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REGISTERED NUMBER: 03482554 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Capix Limited

Capix Limited (Registered number: 03482554)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capix Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: N C Dean
A J Corbett





SECRETARY:





REGISTERED OFFICE: Woodbine Farm
Lutton
Peterborough
PE8 5ND





REGISTERED NUMBER: 03482554 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Capix Limited (Registered number: 03482554)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 77,080 92,495
Tangible assets 5 68,076 19,414
145,156 111,909

CURRENT ASSETS
Stocks 70,614 54,000
Debtors 6 123,569 112,120
Cash at bank 161,571 9,697
355,754 175,817
CREDITORS
Amounts falling due within one year 7 331,581 142,893
NET CURRENT ASSETS 24,173 32,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,329

144,833

CREDITORS
Amounts falling due after more than one year 8 (51,511 ) (46,263 )

PROVISIONS FOR LIABILITIES (11,424 ) (2,178 )
NET ASSETS 106,394 96,392

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 106,392 96,390
SHAREHOLDERS' FUNDS 106,394 96,392

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

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

Capix Limited (Registered number: 03482554)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





N C Dean - Director


Capix Limited (Registered number: 03482554)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Capix 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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.

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 10 (2022 - 7 ) .

Capix Limited (Registered number: 03482554)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 154,155
AMORTISATION
At 1 February 2022 61,660
Charge for year 15,415
At 31 January 2023 77,075
NET BOOK VALUE
At 31 January 2023 77,080
At 31 January 2022 92,495

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 37,854
Additions 72,907
At 31 January 2023 110,761
DEPRECIATION
At 1 February 2022 18,440
Charge for year 24,245
At 31 January 2023 42,685
NET BOOK VALUE
At 31 January 2023 68,076
At 31 January 2022 19,414

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 92,489 75,813
Amounts owed by group undertakings 31,080 35,807
Other debtors - 500
123,569 112,120

Capix Limited (Registered number: 03482554)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 7,647 -
Trade creditors 48,251 30,897
Amounts owed to group undertakings 42,926 10,000
Taxation and social security 46,228 33,031
Other creditors 176,529 68,965
331,581 142,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 26,667 46,263
Hire purchase contracts 24,844 -
51,511 46,263

9. OTHER FINANCIAL COMMITMENTS

Total future commitments at 31 January 2023 £62,970.

10. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of N C D Property Developments Limited. Mr N C Dean is the ultimate controlling party by virtue of his shareholding in N C D Property Developments Limited.