Capstone Headwaters Limited 08318947 false 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is financial consultancy Digita Accounts Production Advanced 6.30.9574.0 true 08318947 2021-01-01 2021-12-31 08318947 2021-12-31 08318947 bus:OrdinaryShareClass1 2021-12-31 08318947 core:CurrentFinancialInstruments 2021-12-31 08318947 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 08318947 core:OfficeEquipment 2021-12-31 08318947 bus:SmallEntities 2021-01-01 2021-12-31 08318947 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 08318947 bus:FullAccounts 2021-01-01 2021-12-31 08318947 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 08318947 bus:RegisteredOffice 2021-01-01 2021-12-31 08318947 bus:Director1 2021-01-01 2021-12-31 08318947 bus:Director2 2021-01-01 2021-12-31 08318947 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 08318947 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08318947 core:OfficeEquipment 2021-01-01 2021-12-31 08318947 countries:AllCountries 2021-01-01 2021-12-31 08318947 2020-12-31 08318947 core:OfficeEquipment 2020-12-31 08318947 2020-01-01 2020-12-31 08318947 2020-12-31 08318947 bus:OrdinaryShareClass1 2020-12-31 08318947 core:CurrentFinancialInstruments 2020-12-31 08318947 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 08318947 core:OfficeEquipment 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08318947

Capstone Headwaters Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Capstone Headwaters Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Capstone Headwaters Limited

Company Information

Directors

Mr John Peter Lawrence Snead

Mrs Fawzia Naz Snead

Registered office

The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

Accountants

David Jones & Co 2018 Limited
Accountants
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

 

Capstone Headwaters Limited

(Registration number: 08318947)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

5,897

6,473

Current assets

 

Debtors

5

214,097

19,988

Cash at bank and in hand

 

59,833

332,566

 

273,930

352,554

Creditors: Amounts falling due within one year

6

(73,704)

(317,896)

Net current assets

 

200,226

34,658

Net assets

 

206,123

41,131

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

206,023

41,031

Shareholders' funds

 

206,123

41,131

For the financial year ending 31 December 2021 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 June 2022 and signed on its behalf by:
 

.........................................
Mr John Peter Lawrence Snead
Director

 

Capstone Headwaters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

These financial statements were authorised for issue by the Board on 30 June 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Capstone Headwaters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Capstone Headwaters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 4).

 

Capstone Headwaters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2021

15,480

15,480

Additions

1,390

1,390

At 31 December 2021

16,870

16,870

Depreciation

At 1 January 2021

9,007

9,007

Charge for the year

1,966

1,966

At 31 December 2021

10,973

10,973

Carrying amount

At 31 December 2021

5,897

5,897

At 31 December 2020

6,473

6,473

5

Debtors

Current

2021
£

2020
£

Trade debtors

162,480

328

Prepayments

-

720

Other debtors

51,617

18,940

 

214,097

19,988

6

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Trade creditors

1,779

297,684

Taxation and social security

70,442

19,950

Accruals and deferred income

1,400

-

Other creditors

83

262

73,704

317,896

 

Capstone Headwaters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100