Company Registration No. SC417339 (Scotland)
Calculo Ltd
Unaudited accounts
for the year ended 28 February 2023
Calculo Ltd
Unaudited accounts
Contents
Calculo Ltd
Company Information
for the year ended 28 February 2023
Company Number
SC417339 (Scotland)
Registered Office
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
United Kingdom
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
Calculo Ltd
Statement of financial position
as at 28 February 2023
Intangible assets
951
1,056
Tangible assets
9,856
10,598
Cash at bank and in hand
10,740
63,301
Creditors: amounts falling due within one year
(26,888)
(23,073)
Net current assets
14,857
41,848
Total assets less current liabilities
25,664
53,502
Creditors: amounts falling due after more than one year
(12,247)
(36,485)
Called up share capital
2
2
Profit and loss account
13,415
17,015
Shareholders' funds
13,417
17,017
For the year ending 28 February 2023 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 30 June 2023 and were signed on its behalf by
Mr Ryan Jenkins
Director
Company Registration No. SC417339
Calculo Ltd
Notes to the Accounts
for the year ended 28 February 2023
Calculo Ltd is a private company, limited by shares, registered in Scotland, registration number SC417339. The registered office is Red Tree Magenta, 270 Glasgow Road, Glasgow, G73 1SA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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.
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.
Calculo Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
208
1,072
11,605
12,885
At 28 February 2023
208
1,072
11,958
13,238
At 1 March 2022
57
272
1,958
2,287
Charge for the year
15
80
1,000
1,095
At 28 February 2023
72
352
2,958
3,382
At 28 February 2023
136
720
9,000
9,856
At 28 February 2022
151
800
9,647
10,598
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,750
1,275
Taxes and social security
14,284
11,494
Calculo Ltd
Notes to the Accounts
for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
8
22,033
9
Average number of employees
During the year the average number of employees was 6 (2022: 5).