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
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
Capital Drainage Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
-
13,000
Tangible assets
94,070
58,644
Cash at bank and in hand
476,801
428,970
Creditors: amounts falling due within one year
(84,943)
(92,106)
Net current assets
502,824
391,677
Net assets
596,894
463,321
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
Capital Drainage Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Capital Drainage Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
Charge for the year
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
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
At 31 March 2023
8,438
84,319
1,313
94,070
At 31 March 2022
11,251
45,642
1,751
58,644
Amounts falling due within one year
Trade debtors
110,966
54,902
Accrued income and prepayments
-
(89)
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
Capital Drainage Ltd
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
5,688
-
-
5,688
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).