Abbreviated Company Accounts - CALTEQ LIMITED

04908083 CALTEQ LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 04908083 2015-03-01 2016-02-29 04908083 2016-02-29 04908083 2015-02-28 04908083 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 04908083 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass2 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass3 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass3 2015-02-28 iso4217:GBP shares

Registered Number 04908083

CALTEQ LIMITED

Abbreviated Accounts

29 February 2016

CALTEQ LIMITED Registered Number 04908083

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	23,083	32,431
Investments	4	10	10
		23,093	32,441
Current assets
Debtors		275,723	348,535
Cash at bank and in hand		19,585	54,037
		295,308	402,572
Creditors: amounts falling due within one year		(261,215)	(368,803)
Net current assets (liabilities)		34,093	33,769
Total assets less current liabilities		57,186	66,210
Creditors: amounts falling due after more than one year		0	(10,695)
Total net assets (liabilities)		57,186	55,515
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		57,086	55,415
Shareholders' funds		57,186	55,515

For the year ending 29 February 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 November 2016

And signed on their behalf by:
Mr M J Stephenson, Director

CALTEQ LIMITED Registered Number 04908083

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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

Goodwill - in year of acquisition

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property - over 5 years
Equipment - 25% reducing balance

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Intangible fixed assets

	£
Cost
At 1 March 2015	9,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	9,000
Amortisation
At 1 March 2015	9,000
Charge for the year	-
On disposals	-
At 29 February 2016	9,000
Net book values
At 29 February 2016	0
At 28 February 2015	0

3Tangible fixed assets

	£
Cost
At 1 March 2015	132,619
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	132,619
Depreciation
At 1 March 2015	100,188
Charge for the year	9,348
On disposals	-
At 29 February 2016	109,536
Net book values
At 29 February 2016	23,083
At 28 February 2015	32,431

4Fixed assets Investments
Cost
At 1 March 2015 & at 29 February 2016 £10

Net Book Value
At 29 February 2016 £10

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
25 A Ordinary shares of £1 each	25	25
50 B Ordinary shares of £1 each	50	50
25 C Ordinary shares of £1 each	25	25