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Registered number: 09230382
Calibre Equip Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
James Khan
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 09230382
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 303,334 285,233
Investment Properties 6 180,000 180,000
483,334 465,233
CURRENT ASSETS
Debtors 8 221,338 168,436
Cash at bank and in hand 1,466 109
222,804 168,545
Creditors: Amounts Falling Due Within One Year 9 (72,583 ) (56,391 )
NET CURRENT ASSETS (LIABILITIES) 150,221 112,154
TOTAL ASSETS LESS CURRENT LIABILITIES 633,555 577,387
Creditors: Amounts Falling Due After More Than One Year 10 (446,108 ) (424,683 )
NET ASSETS 187,447 152,704
CAPITAL AND RESERVES
Called up share capital 12 101 101
Profit and Loss Account 187,346 152,603
SHAREHOLDERS' FUNDS 187,447 152,704
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
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 Christopher Lloyd
Director
10/07/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 101 21,599 21,700
Profit for the year and total comprehensive income - 190,504 190,504
Dividends paid - (59,500) (59,500)
As at 31 March 2024 and 1 April 2024 101 152,603 152,704
Profit for the year and total comprehensive income - 55,843 55,843
Dividends paid - (21,100) (21,100)
As at 31 March 2025 101 187,346 187,447
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Calibre Equip Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09230382 . The registered office is Unit 9a Old Parish Road, Ynysybwl, Pontypridd, CF37 3EY.
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.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. These are amortised to profit and loss account over their estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. 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 year 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 5,750
As at 31 March 2025 5,750
Amortisation
As at 1 April 2024 5,750
As at 31 March 2025 5,750
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 170,974 389,261 3,000 563,235
Additions 32,850 87,995 - 120,845
Disposals (28,800 ) (59,701 ) - (88,501 )
As at 31 March 2025 175,024 417,555 3,000 595,579
Depreciation
As at 1 April 2024 97,195 180,357 450 278,002
Provided during the period 12,987 55,444 638 69,069
Disposals (12,882 ) (41,944 ) - (54,826 )
As at 31 March 2025 97,300 193,857 1,088 292,245
Net Book Value
As at 31 March 2025 77,724 223,698 1,912 303,334
As at 1 April 2024 73,779 208,904 2,550 285,233
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Page 6
6. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 180,000
7. Stocks
2025 2024
£ £
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 63,443 -
Prepayments and accrued income - 53,967
Other debtors 157,895 114,469
221,338 168,436
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,843 15,160
Trade creditors 25,769 25,770
Corporation tax 11,403 5,644
Other taxes and social security 744 405
VAT 23,815 7,364
Accruals and deferred income 2,000 2,000
Directors' loan accounts 9 48
72,583 56,391
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 8,843
Other creditors 446,108 415,840
446,108 424,683
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,843 15,160
Later than one year and not later than five years - 8,843
8,843 24,003
8,843 24,003
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12. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
1 Ordinary B shares of £ 1 each 1 1
101 101
13. Related Party Transactions
During the period, the company made net sales to Calibre Contracting Ltd of £203,765 (2024: £229,840). This company is under common control, by virtue of the director and shareholder, Mr C P Lloyd.
At the balance sheet date, there was a balance of £126,600 (2024: £0) owing to the company by Calibre Contracting Ltd, in respect of sales made. This is included in trade debtors, under debtors falling due within one year.
During the period, the company made net purchases from Calibre Contracting Ltd of £0 (2024: £21,475). This company is under common control, by virtue of the director and shareholder, Mr C P Lloyd.
At the balance sheet date, there was a balance of £25,770 (2024: £25,770) owing by the company to Calibre Contracting Ltd, in respect of purchases made. This is included in trade creditors, under creditors falling due within one year.
In addition to the above, there was also a balance of £0 (2024: £52,300) owing to the company by Calibre Contracting Ltd, in respect of various costs incurred. This is included in prepayments and accrued income, under debtors falling due within one year.
Finally, there was a balance of £446,108 (2024: £415,840) owing by the company to Calibre Contracting Ltd, in respect of inter-company loans. This is included in other creditors, under creditors falling due after more than one year. 
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