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Company Registration No. 07379492 (England and Wales)
Capital Drainage Ltd Unaudited accounts for the year ended 31 March 2023
Capital Drainage Ltd Unaudited accounts Contents
Page
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Capital Drainage Ltd Company Information for the year ended 31 March 2023
Directors
Angela AMBROSE Johnathon AMBROSE
Company Number
07379492 (England and Wales)
Registered Office
WINTON HOUSE WINTON SQUARE BASINGSTOKE HAMPSHIRE RG21 8EN United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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Capital Drainage Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
13,000 
Tangible assets
94,070 
58,644 
94,070 
71,644 
Current assets
Debtors
110,966 
54,813 
Cash at bank and in hand
476,801 
428,970 
587,767 
483,783 
Creditors: amounts falling due within one year
(84,943)
(92,106)
Net current assets
502,824 
391,677 
Net assets
596,894 
463,321 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
596,889 
463,316 
Shareholders' funds
596,894 
463,321 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2023 and were signed on its behalf by
Angela AMBROSE Director Company Registration No. 07379492
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Capital Drainage Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Capital Drainage Ltd is a private company, limited by shares, registered in England and Wales, registration number 07379492. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, HAMPSHIRE, RG21 8EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Capital Drainage Ltd Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
130,000 
At 31 March 2023
130,000 
Amortisation
At 1 April 2022
117,000 
Charge for the year
13,000 
At 31 March 2023
130,000 
Net book value
At 31 March 2023
- 
At 31 March 2022
13,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
58,928 
129,367 
13,747 
202,042 
Additions
- 
69,603 
- 
69,603 
Disposals
- 
(2,819)
- 
(2,819)
At 31 March 2023
58,928 
196,151 
13,747 
268,826 
Depreciation
At 1 April 2022
47,677 
83,725 
11,996 
143,398 
Charge for the year
2,813 
28,107 
438 
31,358 
At 31 March 2023
50,490 
111,832 
12,434 
174,756 
Net book value
At 31 March 2023
8,438 
84,319 
1,313 
94,070 
At 31 March 2022
11,251 
45,642 
1,751 
58,644 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
110,966 
54,902 
Accrued income and prepayments
- 
(89)
110,966 
54,813 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,807 
5,735 
Taxes and social security
71,429 
85,914 
Loans from directors
6,707 
457 
84,943 
92,106 
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Capital Drainage Ltd Notes to the Accounts for the year ended 31 March 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Angela AMBROSE
Loan to director
5,688 
- 
- 
5,688 
5,688 
- 
- 
5,688 
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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