Calibre Power Electronics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC208131 (Scotland)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 DECEMBER 2025

FOR

CALIBRE POWER ELECTRONICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A W Marr

G L Hepburn

REGISTERED OFFICE:

Victoria House

13 Victoria Street

Aberdeen

Scotland

AB10 1XB

REGISTERED NUMBER:

SC208131 (Scotland)

INDEPENDENT AUDITOR:

Fortus Audit LLP

Equinox House, Clifton Park

Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Tangible assets

4

-

54,071

Investments

5

-

24,883

-

78,954

CURRENT ASSETS

Stocks

-

24,725

Debtors

6

798,133

348,430

Cash at bank

-

240,368

798,133

613,523

CREDITORS

Amounts falling due within one year

7

163,507

138,728

NET CURRENT ASSETS

634,626

474,795

TOTAL ASSETS LESS CURRENT LIABILITIES

634,626

553,749

PROVISIONS FOR LIABILITIES

-

4,372

NET ASSETS

634,626

549,377

CAPITAL AND RESERVES

Called up share capital

120

Retained earnings

634,506

549,257

634,626

549,377

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 28 August 2026 and were signed on its behalf by:

A W Marr - Director

1.	STATUTORY INFORMATION

Calibre Power Electronics Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Going Concern

The Board have made the decision to liquidate the company. These financial statements are therefore prepared on a basis other than going concern.

The directors have considered the recoverability of the company's assets and the settlement of its liabilities in preparing these financial statements on a basis other than going concern. Following the transfer of the trade and assets to Dale Power Solutions Limited, the directors expect all remaining debtor balances to be recovered in full and do not anticipate any material impairment in the value of the residual net assets of the company.

Accordingly, the directors consider that no adjustments to the carrying values of the company's assets or liabilities are required as a consequence of the decision to liquidate the company.

Period of account

The financial statements have been prepared for the 18-month period to 31 December 2025. The comparatives are for the year ended 30 June 2024 and therefore may not be directly comparable. The year-end of the company was changed to align with the year-end of the group for which the company is now a part of.

Turnover

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.

Plant and Machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on cost

Computer equipment

40% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 July 2024

121,265

4,141

42,310

15,060

182,776

Additions

600

-

1,434

2,034

Disposals

-

(42,310

)

-

(42,310

)

Transfer to parent

(121,865

)

(4,141

)

-

(16,494

)

(142,500

)

At 31 December 2025

-

DEPRECIATION

At 1 July 2024

90,752

3,142

22,173

12,638

128,705

Charge for period

27,425

999

-

2,418

30,842

Eliminated on disposal

-

(22,173

)

-

(22,173

)

Transfer to parent

(118,177

)

(4,141

)

-

(15,056

)

(137,374

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 30 June 2024

30,513

999

20,137

2,422

54,071

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

Gold Coins

-

24,883

The investment in gold coins was disposed of in April 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

276,210

326,532

Amounts owed by group undertakings

521,923

-

Other debtors

-

21,898

798,133

348,430

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

10,093

43,404

Amounts owed to group undertakings

135,648

-

Taxation and social security

17,766

50,313

Other creditors

-

45,011

163,507

138,728

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

31,990

32,539

Between one and five years

89,200

103,819

In more than five years

-

12,250

121,190

148,608

The operating lease commitments have been transferred to the Parent Company as part of the transfer of trade and assets. See note 11.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditor's Report was unqualified.

We draw attention to note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in note 2. Our opinion is not modified in respect of this matter.

Other matter - prior period financial statements

The financial statements of the company for the year ended 30 June 2024 were not audited. As part of our audit of the current year financial statements, we have considered whether the opening balances contain misstatements that materially affect the current period financial statements. Our opinion on the current year financial statements is not modified in respect of this matter.

Jacqueline Godden FCCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

10.	RELATED PARTY DISCLOSURES

During the period, total dividends of £64,800 (2024 - £86,400) were paid to the directors .

The directors receiving dividends were also the shareholders of the company prior to the acquisition by Dale Power Solutions Limited.

11.	ULTIMATE CONTROLLING PARTY

On 4th April 2025, the company was acquired by Dale Power Solutions Limited, the Parent Company. The Ultimate Controlling party is NVM III GP LLP. DEPS Holdings Limited is the largest and smallest group of undertakings for which consolidated group accounts are prepared which include the results of the Company. The registered office of DEPS Holdings Limited is Salter Road, Eastfield Industrial Estate, Scarborough, North Yorkshire, YO11 3DU.

12.	HIVE UP ACCOUNTING

On 31 December 2025, as part of an intra-group reorganisation following the acquisition of Calibre Power Electronics Limited by Dale Power Solutions Limited, the Company transferred its business, trade and assets to its parent undertaking, Dale Power Solutions Limited. The transfer included the assets and rights used in the business, including plant and machinery, stock, goodwill, intellectual property and relevant business contracts, with Dale Power Solutions Limited assuming the related liabilities and obligations, except for certain excluded assets and liabilities retained by the Company.

The transaction was undertaken to integrate the Calibre business into Dale Power Solutions Limited and streamline the Group's operations so that the combined activities are carried on within one operating company. Employees employed in the business immediately before the transfer transferred to Dale Power Solutions Limited under TUPE, and relevant customer and supplier contracts were transferred, novated or otherwise dealt with so that Dale Power Solutions Limited assumed the related rights and obligations where applicable.

The transfer has been accounted for at book value as a common control transaction, with the assets and liabilities transferred at book value. Following completion of the transfer, the directors intend to wind down the Company, including progressing strike-off or liquidation procedures as appropriate. Accordingly, the financial statements have been prepared on a basis other than going concern.