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REGISTERED NUMBER: 04815840 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2023

for

CAPITAL FINANCIAL MANAGEMENT LIMITED

CAPITAL FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04815840)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

CAPITAL FINANCIAL MANAGEMENT LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Bancroft
Mrs D Bancroft





SECRETARY: Mrs D Bancroft





REGISTERED OFFICE: 44 Hagley Road
Halesowen
West Midlands
B63 4RH





REGISTERED NUMBER: 04815840 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

CAPITAL FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04815840)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 141,482 114,832
141,482 114,832

CURRENT ASSETS
Debtors 6 - 374
Cash at bank 18,562 17,490
18,562 17,864
CREDITORS
Amounts falling due within one year 7 26,033 25,401
NET CURRENT LIABILITIES (7,471 ) (7,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,011

107,295

CREDITORS
Amounts falling due after more than one year 8 (14,086 ) (20,303 )

PROVISIONS FOR LIABILITIES (2,141 ) (4,703 )
NET ASSETS 117,784 82,289

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 38,540 15,000
Retained earnings 79,144 67,189
SHAREHOLDERS' FUNDS 117,784 82,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 November 2023 and were signed on its behalf by:



S Bancroft - Director


CAPITAL FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04815840)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Capital Financial Management 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 as modified by the revaluation of certain assets.

As a result of the COVID-19 pandemic and its impact on the global economy, the directors have reviewed the risks to the business, and have concluded that it should be treated as a going concern.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

CAPITAL FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04815840)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 107,205
AMORTISATION
At 1 July 2022
and 30 June 2023 107,205
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 141,719 1,045 19,840 8,857 171,461
Additions - - 300 750 1,050
Revaluations 25,000 - - - 25,000
At 30 June 2023 166,719 1,045 20,140 9,607 197,511
DEPRECIATION
At 1 July 2022 33,300 568 18,371 4,390 56,629
Charge for year - 119 379 1,179 1,677
Charge written back (2,277 ) - - - (2,277 )
At 30 June 2023 31,023 687 18,750 5,569 56,029
NET BOOK VALUE
At 30 June 2023 135,696 358 1,390 4,038 141,482
At 30 June 2022 108,419 477 1,469 4,467 114,832

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2011 15,000 - - - 15,000
Valuation in 2023 25,000 - - - 25,000
Cost 126,719 1,045 20,140 9,607 157,511
166,719 1,045 20,140 9,607 197,511

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors - 374

CAPITAL FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04815840)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 6,834 7,452
Trade creditors 1,777 1,693
Taxation and social security 12,493 11,447
Other creditors 4,929 4,809
26,033 25,401

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 14,086 20,303

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022 15,000
Property revaluation reserve 23,540

At 30 June 2023 38,540

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the two directors who each own 50% of the share capital.

11. EMPLOYEE BENEFITS

The company's holiday period is 1 July - 30 June therefore no accrued holiday pay provision is required in these accounts.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Capital Financial Management Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capital Financial Management Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Capital Financial Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capital Financial Management Limited and state those matters that we have agreed to state to the Board of Directors of Capital Financial Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capital Financial Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Capital Financial Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Capital Financial Management Limited. You consider that Capital Financial Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capital Financial Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


14 November 2023