REGISTERED NUMBER: 05587311 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Callabys Store Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Callaby

Mrs V M Callaby

SECRETARY:

J Callaby

REGISTERED OFFICE:

72 Hamilton Road

Alford

LN13 9AX

REGISTERED NUMBER:

05587311 (England and Wales)

FIXED ASSETS

Tangible assets

4

369,320

350,320

CURRENT ASSETS

Stocks

118,250

75,000

Debtors

5

26,651

96,306

Cash at bank and in hand

52,752

73,008

197,653

244,314

CREDITORS

Amounts falling due within one year

6

207,771

202,748

NET CURRENT (LIABILITIES)/ASSETS

(10,118

)

41,566

TOTAL ASSETS LESS CURRENT LIABILITIES

359,202

391,886

CREDITORS

Amounts falling due after more than one year

7

(275,771

)

(245,782

)

PROVISIONS FOR LIABILITIES

(34,345

)

(40,335

)

NET ASSETS

49,086

105,769

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

60,750

60,750

Retained earnings

(11,764

)

44,919

49,086

105,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 7 November 2025 and were signed on its behalf by:

J Callaby - Director

1.	STATUTORY INFORMATION

Callabys Store Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Land and buildings

-

5% on reducing balance and 2% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. They are valued on an average cost basis.

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.

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 year was 10 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

287,545

167,676

455,221

Additions

-

50,462

50,462

At 31 March 2025

287,545

218,138

505,683

DEPRECIATION

At 1 April 2024

23,832

81,069

104,901

Charge for year

4,367

27,095

31,462

At 31 March 2025

28,199

108,164

136,363

NET BOOK VALUE

At 31 March 2025

259,346

109,974

369,320

At 31 March 2024

263,713

86,607

350,320

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

Plant and

machinery

etc

£

COST

At 1 April 2024

21,094

Additions

50,046

At 31 March 2025

71,140

DEPRECIATION

At 1 April 2024

5,274

Charge for year

16,466

At 31 March 2025

21,740

NET BOOK VALUE

At 31 March 2025

49,400

At 31 March 2024

15,820

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

26,651

96,306

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

20,263

38,636

Hire purchase contracts (see note 8)

8,778

3,665

Trade creditors

96,809

86,670

Taxation and social security

76,720

68,456

Other creditors

5,201

5,321

207,771

202,748

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

163,272

148,258

Hire purchase contracts (see note 8)

43,361

13,571

Other creditors

69,138

83,953

275,771

245,782

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

73,141

-

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

8,778

3,665

Between one and five years

43,361

13,571

52,139

17,236

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire Purchase Contracts

52,139

17,236

Other loans

110,641

45,000

162,780

62,236

Amounts included within hire purchase and other loans are secured on the assets they relate to.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

60,750

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J Callaby

Balance outstanding at start of year

66,833

106,047

Amounts advanced

19,071

8,451

Amounts repaid

(85,904

)

(47,665

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

66,833

31.3.2025

31.3.2024

£

£

Maximum balance during the year

66,833

106,047

Interest charged at 2.25%

944

1,955

The above loan is unsecured, interest has been charged at the beneficial loan interest rate and the loan is repayable on demand.