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Registered number: 11121518
Calabrio UK Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 11121518
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 208,885 250,663
208,885 250,663
CURRENT ASSETS
Debtors 5 2,561,696 854,127
Cash at bank and in hand 98,224 1,627,288
2,659,920 2,481,415
Creditors: Amounts Falling Due Within One Year 6 (917,715 ) (985,248 )
NET CURRENT ASSETS (LIABILITIES) 1,742,205 1,496,167
TOTAL ASSETS LESS CURRENT LIABILITIES 1,951,090 1,746,830
NET ASSETS 1,951,090 1,746,830
CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and Loss Account 1,951,070 1,746,810
SHAREHOLDERS' FUNDS 1,951,090 1,746,830
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carl Gillert
Director
30/06/2025
The notes on pages 2 to 5 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Calabrio UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11121518 . The registered office is The Smiths Building, 179 Great Portland Street, London, W1W 5PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2.2. Going Concern Disclosure
After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least 12 months from the date these financial statements were approved. This is due to the ongoing support of the group headed by the parent company, Calabrio Inc. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The company benefits from the support of its parent, Calabrio Inc., and Calabrio AB, a group company, in the form of reimbursement at an agreed margin, for trading expenditure and operating overheads incurred in delivering services to its customers. The directors have obtained confirmation from Calabrio Inc. and Calabrio AB that they are committed to support the activities of Calabrio UK Limited for at least 12 months from the date of signing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases.
Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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2.8. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value
2.10. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.11. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 36)
33 36
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 417,775
As at 31 December 2024 417,775
Amortisation
As at 1 January 2024 167,112
Impairment losses 41,778
As at 31 December 2024 208,890
Net Book Value
As at 31 December 2024 208,885
As at 1 January 2024 250,663
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 28,525 86,379
Other debtors 79,142 40,990
VAT 17,751 43,645
Amounts owed by group undertakings 2,436,278 683,113
2,561,696 854,127
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,779 83,138
Corporation tax 50,045 51,470
Other taxes and social security - 998
Other creditors 18,643 -
Pensions Creditors - 20,588
Accruals and deferred income 313,237 744,486
Amounts owed to group undertakings 533,011 84,568
917,715 985,248
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 84,228 76,650
84,228 76,650
9. Parent Undertaking and Controlling Party
The company's immediate parent is Calabrio, Inc, 241 N 5th Avenue, #1200, Minneapolis, MN 55401, incorporated in USA.
The parent of the smallest group in which these financial statements are consolidated is Calabrio Holdings, Inc, incorporated in USA.
The address of Calabrio Holdings, Inc is:
241 N 5th Avenue, #1200, Minneapolis, MN 55401
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10. Audit Information
The auditor's report on the accounts of Calabrio UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Steven Burgess (Senior Statutory Auditor) for and on behalf of Sumer Auditco Limited , Statutory Auditor.
Sumer Auditco Limited
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 2LG
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