,048

Other operating income - 12,225
OPERATING PROFIT 5 250,590 199,273


Interest payable and similar expenses 6 49,148 51,663
PROFIT BEFORE TAXATION 201,442 147,610

Tax on profit 7 179,066 144,842
PROFIT FOR THE FINANCIAL YEAR 22,376 2,768

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 22,376 2,768


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

22,376

2,768

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 2,201,870 2,089,516

CURRENT ASSETS
Stocks 9 1,151,446 1,244,061
Debtors 10 3,490,268 3,110,201
Cash in hand 994 24
4,642,708 4,354,286
CREDITORS
Amounts falling due within one year 11 2,849,271 2,549,937
NET CURRENT ASSETS 1,793,437 1,804,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,995,307

3,893,865

CREDITORS
Amounts falling due after more than
one year

12

(208,333

)

(308,333

)

PROVISIONS FOR LIABILITIES 16 (465,639 ) (286,573 )
NET ASSETS 3,321,335 3,298,959

CAPITAL AND RESERVES
Called up share capital 17 112,000 112,000
Profit and loss account 3,209,335 3,186,959
SHAREHOLDERS' FUNDS 3,321,335 3,298,959

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



Carol Lesley Brown - Director


CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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 112,000 3,184,191 3,296,191

Changes in equity
Profit for the year - 2,768 2,768
Total comprehensive income - 2,768 2,768
Balance at 30 June 2023 112,000 3,186,959 3,298,959

Changes in equity
Profit for the year - 22,376 22,376
Total comprehensive income - 22,376 22,376
Balance at 30 June 2024 112,000 3,209,335 3,321,335

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 325,861 (237,808 )
Interest paid (49,148 ) (51,663 )
Tax paid 9,454 -
Net cash from operating activities 286,167 (289,471 )

Cash flows from investing activities
Purchase of tangible fixed assets (443,183 ) (452,869 )
Sale of tangible fixed assets 793 3,150
Transfer of tangible fixed assets - 365,886
Net cash from investing activities (442,390 ) (83,833 )

Cash flows from financing activities
Loan repayments in year - (500,000 )
Capital repayments in year (100,000 ) 408,333
Repayment of group loans in the year - (103,425 )
Net cash from financing activities (100,000 ) (195,092 )

Decrease in cash and cash equivalents (256,223 ) (568,396 )
Cash and cash equivalents at
beginning of year

2

(158,616

)

409,780

Cash and cash equivalents at end of
year

2

(414,839

)

(158,616

)

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 201,442 147,610
Depreciation charges 330,035 323,324
Profit on disposal of fixed assets - (3,150 )
Finance costs 49,148 51,663
580,625 519,447
Decrease/(increase) in stocks 92,615 (80,301 )
Increase in trade and other debtors (380,066 ) (572,752 )
Increase/(decrease) in trade and other creditors 32,687 (104,202 )
Cash generated from operations 325,861 (237,808 )

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 994 24
Bank overdrafts (415,833 ) (158,640 )
(414,839 ) (158,616 )
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 24 409,780
Bank overdrafts (158,640 ) -
(158,616 ) 409,780


CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

NOTES TO THE 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 24 970 994
Bank overdrafts (158,640 ) (257,193 ) (415,833 )
(158,616 ) (256,223 ) (414,839 )
Debt
Finance leases (408,333 ) 100,000 (308,333 )
(408,333 ) 100,000 (308,333 )
Total (566,949 ) (156,223 ) (723,172 )

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

1. STATUTORY INFORMATION

Calder Textiles 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 5% on cost or valuation
Plant and machinery - 12.5% on cost
Motor vehicles - 25% on cost

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 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.

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.

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

2. ACCOUNTING POLICIES - continued

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
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.

HIRE PURCHASE AND LEASING
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.

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

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,124,431 3,603,958
Social security costs 35,800 32,274
Other pension costs 181,572 232,013
4,341,803 3,868,245

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

4. EMPLOYEES AND DIRECTORS - continued

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

Distribution and selling 2 2
Production 118 115
Administration 8 8
128 125

2024 2023
£    £   
Directors' remuneration 267,684 274,028
Directors' pension contributions to money purchase schemes 88,000 109,000

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

Money purchase schemes 3 5

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 59,072 61,649

5. OPERATING PROFIT

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

2024 2023
£    £   
Hire of plant and machinery 14,413 12,129
Depreciation - owned assets 330,036 323,322
Profit on disposal of fixed assets - (3,150 )
Auditors' remuneration 15,602 14,178
Foreign exchange differences (17,724 ) (32,213 )
Operating leases 179,295 170,846

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 31,601 13,529
Bank loan interest 17,547 38,134
49,148 51,663

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

NOTES TO THE 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 179,066 144,842
Tax on profit 179,066 144,842

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

2024 2023
£    £   
Profit before tax 201,442 147,610
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2023 - 19%)

50,361

28,046

Effects of:
Capital allowances in excess of depreciation (39,982 ) -
Utilisation of tax losses (358 ) -
Depreciation on assets excluded from capital allowances 360 274
Research and Development Tax Credit (10,381 ) -
Group loss relief 179,066 47,745
Tax rate adjustment to deferred tax - 19% to 25%% - 68,777
Total tax charge 179,066 144,842

As at 30 June 2024 there were carried forward trading losses of £72,412 (2023: £619,467)

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

8. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 215,802 9,812,286 86,239 10,114,327
Additions 4,773 438,410 - 443,183
Disposals - (2,718 ) - (2,718 )
At 30 June 2024 220,575 10,247,978 86,239 10,554,792
DEPRECIATION
At 1 July 2023 185,380 7,797,833 41,598 8,024,811
Charge for year 10,810 304,303 14,923 330,036
Eliminated on disposal - (1,925 ) - (1,925 )
At 30 June 2024 196,190 8,100,211 56,521 8,352,922
NET BOOK VALUE
At 30 June 2024 24,385 2,147,767 29,718 2,201,870
At 30 June 2023 30,422 2,014,453 44,641 2,089,516

9. STOCKS
2024 2023
£    £   
Stocks 1,151,446 1,244,061

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,917,497 2,488,625
Amounts owed by group undertakings 276,383 141,754
Other debtors 2,543 1,472
VAT 235,639 232,703
Prepayments and accrued income 58,206 245,647
3,490,268 3,110,201

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13) 415,833 158,640
Hire purchase contracts (see note 14) 100,000 100,000
Trade creditors 1,161,490 1,202,509
Amounts owed to group undertakings 329,347 600,466
Corporation tax 9,454 -
Social security and other taxes 110,945 90,865
Other creditors 250,000 -
Accruals and deferred income 472,202 397,457
2,849,271 2,549,937

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 14) 208,333 308,333

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 415,833 158,640

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

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 TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

15. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 415,833 158,640
Hire purchase contracts 308,333 408,333
724,166 566,973

The bank overdraft is secured by a cross guarantee with other group companies.

The bank loan is a CBILS loan and secured by government backed securities.

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 465,639 286,573

Deferred
tax
£   
Balance at 1 July 2023 286,573
Provided during year 179,066
Balance at 30 June 2024 465,639

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
106,400 A 1 106,400 106,400
5,600 B 1 5,600 5,600
112,000 112,000

The "A" and "B" 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, or vote at any general meeting of the company. In the event of a winding up there is no distinction between the two classes of shares.

18. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £181,572 (2023: £187,753). Contributions totalling £34,968 (2023: £1,500) were payable to the fund at the year end and are included in creditors.

CALDER TEXTILES LIMITED (REGISTERED NUMBER: 01803068)

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

19. RELATED PARTY DISCLOSURES

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.

Debtors at 30th June 2024 include the following amounts owed by group companies, Calderdale Carpets Limited £47,248 (2023:£141,754) and Calder Properties £229,135..

Creditors at 30th June 2024 include the following amounts owed to group companies, Calder Dyeing limited £329,347 (2023: £345,456), Calder Properties Limited £Nil (2023: £254,887) and Calder Carpets Limited £0 (2023: £123).

20. THE PARENT COMPANY

The ultimate controlling party is Calder Group (Dewsbury) Limited.