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REGISTERED NUMBER: 00362628 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Calverts (Taunton) Limited

Calverts (Taunton) Limited (Registered number: 00362628)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Calverts (Taunton) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs H M Calvert
Miss S F J Calvert





SECRETARY:





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
TAUNTON
Somerset
TA1 2PX





REGISTERED NUMBER: 00362628 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Calverts (Taunton) Limited (Registered number: 00362628)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,628 30,961

CURRENT ASSETS
Stocks 400,993 426,251
Debtors 5 47,769 50,400
Cash in hand 104 212
448,866 476,863
CREDITORS
Amounts falling due within one year 6 330,688 290,400
NET CURRENT ASSETS 118,178 186,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,806

217,424

CREDITORS
Amounts falling due after more than one
year

7

(340,986

)

(338,523

)

PROVISIONS FOR LIABILITIES (6,333 ) (7,741 )
NET LIABILITIES (201,513 ) (128,840 )

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings (201,763 ) (129,090 )
SHAREHOLDERS' FUNDS (201,513 ) (128,840 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mrs H M Calvert - Director


Calverts (Taunton) Limited (Registered number: 00362628)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Calverts (Taunton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis as the company continues to have the support of the Directors through the parent company, Calverts Properties (Taunton) Limited.

Critical accounting estimates and judgements
The directors are of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is calculated on actual purchase price. Net realisable value represents ultimate sales price less further costs incurred in marketing, selling and distribution.


Financial instruments
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Calverts (Taunton) Limited (Registered number: 00362628)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pensions
The company provides for pension liabilities by payments to an insurance company independent of the finances of the company. The company operates a defined contribution scheme and payments are charged to the profit and loss account in the year in which they are incurred. The charge for the year was £12,884 (2023 - £13,399).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 256,987
Additions 3,585
At 30 September 2024 260,572
DEPRECIATION
At 1 October 2023 226,026
Charge for year 6,918
At 30 September 2024 232,944
NET BOOK VALUE
At 30 September 2024 27,628
At 30 September 2023 30,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,275 15,338
Prepayments 24,494 35,062
Other debtors 1,000 -
47,769 50,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 91,012 6,027
Other loans 10,422 10,237
Hire purchase contracts - 3,240
Trade creditors 83,632 123,489
Social security and other taxes 30,382 38,839
Other creditors 14,449 18,557
Deposits received in advance 100,791 90,011
330,688 290,400

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loan - greater than 1 yr 7,052 17,474
Amounts owed to group undertakings 333,934 321,049
340,986 338,523