Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-3182024-02-01falsemanufacturing of plastic packaging materials8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01402570 2024-02-01 2025-01-31 01402570 2023-02-01 2024-01-31 01402570 2025-01-31 01402570 2024-01-31 01402570 c:Director2 2024-02-01 2025-01-31 01402570 d:PlantMachinery 2024-02-01 2025-01-31 01402570 d:PlantMachinery 2025-01-31 01402570 d:PlantMachinery 2024-01-31 01402570 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01402570 d:MotorVehicles 2024-02-01 2025-01-31 01402570 d:MotorVehicles 2025-01-31 01402570 d:MotorVehicles 2024-01-31 01402570 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01402570 d:FurnitureFittings 2024-02-01 2025-01-31 01402570 d:FurnitureFittings 2025-01-31 01402570 d:FurnitureFittings 2024-01-31 01402570 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01402570 d:ComputerEquipment 2024-02-01 2025-01-31 01402570 d:ComputerEquipment 2025-01-31 01402570 d:ComputerEquipment 2024-01-31 01402570 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01402570 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01402570 d:Goodwill 2025-01-31 01402570 d:Goodwill 2024-01-31 01402570 d:CurrentFinancialInstruments 2025-01-31 01402570 d:CurrentFinancialInstruments 2024-01-31 01402570 d:Non-currentFinancialInstruments 2025-01-31 01402570 d:Non-currentFinancialInstruments 2024-01-31 01402570 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 01402570 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 01402570 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 01402570 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 01402570 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-01-31 01402570 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 01402570 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-01-31 01402570 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 01402570 d:ShareCapital 2025-01-31 01402570 d:ShareCapital 2024-01-31 01402570 d:RetainedEarningsAccumulatedLosses 2025-01-31 01402570 d:RetainedEarningsAccumulatedLosses 2024-01-31 01402570 c:FRS102 2024-02-01 2025-01-31 01402570 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 01402570 c:FullAccounts 2024-02-01 2025-01-31 01402570 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01402570 d:HirePurchaseContracts d:WithinOneYear 2025-01-31 01402570 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 01402570 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-01-31 01402570 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 01402570 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 01402570 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 01402570 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-01-31 01402570 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-31 01402570 d:LeasedAssetsHeldAsLessee 2025-01-31 01402570 d:LeasedAssetsHeldAsLessee 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 01402570






CALLANCOTE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










img1d34.png

 
CALLANCOTE LIMITED
REGISTERED NUMBER:01402570

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
49,701
57,499

Investments
 6 
5,000
5,000

  
54,701
62,499

Current assets
  

Stocks
 7 
47,277
42,513

Debtors: amounts falling due within one year
 8 
119,370
147,804

Cash at bank and in hand
 9 
28,245
22,297

  
194,892
212,614

Creditors: amounts falling due within one year
 10 
(129,348)
(143,426)

Net current assets
  
 
 
65,544
 
 
69,188

Total assets less current liabilities
  
120,245
131,687

Creditors: amounts falling due after more than one year
 11 
(69,027)
(79,362)

Provisions for liabilities
  

Deferred tax
 14 
(9,150)
(10,923)

  
 
 
(9,150)
 
 
(10,923)

Net assets
  
42,068
41,402


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
(7,932)
(8,598)

  
42,068
41,402


Page 1

 
CALLANCOTE LIMITED
REGISTERED NUMBER:01402570
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Moore
Director

Date: 19 August 2025

Page 2

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Callancote Limited is a company limited by shares, incorporated in England and Wales.  Its registered office is Phoenix House, Redhill Aerodrome, Kings Mill Lane, Redhill, Surrey RH1 5JY.
The principal activity of the company continued to be that of manufacturing of plastic packing materials.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
10% straight line
Motor vehicles
-
20% straight line
Fixtures & fittings
-
25% straight line
Computer equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2024 -8).

Page 6

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2024
20,001



At 31 January 2025

20,001



Amortisation


At 1 February 2024
20,001



At 31 January 2025

20,001



Net book value



At 31 January 2025
-



At 31 January 2024
-



Page 7

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2024
318,363
16,035
36,063
-
370,461


Additions
2,123
-
609
2,000
4,732



At 31 January 2025

320,486
16,035
36,672
2,000
375,193



Depreciation


At 1 February 2024
274,080
3,207
35,675
-
312,962


Charge for the year on owned assets
8,584
3,207
281
458
12,530



At 31 January 2025

282,664
6,414
35,956
458
325,492



Net book value



At 31 January 2025
37,822
9,621
716
1,542
49,701



At 31 January 2024
44,283
12,828
388
-
57,499

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
9,621
12,828

9,621
12,828


6.


Fixed asset investments





Trade investments

£





At 1 February 2024
5,000




Page 8

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.


Stocks

2025
2024
£
£

Raw materials and consumables
35,266
23,015

Work in progress (goods to be sold)
12,011
19,498

47,277
42,513



8.


Debtors

2025
2024
£
£


Trade debtors
89,021
116,948

Other debtors
16,415
17,506

Prepayments and accrued income
13,934
13,350

119,370
147,804



9.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
28,245
22,297

28,245
22,297



10.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
10,419
10,166

Trade creditors
58,227
66,725

Other taxation and social security
25,723
24,418

Obligations under finance lease and hire purchase contracts
(78)
3,736

Other creditors
31,153
34,611

Accruals and deferred income
3,904
3,770

129,348
143,426


Page 9

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

11.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
3,539
13,952

Net obligations under finance leases and hire purchase contracts
10,511
10,433

Other creditors
54,977
54,977

69,027
79,362



12.


Loans



2025
2024
£
£

Amounts falling due within one year

Bank loans
10,419
10,166


10,419
10,166

Amounts falling due 1-2 years

Bank loans
3,539
10,419


3,539
10,419

Amounts falling due 2-5 years

Bank loans
-
3,533


-
3,533


13,958
24,118


Page 10

 
CALLANCOTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

13.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
3,736
3,736

Between 1-5 years
10,511
10,433

14,247
14,169


14.


Deferred taxation




2025


£






At beginning of year
(10,924)


Charged to the profit or loss
1,774



At end of year
(9,150)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(9,150)
(10,923)

(9,150)
(10,923)


15.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,048 (2024: £6,274). Contributions totalling £708 (2024: £603) are payable to the fund at the balance sheet date.

 
Page 11