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Registered number: 02133630
Calber Facilities Management Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Strategic Report 1—2
Directors' Report 3—4
Independent Auditor's Report 5—8
Statement of Comprehensive Income 9
Balance Sheet 10—11
Statement of Changes in Equity 12
Statement of Cash Flows 13
Notes to the Statement of Cash Flows 14
Notes to the Financial Statements 15—22
Page 1
Strategic Report
The directors present their strategic report for the year ended 31 December 2024.
Review of the Business
The company has reported sales for the year ended 31 December 2024 amounting to £19,766,534 compared to £18,079,818 for the year to 31 December 2023.  Post tax profits were £123,332 for the year ended 31 December 2024 compared to £310,610 for the year to 31 December 2023.
Principal Risks and Uncertainties
The Directors consider that the principal risks and uncertainties to the business are those relating to the prevailing economic conditions. The Directors assess and identify risks that the company is subject to at their regular meetings and seek to implement operating procedures and financial controls to mitigate those risks. Where necessary the Directors will seek advice from relevant professional advisors.
The Company has adopted risk management policies that seek to mitigate the financial risks as follows:
Credit risk
Financial assets and liabilities that expose the Company to financial risk consist principally of cash, trade debtors and trade creditors.
The credit risk associated with trade debtors is managed by monitoring the credit worthiness of our clients. Trade debtors are distributed in such a manner that the concentration of credit risk is not considered extraordinary.
The financial risk associated with cash and trade creditors is considered minimal as the Company places its cash in creditworthy institutions and performs ongoing credit evaluation of its suppliers’ financial condition.
Page 1
Page 2
Future Developments
The Key Performance Indicators presented below reflect the way the performance of the Company has been measured in 2024:
• Revenue by department – to track the growth in the business.
• New contracts
• Profit before tax – to track the underlying performance of the business.
• Overheads
• Labour costs
The directors are satisfied with the performance of the company during the year with regard to the indicators set out above.
Subsequent Events
There have been no changes to the business activities or risk profile of the Company subsequent to the end of the reporting period.  There have been no changes to the Company’s directors since the end of the reporting period.
2025 Focus
Looking forward, the strategy for the Company is to expand in key areas of the business and to meet expectations with regards to KPI’s.  Calber continues to expand its customer and geographical base and is expanding its activities and also providing additional services for existing clients. The Directors are looking forward to another very positive year to December 2025.
On behalf of the board
Mr L Cannings
Director
25 July 2025
Page 2
Page 3
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Principal Activity
The company's principal activity continues to be that of facilities management.
Directors
The directors who held office during the year were as follows:
Mr L Cannings
Mr A Doman
Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Independent Auditors
The auditors, For and on behalf of UHY Ross Brooke, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr L Cannings
Director
25 July 2025
Page 4
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Independent Auditor's Report
Opinion
We have audited the financial statements of Calber Facilities Management Limited for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
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 opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 3—4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
...CONTINUED
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Auditor's Responsibilities for the Audit of the Financial Statements - continued
  • the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
  • we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our cumulative audit and commercial knowledge and experience of the company and the sector;
  • we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, Taxation Legislation, General Data Protection Rules (GDPR), Anti-Bribery Act, Employment Law and Health & Safety legislation;
  • we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
  • identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
  • making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud; and
  • considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
  • performed analytical procedures to identify any unusual or unexpected relationships;
  • tested journal entries to identify unusual transactions; and
  • investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
  • agreeing financial statement disclosures to underlying supporting documentation;
  • enquiring of management as to actual and potential litigation and claims; and
  • reviewing correspondence with HMRC and analysing legal costs to ascertain if there have been instances of non- compliance with laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
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Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Caroline Webster (Senior Statutory Auditor)
for and on behalf of For and on behalf of UHY Ross Brooke , Statutory Auditor
31 July 2025
For and on behalf of UHY Ross Brooke
Suite I, Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
Page 8
Page 9
Statement of Comprehensive Income
2024 2023
Notes £ £
TURNOVER 3 19,766,534 18,079,818
Cost of sales (16,450,800 ) (14,661,156 )
GROSS PROFIT 3,315,734 3,418,662
Administrative expenses (3,130,585 ) (2,984,082 )
Other operating income 10,000 10,000
OPERATING PROFIT 5 195,149 444,580
Profit on disposal of fixed assets 1,461 -
Interest payable and similar charges 10 (29,308 ) (31,101 )
PROFIT BEFORE TAXATION 167,302 413,479
Tax on Profit 11 (43,970 ) (102,869 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 123,332 310,610
OTHER COMPREHENSIVE INCOME FOR THE YEAR - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 123,332 310,610
The notes on pages 14 to 22 form part of these financial statements.
Page 9
Page 10
Balance Sheet
Registered number: 02133630
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 12 1,298,841 1,274,065
Investment Properties 13 174,963 174,963
1,473,804 1,449,028
CURRENT ASSETS
Stocks 14 4,853 14,964
Debtors 15 3,676,649 3,626,057
Cash at bank and in hand 371,001 98,602
4,052,503 3,739,623
Creditors: Amounts Falling Due Within One Year 16 (2,475,398 ) (2,242,281 )
NET CURRENT ASSETS (LIABILITIES) 1,577,105 1,497,342
TOTAL ASSETS LESS CURRENT LIABILITIES 3,050,909 2,946,370
Creditors: Amounts Falling Due After More Than One Year 17 (459,090 ) (442,492 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 19 (70,035 ) (59,426 )
NET ASSETS 2,521,784 2,444,452
CAPITAL AND RESERVES
Called up share capital 21 100 100
Profit and Loss Account 2,521,684 2,444,352
SHAREHOLDERS' FUNDS 2,521,784 2,444,452
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On behalf of the board
Mr L Cannings
Director
25 July 2025
The notes on pages 14 to 22 form part of these financial statements.
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Page 12
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 100 2,193,742 2,193,842
Profit for the year and total comprehensive income - 310,610 310,610
Dividends paid - (60,000) (60,000)
As at 31 December 2023 and 1 January 2024 100 2,444,352 2,444,452
Profit for the year and total comprehensive income - 123,332 123,332
Dividends paid - (46,000) (46,000)
As at 31 December 2024 100 2,521,684 2,521,784
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Statement of Cash Flows
2024 2023
Notes £ £
Cash flows from operating activities
Net cash generated from operations 1 599,647 241,200
Interest paid (29,308 ) (31,101 )
Tax paid (115,308 ) (66,621 )
Net cash generated from operating activities 455,031 143,478
Cash flows from investing activities
Purchase of tangible assets (130,971 ) (45,664 )
Proceeds from disposal of tangible assets 24,000 -
Net cash used in investing activities (106,971 ) (45,664 )
Cash flows from financing activities
Equity dividends paid (46,000 ) (60,000 )
Repayment of bank borrowings (100,718 ) (79,922 )
Repayment of other loans - (93,221)
Amount introduced by directors 21,623 -
Amount withdrawn by directors - (64,127)
Net cash used in financing activities (125,095 ) (297,270 )
Increase/(decrease) in cash and cash equivalents 222,965 (199,456 )
Cash and cash equivalents at beginning of year 2 (39,781 ) 159,675
Cash and cash equivalents at end of year 2 183,184 (39,781 )
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Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations
2024 2023
£ £
Profit for the financial year 123,332 310,610
Adjustments for:
Tax on profit 43,970 102,869
Interest expense 29,308 31,101
Depreciation of tangible assets 83,656 103,147
Profit on disposal of tangible assets (1,461) -
Movements in working capital:
Decrease in stocks 10,111 10,531
Increase in trade and other debtors (50,592 ) (357,823 )
Increase in trade and other creditors 361,323 40,765
Net cash generated from operations 599,647 241,200
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2024 2023
£ £
Cash at bank and in hand 371,001 98,602
Overdraft facilities repayable on demand (187,817 ) (138,383 )
Cash and cash equivalents as stated in the Statement of Cash Flows 183,184 (39,781)
3. Analysis of changes in net debt
As at 1 January 2024 Cash flows As at 31 December 2024
£ £ £
Cash at bank and in hand 98,602 272,399 371,001
Overdraft facilities repayable on demand (138,383) (49,434) (187,817)
Cash and cash equivalents (39,781 ) 222,965 183,184
Debts falling due within one year (179,339 ) 117,317 (62,022 )
Debts falling due after more than one year (442,492) (16,598) (459,090)
(661,612) 323,684 (337,928)
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Notes to the Financial Statements
1. General Information
Calber Facilities Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02133630 . The registered office is The Glenmore Centre Grove Technology Park, Downsview Road, Wantage, Oxfordshire, OX12 9GN.
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for facilities management services and associated consumables, and is shown net of VAT.
Sale of consumables
Revenue from the sale of consumables is recognised when the significant risks and rewards of ownership of the goods has transferred to the client. 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. 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:
Freehold 1% straight line
Leasehold 10% straight line
Plant & Machinery 25% reducing balance/25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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.
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2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises materials and related costs that have been incurred in bringing stocks to their present location and condition.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. 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.
2.8. 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 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Turnover
Analysis of turnover by class of business is as follows:
2024 2023
£ £
Facilities management 19,766,534 18,079,818
4. Other Operating Income
2024 2023
£ £
Rental income 10,000 10,000
10,000 10,000
5. Operating Profit
The operating profit is stated after charging:
2024 2023
£ £
Operating lease rentals 74,933 79,781
Depreciation of tangible fixed assets 83,656 103,147
6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the company's financial statements 12,000 10,448
7. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 12,198,189 11,031,158
Social security costs 808,411 697,716
Other pension costs 210,450 196,141
13,217,050 11,925,015
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8. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 46 46
Manufacturing 414 405
460 451
9. Directors' remuneration
2024 2023
£ £
Emoluments 102,713 99,000
Company contributions to money purchase pension schemes 18,005 17,789
120,718 116,789
The number of directors to whom retirement benefits were accruing was as follows:
2024 2023
Defined benefit pension schemes 2 2
10. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts 29,308 31,101
11. Tax on Profit
The tax charge on the profit for the year was as follows:
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 24.0% 23.5% 33,361 115,308
Deferred Tax
Deferred taxation 10,609 (12,439 )
Total tax charge for the period 43,970 102,869
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
...CONTINUED
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2024 2023
£ £
Profit before tax 167,302 413,479
Tax on profit at 24% (UK standard rate) 40,152 97,168
Expenses not deductible for tax purposes 17,347 5,086
Capital allowances (24,138 ) -
Short term timing differences 10,609 615
Total tax charge for the period 43,970 102,869
12. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 1,250,863 307,661 620,500 532,110 2,711,134
Additions 89,815 6,461 21,645 13,050 130,971
Disposals - (40,350 ) - - (40,350 )
As at 31 December 2024 1,340,678 273,772 642,145 545,160 2,801,755
Depreciation
As at 1 January 2024 144,021 260,468 560,091 472,489 1,437,069
Provided during the period 32,624 8,597 22,184 20,251 83,656
Disposals - (17,811 ) - - (17,811 )
As at 31 December 2024 176,645 251,254 582,275 492,740 1,502,914
Net Book Value
As at 31 December 2024 1,164,033 22,518 59,870 52,420 1,298,841
As at 1 January 2024 1,106,842 47,193 60,409 59,621 1,274,065
13. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 174,963
Investment property comprises a business property at Glenmore Centre, Grove Technology Park, Wantage. The fair value of the invesment property has been arrived at on the basis of its purchase price in December 2019. The directors believe that this remains a reasonable approximation to its fair value at the period end.
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14. Stocks
2024 2023
£ £
Stock 4,853 14,964
15. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,103,612 3,258,107
Other debtors 573,037 367,950
3,676,649 3,626,057
16. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 781,616 745,513
Bank loans and overdrafts 249,839 317,722
Corporation tax 33,361 115,308
Other taxes and social security 249,601 244,363
VAT 445,464 425,132
Net wages 316,077 291,121
Other creditors 711 1,399
Accrued defined contributions payments 27,246 38,479
Accruals and deferred income 338,266 51,650
Directors' loan accounts 33,217 11,594
2,475,398 2,242,281
The directors loan accounts listed above are interest free and repayable on demand.
17. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 459,090 442,492
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18. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 62,022 179,339
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 459,090 442,492
The long-term loans are secured by a fixed charge over the freehold property (Units 11,14,15 and 16 The Glenmore Centre, Grove Technology Park) held by the company for its own use.
During the year an additional loan of £75,000 was drawn down, the interest rate is 2.82% over base rate, the final repayment date is December 2029.
Bank overdrafts consist of sales finance, where the value of the reporting date is secured on the trade debtors as stated in note 14.
19. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 70,035 59,426
20. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 59,426 59,426
Additions 10,609 10,609
Balance at 31 December 2024 70,035 70,035
21. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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22. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,915 30,240
Later than one year and not later than five years - 17,640
19,915 47,880
23. Pension Commitments
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to profit or loss in respect of defined contribution schemes was £210,449 (2023: £196,141)
24. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr A Doman 23,000 30,000
Mr L Cannings 23,000 30,000
25. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 46,000 60,000
26. Related Party Disclosures
During the year sales and purchases with a parnership in which one of the directors is a partner were made at arms length of 95,246.12 (2023: £2,717) and £343,148.15 (2023: £277,615) respectively.  At the reporting date the company owed £30,462 (2023: £73,945) to and was owed £4,248 (2023: £797) by the partnership.
In April 2024 a short term loan of £25,000 was made to Mr M Doman (Mr Doman is a director of Mid Engineering Limited who are identified as a customer of Calber Facilities Management Limited) this loan was repaid in full prior to the 31 December 2024.
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