Calvert Services Limited Filleted accounts for Companies House (small and micro)

CALVERT SERVICES LIMITED - Company Information

0 false false false false false false false false false true false false false false true true true No description of principal activity 2019-08-07 Sage Accounts Production Advanced 2020 - FRS102_2019 434,970 434,970 4,350 4,350 430,620 xbrli:pure xbrli:shares iso4217:GBP 12144610 2019-08-07 2020-03-31 12144610 2020-03-31 12144610 bus:Director1 2019-08-07 2020-03-31 12144610 bus:Director2 2019-08-07 2020-03-31 12144610 core:LandBuildings core:OwnedOrFreeholdAssets 2020-03-31 12144610 core:LandBuildings core:OwnedOrFreeholdAssets 2019-08-07 2020-03-31 12144610 core:AfterOneYear 2020-03-31 12144610 core:WithinOneYear 2020-03-31 12144610 core:ShareCapital 2020-03-31 12144610 core:RetainedEarningsAccumulatedLosses 2020-03-31 12144610 bus:Director1 2020-03-31 12144610 bus:Director2 2020-03-31 12144610 bus:SmallEntities 2019-08-07 2020-03-31 12144610 bus:AuditExempt-NoAccountantsReport 2019-08-07 2020-03-31 12144610 bus:FullAccounts 2019-08-07 2020-03-31 12144610 bus:SmallCompaniesRegimeForAccounts 2019-08-07 2020-03-31 12144610 bus:PrivateLimitedCompanyLtd 2019-08-07 2020-03-31

COMPANY REGISTRATION NUMBER: 12144610

Calvert Services Limited

Filleted Unaudited Financial Statements

31 March 2020

Calvert Services Limited

Statement of Financial Position

31 March 2020

	31 Mar 20
Note	£

Fixed assets

Tangible assets	4	430,620

Current assets

Cash at bank and in hand	3,230

Creditors: amounts falling due within one year	5	161,329
		---------
Net current liabilities		158,099
		---------
Total assets less current liabilities		272,521

Creditors: amounts falling due after more than one year	6	325,109
		---------
Net liabilities		( 52,588)
		---------

Capital and reserves

Called up share capital	100
Profit and loss account	( 52,688)
	--------
Shareholders deficit	( 52,588)
	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Calvert Services Limited

Statement of Financial Position (continued)

31 March 2020

These financial statements were approved by the board of directors and authorised for issue on 21 December 2020 , and are signed on behalf of the board by:

Dr J Calvert

Director

Company registration number: 12144610

Calvert Services Limited

Notes to the Financial Statements

Period from 7 August 2019 to 31 March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3a Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Freehold property	-	Straight line over 50 years

4. Tangible assets

	Freehold property
	£
Cost
At 7 August 2019	–
Additions	434,970
	---------
At 31 March 2020	434,970
	---------
Depreciation
At 7 August 2019	–
Charge for the period	4,350
	---------
At 31 March 2020	4,350
	---------
Carrying amount
At 31 March 2020	430,620
	---------

5. Creditors: amounts falling due within one year

	31 Mar 20
	£
Other creditors	161,329
	---------

6. Creditors: amounts falling due after more than one year

	31 Mar 20
	£
Bank loans and overdrafts	325,109
	---------

7. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	31 Mar 20
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Dr J Calvert	–	( 80,665)	( 80,665)
Dr JK Calvert	–	( 80,664)	( 80,664)
	----	---------	---------
	–	( 161,329)	( 161,329)
	----	---------	---------