Abbreviated Company Accounts - CALTEQ LIMITED

04908083 CALTEQ LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 04908083 2013-03-01 2014-02-28 04908083 2014-02-28 04908083 2013-02-28 04908083 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 04908083 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2013-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2013-02-28 iso4217:GBP shares

Registered Number 04908083

CALTEQ LIMITED

Abbreviated Accounts

28 February 2014

CALTEQ LIMITED Registered Number 04908083

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	27,003	35,058
Investments	3	10	10
		27,013	35,068
Current assets
Debtors		217,449	203,142
Cash at bank and in hand		61,074	91,482
		278,523	294,624
Creditors: amounts falling due within one year		(236,597)	(229,391)
Net current assets (liabilities)		41,926	65,233
Total assets less current liabilities		68,939	100,301
Creditors: amounts falling due after more than one year		(22,361)	0
Total net assets (liabilities)		46,578	100,301
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		46,478	100,201
Shareholders' funds		46,578	100,301

For the year ending 28 February 2014 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 6 November 2014

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

CALTEQ LIMITED Registered Number 04908083

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation 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:

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

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.

TRANSACTIONS WITH THE DIRECTORS
As at 28 February 2014, the directors' loan accounts were overdrawn by £59,192 (2013: £37,473). The maximum outstanding during the year was £59,192 (2013: £50,661). The loans are interest free and repayable on demand. The directors' loan accounts were repaid in full on 6 April 2014.

2Tangible fixed assets

	£
Cost
At 1 March 2013	114,659
Additions	895
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	115,554
Depreciation
At 1 March 2013	79,601
Charge for the year	8,950
On disposals	-
At 28 February 2014	88,551
Net book values
At 28 February 2014	27,003
At 28 February 2013	35,058

3Fixed assets Investments
Investments - £ - COST

At 1 March 2013: 10
Additions: –
-----------------------------------
At 28 February 2014: 10
====================

DEPRECIATION
At 1 March 2013: –
Charge for year: –
------------------------------------
At 28 February 2014: –
=====================

NET BOOK VALUE
At 28 February 2014: 10
======================
At 28 February 2013: 10
======================

The company owns 100% of the issued share capital of Calteq Mobile Limited, a company registered in England and Wales.

The company is dormant. It's net assets at 30 April 2014 were £10.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
25 A Ordinary shares of £1 each (50 shares for 2013)	25	50
50 B Ordinary shares of £1 each	50	50
25 C Ordinary shares of £1 each (0 shares for 2013)	25	0