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REGISTERED NUMBER: 04528244 (England and Wales)















Financial Statements

for the Year Ended 31 December 2017

for

KALIBER MARKETING (HOLDINGS) LIMITED

KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Contents of the Financial Statements
for the year ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KALIBER MARKETING (HOLDINGS) LIMITED

Company Information
for the year ended 31 December 2017







Directors: D J Richards
E S Sheridan
B W Welsh



Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN



Registered number: 04528244 (England and Wales)



Auditors: Haines Watts Manchester Limited, Statutory Auditor
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN



Bankers: NatWest Bank plc
PO Box No 305
Spring Gardens
Manchester
M60 2DB



Solicitors: Daniels Solicitors
County Chambers
6 Chestergate
Macclesfield
Cheshire
SK11 6BA

KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Balance Sheet
31 December 2017

2017 2016
Notes £ £ £ £
Fixed assets
Intangible assets 5 322,157 387,544
Tangible assets 6 687,441 273,392
Investments 7 1,218,655 -
2,228,253 660,936

Current assets
Stocks 626,312 551,418
Debtors 8 1,173,871 1,462,138
Cash at bank and in hand 161,983 177,350
1,962,166 2,190,906
Creditors
Amounts falling due within one year 9 2,836,452 1,908,299
Net current (liabilities)/assets (874,286 ) 282,607
Total assets less current liabilities 1,353,967 943,543

Creditors
Amounts falling due after more than one
year

10

(506,873

)

(91,311

)

Provisions for liabilities (30,000 ) (30,000 )
Net assets 817,094 822,232

Capital and reserves
Called up share capital 14,300 14,300
Share premium 119,925 119,925
Capital redemption reserve 20,000 20,000
Retained earnings 662,869 668,007
Shareholders' funds 817,094 822,232

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2018 and were signed on its behalf
by:





D J Richards - Director


KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Notes to the Financial Statements
for the year ended 31 December 2017


1. Statutory information

Kaliber Marketing (Holdings) Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information
page.

2. Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Kaliber Marketing (Holdings) Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company is exempt
under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial
statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will,
by definition, seldom equal the related actual results. The estimates and assumptions which have a significant
risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year
are addressed below.

i) Stock provisions
Certain of the company's products are subject to changing consumer demands. As a result it is necessary to
consider the recoverability of the cost of stocks and the associated provision required. When calculating the
provision management considers the nature and condition of the stocks, as well as applying assumptions around
the saleability of finished goods and future usage of raw materials.

ii) Impairment of goodwill
The company considers whether goodwill is impaired. Where an indication of impairment is identified the
estimation of recoverable value requires estimation of the recoverable value of the businesses. This requires
estimation of the future cash flows from the businesses and also selection of appropriate discount rates in order
to calculate the net present value of those cash flows.

Going concern
The company made a net profit of £77,453 for the year ended 31 December 2017 but at that date had net
current liabilities of £874,286. The company is dependent, in the absence of other funding, on the continued
support of its subsidiary, Universal Arches Limited, the bank and key suppliers. All have confirmed their
commitment to provide the necessary support.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that might be necessary if the directors, its subsidiary
and key suppliers were not to provide further support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

The company recognises turnover on delivery of goods to customers

KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


3. Accounting policies - continued

Goodwill
Goodwill, being the amount paid in connection with the acquisition of separate businesses in 2002 and 2014, is
being amortised evenly over their estimated useful lives of twenty and ten years respectively.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition
for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured
at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying
amount and the present value of the estimated cash flows discounted at the asset's original effective interest
rate. The impairment loss is recognised in the profit or loss.

There are no assets which are initially measured at fair value.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised
the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the
carrying amount would have been had the impairment not previously been recognised. The impairment reversal
is recognised in profit and loss.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and bank loans that are classified as debt, are
initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the
debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the
lease expense, on a straight-line basis over the period of the lease.

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.

4. Employees and directors

The average number of employees during the year was 89 (2016 - 78 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2017
and 31 December 2017 1,215,328
Amortisation
At 1 January 2017 827,784
Charge for year 65,387
At 31 December 2017 893,171
Net book value
At 31 December 2017 322,157
At 31 December 2016 387,544

KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


6. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2017 934,410
Additions 578,153
Disposals (31,500 )
At 31 December 2017 1,481,063
Depreciation
At 1 January 2017 661,018
Charge for year 164,104
Eliminated on disposal (31,500 )
At 31 December 2017 793,622
Net book value
At 31 December 2017 687,441
At 31 December 2016 273,392

7. Fixed asset investments
Shares in
group
undertakings
£
Cost
Additions 1,218,655
At 31 December 2017 1,218,655
Net book value
At 31 December 2017 1,218,655

8. Debtors: amounts falling due within one year
2017 2016
£ £
Trade debtors 647,284 993,473
Other debtors 526,587 468,665
1,173,871 1,462,138

9. Creditors: amounts falling due within one year
2017 2016
£ £
Bank loans and overdrafts 676,021 150,000
Hire purchase contracts (see note 11) 137,604 69,261
Trade creditors 1,204,891 1,243,439
Amounts owed to group undertakings 499,400 -
Taxation and social security 149,488 262,057
Other creditors 169,048 183,542
2,836,452 1,908,299

KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


10. Creditors: amounts falling due after more than one year
2017 2016
£ £
Bank loans 171,137 -
Hire purchase contracts (see note 11) 335,736 91,311
506,873 91,311

11. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2017 2016
£ £
Net obligations repayable:
Within one year 137,604 69,261
Between one and five years 335,736 91,311
473,340 160,572

Non-cancellable
operating leases
2017 2016
£ £
Within one year 192,895 136,522
Between one and five years 740,603 760,816
In more than five years 673,228 841,535
1,606,726 1,738,873

12. Secured debts

The following secured debts are included within creditors:

2017 2016
£ £
Bank overdraft 579,283 -
Bank loans 267,875 150,000
Hire purchase contracts 473,340 160,572
1,320,498 310,572

The bank overdraft and bank loans are secured by debentures over the assets of the company. The hire
purchase contracts are secured over the assets to which they relate.

13. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts Manchester Limited, Statutory Auditor

KALIBER MARKETING (HOLDINGS) LIMITED (REGISTERED NUMBER: 04528244)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


14. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2017 and
31 December 2016:

2017 2016
£ £
D J Richards
Balance outstanding at start of year (66,626 ) (246,564 )
Amounts advanced 196,626 179,938
Amounts repaid (130,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (66,626 )

The above loan is interest free.

15. Related party disclosures

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.

One of the directors has given a personal guarantee amounting to £100,000 in respect of the bank loan.

16. Post balance sheet events

A director resigned on 12 February 2018 and, as a result, the company will purchase his shareholding. The
consideration is yet to be determined.

17. Pension schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents
contributions payable by the company to the scheme and amounted to £16,390 (2016 - £114,691).

Contributions totalling £nil (2016 - £1,163) were payable to the scheme at the end of the year and are included in
creditors.