REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 June 2020 |
|
for |
|
Kaliber Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 June 2020 |
|
for |
|
Kaliber Limited |
Kaliber Limited (Registered number: 03233872) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Kaliber Limited |
|
Company Information |
for the Year Ended 30 June 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants, |
2 Cricklade Court |
Old Town |
Swindon |
Wiltshire |
SN1 3EY |
Kaliber Limited (Registered number: 03233872) |
|
Balance Sheet |
30 June 2020 |
|
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks | 6 |
|
|
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Capital redemption reserve |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Kaliber Limited (Registered number: 03233872) |
|
Balance Sheet - continued |
30 June 2020 |
|
|
|
|
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
|
|
|
|
|
|
|
|
Kaliber Limited (Registered number: 03233872) |
|
Notes to the Financial Statements |
for the Year Ended 30 June 2020 |
|
1. | STATUTORY INFORMATION |
|
Kaliber Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
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 |
|
Improvements to property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Provision is made at current rates in respect of all material timing differences. |
Kaliber Limited (Registered number: 03233872) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
2. | ACCOUNTING POLICIES - continued |
|
Financial instruments |
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
Additions |
|
At 30 June 2020 |
|
AMORTISATION |
Amortisation for year |
|
At 30 June 2020 |
|
NET BOOK VALUE |
At 30 June 2020 |
|
|
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 July 2019 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) | ( |
) | ( |
) |
At 30 June 2020 |
|
|
|
DEPRECIATION |
At 1 July 2019 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30 June 2020 |
|
|
|
NET BOOK VALUE |
At 30 June 2020 |
|
|
|
At 30 June 2019 |
|
|
|
Kaliber Limited (Registered number: 03233872) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2019 |
|
|
|
Additions |
|
|
|
Disposals |
|
( |
) | ( |
) |
At 30 June 2020 |
|
|
|
DEPRECIATION |
At 1 July 2019 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
( |
) | ( |
) |
At 30 June 2020 |
|
|
|
NET BOOK VALUE |
At 30 June 2020 |
|
|
|
At 30 June 2019 |
|
|
|
|
6. | STOCKS |
2020 | 2019 |
£ | £ |
Stocks |
|
|
Work in Progress |
|
|
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade Debtors |
|
|
Other Debtors |
|
|
Company Credit Card | 62 | 1,714 |
Employee Loan Account | 4,683 | 3,700 |
Directors' current accounts | 78,854 | 17,348 |
Tax |
|
|
Prepayments |
|
|
|
|
Kaliber Limited (Registered number: 03233872) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade Creditors |
|
|
Social security and other taxes |
|
|
VAT | 245,987 | 146,775 |
Barclays Invoice Discounting |
|
|
Other Creditors | - | 37,205 |
Pension Fund | 9,231 | 8,630 |
Accruals |
|
|
|
|
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2020 | 2019 |
£ | £ |
Bank overdrafts |
|
|
|
The bank overdraft and business development loan are secured by a fixed and floating charge over the assets of the company. |
|
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
At 30 June 2020, the company was owed the sum of £78,489 by L Ponting (2019 - £17,348). |
|
Interest was charged at HMRC's official rate on the overdrawn loan balance arising during the year. |
|
11. | GOING CONCERN |
|
As with all businesses, it is difficult to fully predict the effect that COVID-19 will have on the company in the next 12 months, but based on the information available, the directors believe that the company is well placed to manage its financing and other business risks satisfactorily and have a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months from the signing date of these financial statements. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. |