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REGISTERED NUMBER: 03775179 (England and Wales)

















Unaudited Financial Statements for the Year Ended 27 February 2023

for

Captrad Limited

Captrad Limited (Registered number: 03775179)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Captrad Limited

Company Information
for the Year Ended 27 February 2023







DIRECTORS: Mr P R Capstick
Mrs S L Capstick





SECRETARY: Mrs S L Capstick





REGISTERED OFFICE: 6a Gratton Place
East Gillibrands
Skelmersdale
WN8 9UE





REGISTERED NUMBER: 03775179 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Captrad Limited (Registered number: 03775179)

Balance Sheet
27 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 146,482 231,878
146,482 231,878

CURRENT ASSETS
Stocks 339,081 271,397
Debtors 6 485,854 385,229
Cash at bank and in hand 1,256,623 1,362,888
2,081,558 2,019,514
CREDITORS
Amounts falling due within one year 7 (536,231 ) (345,736 )
NET CURRENT ASSETS 1,545,327 1,673,778
TOTAL ASSETS LESS CURRENT LIABILITIES 1,691,809 1,905,656

CREDITORS
Amounts falling due after more than one
year

8

(60,436

)

(5,686

)

PROVISIONS FOR LIABILITIES (36,621 ) (7,882 )
NET ASSETS 1,594,752 1,892,088

CAPITAL AND RESERVES
Called up share capital 63 63
Capital redemption reserve 37 37
Retained earnings 1,594,652 1,891,988
1,594,752 1,892,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Captrad Limited (Registered number: 03775179)

Balance Sheet - continued
27 February 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 17 November 2023 and were signed on its behalf by:





Mr P R Capstick - Director


Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

Captrad 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.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

The cost of the property is considered to be equal to the residual value and therefore no depreciation is provided.

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.

Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 February 2022
and 27 February 2023 7,000
AMORTISATION
At 28 February 2022
and 27 February 2023 7,000
NET BOOK VALUE
At 27 February 2023 -
At 27 February 2022 -

Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 28 February 2022 190,394 104,848 295,242
Additions - 153,313 153,313
Disposals (190,394 ) - (190,394 )
At 27 February 2023 - 258,161 258,161
DEPRECIATION
At 28 February 2022 - 63,364 63,364
Charge for year - 48,315 48,315
At 27 February 2023 - 111,679 111,679
NET BOOK VALUE
At 27 February 2023 - 146,482 146,482
At 27 February 2022 190,394 41,484 231,878

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 28 February 2022 59,251
Additions 109,884
At 27 February 2023 169,135
DEPRECIATION
At 28 February 2022 28,005
Charge for year 35,283
At 27 February 2023 63,288
NET BOOK VALUE
At 27 February 2023 105,847
At 27 February 2022 31,246

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 339,275 294,007
Other debtors 146,579 91,222
485,854 385,229

Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 14,407 6,823
Trade creditors 285,482 189,121
Amounts owed to related undertakings 82,710 -
Taxation and social security 145,695 144,791
Other creditors 7,937 5,001
536,231 345,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 60,436 5,686

9. RELATED PARTY DISCLOSURES

During the year, the company made various advances to the director amounting to £104,196 and a total of £62,520 was repaid. As at 27 February 2023, a total of £91,290 (2022 - £49,614) was owed to the company.

Interest was charged at a rate of 2% for the year, totalling £1,395 (2022 - £1,002).

Rent was paid to the director during the year totalling £13,000 (2022 - £13,000) for use of a commercial property.

At the year end, the company owed £82,710 (2022 - £nil) to Captrad Holdings Limited. P Capstick is a director and shareholder of Captrad Holdings Limited.