Calmor Limited - Accounts to registrar - small 16.3d
Calmor Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
| FOR |
| CALMOR LIMITED |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CALMOR LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 80 Victoria Road |
| Darlington |
| County Durham |
| DL1 5JG |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| BALANCE SHEET |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| BALANCE SHEET - continued |
| 31 December 2016 |
| 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 on |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Calmor Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis. Despite the fact that the company has an |
| insolvent balance sheet, the directors consider that this basis is appropriate following due consideration of the |
| present financial position, the expected prospects of the company during the twelve months from the date of |
| approval of these financial statements and the continued support of the company's directors, bankers and parent |
| company during this time. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| 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 |
| Freehold property | - |
| Plant and machinery | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current 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 taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
| substantively enacted by the balance sheet date. |
| 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. |
| Grants |
| Grants receivable in respect of tangible fixed assets are treated as deferred income, which is credited to the profit |
| and loss account over the estimated economic lives of the related assets. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Computer |
| property | machinery | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2016 |
| and 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 5. | FIXED ASSET INVESTMENTS |
| 2016 | 2015 |
| £ | £ |
| Shares in group undertakings |
| Participating interests |
| Loans to undertakings in which the company has a participating interest |
| Additional information is as follows: |
| Interest |
| Shares in | in other |
| group | participating |
| undertakings | interests | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2016 | 123 | 47,868 |
| Impairments | ( |
) | - | (47,743 | ) |
| At 31 December 2016 | 123 | 125 |
| NET BOOK VALUE |
| At 31 December 2016 | 123 | 125 |
| At 31 December 2015 | 123 | 47,868 |
| Loans to |
| other |
| participating |
| interests |
| £ |
| At 1 January 2016 |
| New in year |
| At 31 December 2016 |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 924 | - |
| Other creditors |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans - > 5 years |
| Amounts owed to group undertakings |
| Directors' loan accounts | 3,704,790 | 4,271,982 |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans - > 5 years | 268,577 | 316,663 |
| CALMOR LIMITED (REGISTERED NUMBER: 06795603) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2016 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| Barclays Bank plc holds fixed and floating charges over the assets of Calmor Limited and of its subsidiary |
| William Coulthard and Company Limited. |
| Tees Valley Catalyst Fund L.P. acting by way of its general partner Tvupb Limited, acting by Fw Capital Limited |
| holds fixed and floating charges over the assets of Calmor Limited and of its subsidiary William Coulthard and |
| Company Limited |
| 10. | RELATED PARTY DISCLOSURES |
| William Coulthard and Company Limited and Airfins Limited, private companies limited by shares and |
| registered in England and Wales, are wholly owned subsidiaries of Calmor Limited. Airfins Limited went into |
| liquidation on 4 March 2015. |
| Included within creditors due after more than one year are balances of £2,003,251 (2015: £2,245,442) and |
| £1,701,540 (2015: £2,026,540) due to the directors. There are no terms for repayment or interest accruing on |
| these balances. |
| Included within trade creditors are balances owed of £286 (2015: £670) and £392 (2015: £362) due to the |
| directors in relation to travel expenses incurred. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company has no ultimate controlling party. |