CALDERVALE TECHNOLOGY LIMITED


Directors	CASTELLÓ, Miguel
	COLLEY, Darren (Resigned 26 February 2026)
	MOLES, Arcadi


Registered Address	Caldervale Technology Limited
	Bretfield Court
	Dewsbury
	WF12 9BG


Registered Number	02769288 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	4
	Vehicles	4
	Office Equipment	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, 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 the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company 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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	36		39

3.	Prior period adjustment
	The previous year accounts have been restated due to a correction of the stock balance at the year end. The impact on the loss for the year ended 31 December 2024 is an increase to the loss of £155,000.

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	248,266	355,101	104,748	708,115
Additions	-	-	32,198	32,198
Disposals	(59,149)	-	-	(59,149)
At 31 December 25	189,117	355,101	136,946	681,164
Depreciation and impairment
At 01 January 25	202,558	335,595	81,878	620,031
Charge for year	19,043	9,226	14,463	42,732
On disposals	(47,901)	-	-	(47,901)
At 31 December 25	173,700	344,821	96,341	614,862
Net book value
At 31 December 25	15,417	10,280	40,605	66,302
At 31 December 24	45,708	19,506	22,870	88,084

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	698,436	600,825
Other debtors	1,295,168	977,373
Prepayments and accrued income	22,533	26,719
Total	2,016,137	1,604,917

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	231,835	528,470
Bank borrowings and overdrafts	197,598	-
Taxation and social security	281,926	37,098
Finance lease and HP contracts	5,398	11,526
Other creditors	1,589,437	884,461
Accrued liabilities and deferred income	15,162	80,218
Total	2,321,356	1,541,773


	The following liabilities, disclosed under creditors, amounts falling due within one year, are secured by the company against the assets to which they relate: Finance lease and HP contracts £5,398 (2024 - £11,526) Other creditors £819,046 (2024 - £649,495)

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	12,595	17,993
Total	12,595	17,993


	Finance lease and HP contracts equal to £12,595 (2024 - £17,993) are included within other creditors and are secured against the assets to which they relate.

8.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £7,162 (2024 - £8,841) were due to the fund.

9.	Operating lease commitments
	At 31 December 2025 the company ha,d future minimum lease payments under non-cancellable operating leases for each of the following periods: Due under 1 year - £71,300 (2024 - £75,000) Due later than 1 year but not later than 5 years - £249,800 (2024 - £259,100) Later then 5 years - £289,300 (2024 - £351,300)

10.	Related party transactions
	The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the group are controlled within the group. Included within debtors, amounts falling due within one year, is an amount due from Greenworld Partners Limited, the parent undertaking, of £1,223,168 (2024 - £977,373). This amount is interest free and repayable on demand. Included within creditors, amount falling due within one year, is an amount due to Tales Partners S.L. of £647,268 (2024 - £214,970). Tales Partners S.L. is the parent undertaking of Greenworld Partners Limited. This balance is interest free and repayable on demand. Included within creditors, amount falling due within one year, is an amount due to Freplan S.L. of £85,181 (2024 - £Nil). Freplan S.L. is under common control. This balance is interest free and repayable on demand. Included within debtors, amount falling due within one year, is an amount due from Blaumar Capital S.L. of £25,000 (2024 - £Nil). Blaumar Capital S.L. is under common control. This balance is interest free and repayable on demand. Included within administrative expenses are management charges of £29,168 (2024 - (£6,265)) paid to Blaumar Capital S.L.

10.

Related party transactions

The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the group are controlled within the group.

Included within debtors, amounts falling due within one year, is an amount due from Greenworld Partners Limited, the parent undertaking, of £1,223,168 (2024 - £977,373). This amount is interest free and repayable on demand.

Included within creditors, amount falling due within one year, is an amount due to Tales Partners S.L. of £647,268 (2024 - £214,970). Tales Partners S.L. is the parent undertaking of Greenworld Partners Limited. This balance is interest free and repayable on demand.

Included within creditors, amount falling due within one year, is an amount due to Freplan S.L. of £85,181 (2024 - £Nil). Freplan S.L. is under common control. This balance is interest free and repayable on demand.

Included within debtors, amount falling due within one year, is an amount due from Blaumar Capital S.L. of £25,000 (2024 - £Nil). Blaumar Capital S.L. is under common control. This balance is interest free and repayable on demand.

Included within administrative expenses are management charges of £29,168 (2024 - (£6,265)) paid to Blaumar Capital S.L.

11.	Exceptional items
	On 30th July 2024, the subsidiary company, Fusion Equipment Limited went into voluntary liquidation. £42,481 was written off in prior year in relation to this investment.

12.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. The company is a wholly owned subsidiary of Greenworld Partners Limited, a company incorporated in the United Kingdom and registered in England and Wales.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		66,302		88,084
			66,302		88,084
Current assets
Stocks		721,235		285,470
Debtors	5	2,016,137		1,604,917
Cash at bank and on hand		-		27,169
		2,737,372		1,917,556
Creditors amounts falling due within one year	6	(2,321,356)		(1,541,773)
Net current assets (liabilities)			416,016		375,783
Total assets less current liabilities			482,318		463,867
Creditors amounts falling due after one year	7		(12,595)		(17,993)
Net assets			469,723		445,874
Capital and reserves
Called up share capital			30,706		30,706
Other reserves			147		147
Profit and loss account			438,870		415,021
Shareholders' funds			469,723		445,874