Company registration number 12171182 (England and Wales)
CAPITAL ALPACA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
PAGES FOR FILING WITH REGISTRAR
CAPITAL ALPACA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CAPITAL ALPACA LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2022
31 August 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
634,942
343,622
Current assets
Stocks
258,250
276,747
Debtors
5
159,881
96,594
Cash at bank and in hand
2,656
2,416
420,787
375,757
Creditors: amounts falling due within one year
6
(24,833)
(18,631)
Net current assets
395,954
357,126
Total assets less current liabilities
1,030,896
700,748
Creditors: amounts falling due after more than one year
7
(1,959,759)
(1,164,962)
Net liabilities
(928,863)
(464,214)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(928,865)
(464,216)
Total equity
(928,863)
(464,214)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CAPITAL ALPACA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2022
31 August 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 1 March 2024 and are signed on its behalf by:
Mrs K D Murray
Mr S M Murray
Director
Director
Company Registration No. 12171182
CAPITAL ALPACA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
- 3 -
1
Accounting policies
Company information

Capital Alpaca Limited is a private company limited by shares incorporated in England and Wales. The registered office is Little Pethills Farm, Hollin Lane, Macclesfield, Cheshire, SK11 0NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence, meeting its day to day requirements via a loan from the director which will not be called for payment in the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, that being alpaca farming and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10 years
Plant and equipment
25% RB
Computers
33% SL
Motor vehicles
25% RB

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CAPITAL ALPACA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
4
4
CAPITAL ALPACA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2021
333,741
81,445
415,186
Additions
321,382
67,567
388,949
Disposals
(2,450)
(1,369)
(3,819)
At 31 August 2022
652,673
147,643
800,316
Depreciation and impairment
At 1 September 2021
40,513
31,051
71,564
Depreciation charged in the year
65,513
29,578
95,091
Eliminated in respect of disposals
(490)
(791)
(1,281)
At 31 August 2022
105,536
59,838
165,374
Carrying amount
At 31 August 2022
547,137
87,805
634,942
At 31 August 2021
293,228
50,394
343,622
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
159,881
96,594
6
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
2,899
4,259
Taxation and social security
13,673
7,920
Other creditors
8,261
6,452
24,833
18,631
7
Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
1,959,759
1,164,962
8
Related party transactions
CAPITAL ALPACA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
8
Related party transactions
(Continued)
- 6 -

Included within other creditors is an amount of £1,959,761 due to Mrs K Murray, director.

 

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