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Company Registration No. SC417339 (Scotland)
Calculo Ltd Unaudited accounts for the year ended 28 February 2025
Calculo Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Calculo Ltd Company Information for the year ended 28 February 2025
Director
Mr Ryan Jenkins
Company Number
SC417339 (Scotland)
Registered Office
09 Eastworks Gateway Court Glasgow G40 4DS United Kingdom
Accountants
Calculo Ltd Eastworks Gateway Court Glasgow G40 4DS
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Calculo Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
770
856
Tangible assets
5
11,614
10,937
12,384
11,793
Current assets
Debtors
6
77,221
36,992
Cash at bank and in hand
39,182
27,675
116,403
64,667
Creditors: amounts falling due within one year
7
(65,935)
(39,257)
Net current assets
50,468
25,410
Total assets less current liabilities
62,852
37,203
Creditors: amounts falling due after more than one year
8
(8,619)
(10,419)
Net assets
54,233
26,784
Capital and reserves
Called up share capital
10
2
Profit and loss account
54,223
26,782
Shareholders' funds
54,233
26,784
For the year ending 28 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2025 and were signed on its behalf by
Mr Ryan Jenkins Director Company Registration No. SC417339
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Calculo Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Calculo Ltd is a private company, limited by shares, registered in Scotland, registration number SC417339. The registered office is 09 Eastworks, Gateway Court, Glasgow, G40 4DS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern, therefore the annual accounts have been prepared on the going concern basis.
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Calculo Ltd Notes to the Accounts for the year ended 28 February 2025
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Carbon Neutral
The UK Governments Net Zero Target aims to bring all greenhouse gas emissions to net zero by 2050. Calculo Ltd has met all Carbon Neutral Britain Certification™ standards in measuring, calculating and carbon offsetting organisational carbon emissions selected within the Scope 1, 2 and 3 GHG emissions boundary during the financial year. Calculations on carbon emissions have been made following the ISO 14064-1:2018 (Greenhouse Gases) and GHG Protocol Emissions Standards. In the financial year Calculo has offset 11.40 Tonnes of CO₂e emissions via United Nations verified carbon offsetting projects.
4
Intangible fixed assets
Other
£
Cost
At 1 March 2024
1,303
At 28 February 2025
1,303
Amortisation
At 1 March 2024
447
Charge for the year
86
At 28 February 2025
533
Net book value
At 28 February 2025
770
At 29 February 2024
856
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Calculo Ltd Notes to the Accounts for the year ended 28 February 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
208
1,072
14,255
15,535
Additions
-
-
1,967
1,967
At 28 February 2025
208
1,072
16,222
17,502
Depreciation
At 1 March 2024
86
424
4,088
4,598
Charge for the year
12
65
1,213
1,290
At 28 February 2025
98
489
5,301
5,888
Net book value
At 28 February 2025
110
583
10,921
11,614
At 29 February 2024
122
648
10,167
10,937
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
27,667
2,438
Other debtors
15,000
-
42,667
2,438
Amounts falling due after more than one year
Other debtors
34,554
34,554
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,762
1,788
VAT
20,306
9,460
Taxes and social security
43,124
27,397
Other creditors
743
612
65,935
39,257
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
8,619
10,419
9
Average number of employees
During the year the average number of employees was 7 (2024: 6).
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