REGISTERED NUMBER: SC439578 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Caldervale Group Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

744,270

185,262

CURRENT ASSETS

Stocks

35,000

40,000

Debtors

5

612,163

647,158

Cash at bank

322,892

282,599

970,055

969,757

CREDITORS

Amounts falling due within one year

6

(244,156

)

(224,645

)

NET CURRENT ASSETS

725,899

745,112

TOTAL ASSETS LESS CURRENT LIABILITIES

1,470,169

930,374

CREDITORS

Amounts falling due after more than one year

7

(68,262

)

-

PROVISIONS FOR LIABILITIES

(98,041

)

(39,527

)

NET ASSETS

1,303,866

890,847

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Revaluation reserve

8

388,782

-

Retained earnings

895,084

870,847

1,303,866

890,847

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:

Mrs K J Kirkwood - Director

1.	STATUTORY INFORMATION

Caldervale Group Ltd is a private company, limited by shares, registered in Scotland, registration number SC439578. The registered office is Unit 3, 4 & 5 Caldervale Business Park, Dunrobin Road, Airdrie, United Kingdom, ML6 8LS.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services in respect of furnace and induction heat treatment, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost, 20% on reducing balance, 15% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

444,804

Additions

270,392

Disposals

(64,999

)

Revaluations

132,017

At 31 December 2024

782,214

DEPRECIATION

At 1 January 2024

259,542

Charge for year

48,701

Eliminated on disposal

(35,556

)

Revaluation adjustments

(234,743

)

At 31 December 2024

37,944

NET BOOK VALUE

At 31 December 2024

744,270

At 31 December 2023

185,262

Cost or valuation at 31 December 2024 is represented by:

Plant and

machinery

etc

£

Valuation in 2015

44,027

Valuation in 2024

132,017

Cost

606,170

782,214

If plant and machinery had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

472,936

297,817

Aggregate depreciation

200,914

162,949

Plant and machinery was valued on an open market value basis on 31 December 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

413,024

378,527

Amounts owed by related parties

190,249

266,714

Other debtors

8,890

1,917

612,163

647,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

157,590

189,326

Taxation and social security

26,693

30,999

Other creditors

59,873

4,320

244,156

224,645

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

68,262

-

8.

RESERVES

Revaluation

reserve

£

Revaluation in year

388,782

At 31 December 2024

388,782

9.	RELATED PARTY DISCLOSURES

Company under common control

At the year end, the company was owed £190,249 (2023: £266,714).