Company Registration No. 09792077 (England and Wales)
Calibso Limited
Unaudited accounts
for the year ended 31 January 2025
Calibso Limited
Unaudited accounts
Contents
Calibso Limited
Company Information
for the year ended 31 January 2025
Company Number
09792077 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Calibso Limited
Statement of financial position
as at 31 January 2025
Tangible assets
313,878
215,203
Cash at bank and in hand
659,907
626,634
Creditors: amounts falling due within one year
(768,853)
(789,001)
Net current (liabilities)/assets
(7,076)
9,830
Total assets less current liabilities
306,802
225,033
Creditors: amounts falling due after more than one year
(129,368)
(133,128)
Provisions for liabilities
Deferred tax
(65,411)
(53,800)
Called up share capital
102
102
Profit and loss account
111,921
38,003
Shareholders' funds
112,023
38,105
For the year ending 31 January 2025 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 his 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 6 May 2025 and were signed on its behalf by
Simon Beer
Director
Company Registration No. 09792077
Calibso Limited
Notes to the Accounts
for the year ended 31 January 2025
Calibso Limited is a private company, limited by shares, registered in England and Wales, registration number 09792077. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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:
Plant & machinery
20% Straight Line
Motor vehicles
20% Reducing Balance
Computer equipment
33.33% Straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Expenditure on research and development is written off in the year in which it is incurred.
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.
Calibso Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
4,909
258,498
10,537
273,944
Additions
1,020
155,828
3,109
159,957
Disposals
(292)
(19,500)
-
(19,792)
At 31 January 2025
5,637
394,826
13,646
414,109
At 1 February 2024
1,262
50,558
6,921
58,741
Charge for the year
1,076
39,118
2,158
42,352
On disposals
(49)
(813)
-
(862)
At 31 January 2025
2,289
88,863
9,079
100,231
At 31 January 2025
3,348
305,963
4,567
313,878
At 31 January 2024
3,647
207,940
3,616
215,203
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
214,960
189,253
Amounts falling due within one year
Trade debtors
68,702
76,458
Accrued income and prepayments
30,468
19,039
Other debtors
2,700
76,700
Calibso Limited
Notes to the Accounts
for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
37,551
36,722
Trade creditors
8,799
8,412
Amounts owed to group undertakings and other participating interests
4,070
-
Taxes and social security
-
51,972
Other creditors
19,027
7,294
Loans from directors
21,401
1
Deferred income
602,918
614,443
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
129,368
133,128
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 Ordinary shares B of £1 each
1
1
1 Ordinary shares C of £1 each
1
1
8
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
37,551
36,722
Later than one year and not later than five years
129,368
133,128
9
Transactions with related parties
Included in debtors is £Nil (2024 - £75,000) owed from Calibso Holdings Limited. This company is the parent company and is owned and controlled by director.
Included in creditors is £4,070 (2024 - £Nil) owed to Calibso Holdings Limited. This company is the parent company and is owned and controlled by director.
The parent company is Calibso Holdings Limited, the registered office address is 7 High Street, Windsor, England SL4 1LD.
11
Average number of employees
During the year the average number of employees was 8 (2024: 5).