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REGISTERED NUMBER: 04262158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

CAPRICORN DETERGENTS LIMITED

CAPRICORN DETERGENTS LIMITED (REGISTERED NUMBER: 04262158)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPRICORN DETERGENTS LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr Nureddin Ahmet
Mrs Joan Cecille Ahmet





REGISTERED OFFICE: 64 Bilton Way
Luton
Bedfordshire
LU1 1UU





REGISTERED NUMBER: 04262158 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

CAPRICORN DETERGENTS LIMITED (REGISTERED NUMBER: 04262158)

Balance Sheet
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,104 181,619

CURRENT ASSETS
Stocks 116,350 101,700
Debtors 5 317,421 235,480
Cash at bank and in hand 122,859 126,226
556,630 463,406
CREDITORS
Amounts falling due within one year 6 505,858 451,950
NET CURRENT ASSETS 50,772 11,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,876

193,075

CREDITORS
Amounts falling due after more than one
year

7

(34,118

)

(44,153

)

PROVISIONS FOR LIABILITIES 8 (24,406 ) (27,351 )
NET ASSETS 154,352 121,571

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 154,350 121,569
SHAREHOLDERS' FUNDS 154,352 121,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

CAPRICORN DETERGENTS LIMITED (REGISTERED NUMBER: 04262158)

Balance Sheet - continued
31 DECEMBER 2022


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:




Mr Nureddin Ahmet - Director



Mrs Joan Cecille Ahmet - Director


CAPRICORN DETERGENTS LIMITED (REGISTERED NUMBER: 04262158)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Capricorn Detergents 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. 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Short leasehold - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 Profit & 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.

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.

CAPRICORN DETERGENTS LIMITED (REGISTERED NUMBER: 04262158)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

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 13 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2022 38,710 142,345 79,755
Additions - 4,611 -
At 31 December 2022 38,710 146,956 79,755
DEPRECIATION
At 1 January 2022 1,838 25,388 72,971
Charge for year 3,871 14,696 1,357
At 31 December 2022 5,709 40,084 74,328
NET BOOK VALUE
At 31 December 2022 33,001 106,872 5,427
At 31 December 2021 36,872 116,957 6,784

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 51,183 10,702 322,695
Additions - - 4,611
At 31 December 2022 51,183 10,702 327,306
DEPRECIATION
At 1 January 2022 37,027 3,852 141,076
Charge for year 2,832 1,370 24,126
At 31 December 2022 39,859 5,222 165,202
NET BOOK VALUE
At 31 December 2022 11,324 5,480 162,104
At 31 December 2021 14,156 6,850 181,619

CAPRICORN DETERGENTS LIMITED (REGISTERED NUMBER: 04262158)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 200,555 91,577
Other debtors 12,975 12,975
Capricorn Detergen Finance-int 40,200 61,800
Funding circle loan interest 18,163 -
VAT - 3,740
Prepayments 45,528 65,388
317,421 235,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 120,271 33,010
Trade creditors 134,669 217,465
Tax - 608
Social security and other taxes 31,999 6,354
Pension 5,556 2,367
VAT 21,217 -
Directors' current accounts 192,146 192,146
505,858 451,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans - 1-2 years 34,118 44,153

8. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 24,406 27,351

Deferred
tax
£   
Balance at 1 January 2022 27,351
Credit to Profit & Loss Account during year (2,945 )
Balance at 31 December 2022 24,406

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
2 Ordinary shares £1 2 2