REGISTERED NUMBER: NI633358 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CALIBRO WORKSPACE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

N Cooper

E Cooper

R Crawford

REGISTERED OFFICE:

Unit 6 Rathenraw Industrial Estate

Antrim

BT41 2SJ

REGISTERED NUMBER:

NI633358 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Tangible assets

4

300,322

264,749

CURRENT ASSETS

Debtors

5

975,481

424,405

Prepayments and accrued income

3,907

-

Cash at bank and in hand

1,233,284

1,212,334

2,212,672

1,636,739

CREDITORS

Amounts falling due within one year

6

1,139,027

555,381

NET CURRENT ASSETS

1,073,645

1,081,358

TOTAL ASSETS LESS CURRENT LIABILITIES

1,373,967

1,346,107

CREDITORS

Amounts falling due after more than one year

7

(10,446

)

(32,109

)

PROVISIONS FOR LIABILITIES

(74,665

)

(59,104

)

NET ASSETS

1,288,856

1,254,894

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,288,756

1,254,794

SHAREHOLDERS' FUNDS

1,288,856

1,254,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

E Cooper - Director

N Cooper - Director

R Crawford - Director

1.	STATUTORY INFORMATION

Calibro Workspace Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the recoverability of trade debtors and amounts recoverable on contracts and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover

- Fit out contracts:

When the outcome of a fit out contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

- Other turnover:

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Fixtures, fittings & equipment

-

33% on cost and 20% on cost

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

Plant and

fittings

Motor

property

machinery

& equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

27,384

71,452

100,721

173,961

373,518

Additions

27,065

-

29,459

73,216

129,740

At 31 December 2024

54,449

71,452

130,180

247,177

503,258

DEPRECIATION

At 1 January 2024

444

28,658

39,320

40,347

108,769

Charge for year

7,152

7,445

40,129

39,441

94,167

At 31 December 2024

7,596

36,103

79,449

79,788

202,936

NET BOOK VALUE

At 31 December 2024

46,853

35,349

50,731

167,389

300,322

At 31 December 2023

26,940

42,794

61,401

133,614

264,749

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

84,495

Additions

71,310

At 31 December 2024

155,805

DEPRECIATION

At 1 January 2024

6,208

Charge for year

32,022

At 31 December 2024

38,230

NET BOOK VALUE

At 31 December 2024

117,575

At 31 December 2023

78,287

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

458,095

313,361

Amounts owed by associates

390,537

-

Other debtors

126,849

111,044

975,481

424,405

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

62,690

32,465

Trade creditors

207,517

168,329

Taxation and social security

242,268

50,457

Other creditors

626,552

304,130

1,139,027

555,381

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

10,446

32,109

Other creditors represent amounts owed to the directors which are interest free and have no fixed repayment period.