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REGISTERED NUMBER: 02220410 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Capital Veneer Company Limited

Capital Veneer Company Limited (Registered number: 02220410)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Capital Veneer Company Limited

Company Information
for the Year Ended 31st March 2023







Directors: L J Crispin
M Crispin
L Crispin





Registered office: Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX





Registered number: 02220410 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

Capital Veneer Company Limited (Registered number: 02220410)

Abridged Balance Sheet
31st March 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 115,408 39,722

Current assets
Stocks 1,500,362 1,176,964
Debtors 469,225 661,585
Cash at bank and in hand 110,557 196,069
2,080,144 2,034,618
Creditors
Amounts falling due within one year (1,153,803 ) (1,179,393 )
Net current assets 926,341 855,225
Total assets less current liabilities 1,041,749 894,947

Provisions for liabilities (25,941 ) (99 )
Net assets 1,015,808 894,848

Capital and reserves
Called up share capital 503 503
Share premium 192,750 192,750
Retained earnings 822,555 701,595
Shareholders' funds 1,015,808 894,848

Capital Veneer Company Limited (Registered number: 02220410)

Abridged Balance Sheet - continued
31st March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of income and retained earnings and an abridged Balance sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th October 2023 and were signed on its behalf by:





M Crispin - Director


Capital Veneer Company Limited (Registered number: 02220410)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. Statutory information

Capital Veneer Company 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.

These statutory accounts replace the ones which were previously filed and are prepared as they were at the date of the original accounts.

2. Accounting policies

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

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

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 etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Capital Veneer Company Limited (Registered number: 02220410)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. 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.

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.

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.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 10 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st April 2022 358,326
Additions 139,635
Disposals (333,786 )
At 31st March 2023 164,175
Depreciation
At 1st April 2022 318,604
Charge for year 34,704
Eliminated on disposal (304,541 )
At 31st March 2023 48,767
Net book value
At 31st March 2023 115,408
At 31st March 2022 39,722