| REGISTERED NUMBER: |
| T E R Calibration Ltd. |
| Audited Financial Statements |
| for the Period 1st May 2024 to 31st December 2024 |
| REGISTERED NUMBER: |
| T E R Calibration Ltd. |
| Audited Financial Statements |
| for the Period 1st May 2024 to 31st December 2024 |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Contents of the Financial Statements |
| for the Period 1st May 2024 to 31st December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| T E R Calibration Ltd. |
| Company Information |
| for the Period 1st May 2024 to 31st December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditors |
| 2 Oriel Court |
| Omega Park |
| Alton |
| Hampshire |
| GU34 2YT |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Balance Sheet |
| 31st December 2024 |
| 2024 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 9 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Notes to the Financial Statements |
| for the Period 1st May 2024 to 31st December 2024 |
| 1. | STATUTORY INFORMATION |
| T E R Calibration Ltd. is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The period to 31st of December is a short period and is therefore not comparable to the prior year. |
| The accounts are presented in pound sterling and are rounded to the nearest pound. |
| It is the intention of the directors to hive up the assets of the company and trade and therefore the accounts are prepared on a basis other than going concern. The directors considered the accounting treatment of items contained within the financial statements and as the trade continues there is no impairment required. |
| 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. |
| Turnover represents amounts receivable for calibration services, net of VAT and trade discounts. |
| Goodwill |
| Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life. |
| 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 |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Notes to the Financial Statements - continued |
| for the Period 1st May 2024 to 31st December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost |
| comprise direct materials and overheads which have been incurred in bringing the stocks to their present location and condition. |
| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
| Taxation |
| Taxation for the period 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 period 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st May 2024 |
| and 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 30th April 2024 |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Notes to the Financial Statements - continued |
| for the Period 1st May 2024 to 31st December 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st May 2024 |
| Additions |
| Disposals |
| At 31st December 2024 |
| DEPRECIATION |
| At 1st May 2024 |
| Charge for period |
| Eliminated on disposal |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 30th April 2024 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st May 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2024 |
| DEPRECIATION |
| At 1st May 2024 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 30th April 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Notes to the Financial Statements - continued |
| for the Period 1st May 2024 to 31st December 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 8,934 | 35,025 |
| Other creditors |
| Accruals and deferred income |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st May 2024 |
| Deficit for the period | ( |
) |
| At 31st December 2024 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was qualified on the following basis: |
| Basis for qualified opinion |
| We were not appointed as auditor of the company until after 30 April 2024 and thus did not observe the counting of physical inventories at the end of the year. The first year of the company producing audited accounts. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held, which are included in the balance sheet at £16,177 (2024: £51,540), by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary. |
| 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 Auditor’s 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 qualified opinion. |
| for and on behalf of |
| T E R Calibration Ltd. (Registered number: 07597709) |
| Notes to the Financial Statements - continued |
| for the Period 1st May 2024 to 31st December 2024 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year the company was acquired by Testo Industrial Services Ltd. The immediate parent undertaking is Testo Industrial Services GmbH and the ultimate controlling party is Testo SE & Co. KGaA a company incorporated in Germany. The registered office of the controlling party is Celsiusstraße 2, 79822 Titisee-Neustadt, Germany. |