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REGISTERED NUMBER: OC325220 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CAPTIVE CLOSURES LLP

CAPTIVE CLOSURES LLP (REGISTERED NUMBER: OC325220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPTIVE CLOSURES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: R M Chadwick
Mrs S A Chadwick



REGISTERED OFFICE: Burma Road
Blidworth Industrial Park
Blidworth
Nottinghamshire
NG21 0RT



REGISTERED NUMBER: OC325220 (England and Wales)



ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR



BANKERS: National Westminster Plc
Sutton & Kirkby Branch
Portland Square
Sutton in Ashfield
Nottinghamshire
NG17 1BA

CAPTIVE CLOSURES LLP (REGISTERED NUMBER: OC325220)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 130,385 154,380
130,385 154,380

CURRENT ASSETS
Stocks 54,819 51,471
Debtors 6 256,374 180,628
Cash at bank and in hand 291,738 252,924
602,931 485,023
CREDITORS
Amounts falling due within one year 7 144,618 88,926
NET CURRENT ASSETS 458,313 396,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,698

550,477

CREDITORS
Amounts falling due after more than one
year

8

10,321

10,905
NET ASSETS ATTRIBUTABLE TO
MEMBERS

578,377

539,572

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

578,377

539,572

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 578,377 539,572

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

CAPTIVE CLOSURES LLP (REGISTERED NUMBER: OC325220)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 July 2023 and were signed by:





R M Chadwick - Designated member

CAPTIVE CLOSURES LLP (REGISTERED NUMBER: OC325220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Captive Closures LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 2008, 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.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - 12 ).

CAPTIVE CLOSURES LLP (REGISTERED NUMBER: OC325220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 117,840
AMORTISATION
At 1 April 2022
and 31 March 2023 117,840
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Office
Plant and Motor equipment
machinery Tooling vehicles & furniture Totals
£    £    £    £    £   
COST
At 1 April 2022 203,755 197,567 22,579 19,183 443,084
Additions 470 - - 700 1,170
At 31 March 2023 204,225 197,567 22,579 19,883 444,254
DEPRECIATION
At 1 April 2022 115,775 152,777 4,199 15,953 288,704
Charge for year 9,270 11,000 3,795 1,100 25,165
At 31 March 2023 125,045 163,777 7,994 17,053 313,869
NET BOOK VALUE
At 31 March 2023 79,180 33,790 14,585 2,830 130,385
At 31 March 2022 87,980 44,790 18,380 3,230 154,380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 255,068 176,452
Prepayments 1,306 4,176
256,374 180,628

CAPTIVE CLOSURES LLP (REGISTERED NUMBER: OC325220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 533 533
Trade creditors 58,844 32,986
No description 4,536 -
PAYE & national insurance 3,989 4,185
Value added tax 56,543 33,510
Other creditors 1,414 1,625
Accrued expenses 18,759 16,087
144,618 88,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 10,321 10,905

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 10,854 11,438

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Amounts owed to members in respect of profits 578,377 539,572

Falling due within one year 578,377 539,572

Loans and other debts due to members rank as unsecured creditors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.