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REGISTERED NUMBER: 06324263 (England and Wales)















Capital SFLU Group Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Capital SFLU Group Limited (Registered number: 06324263)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capital SFLU Group Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr D Evans





REGISTERED OFFICE: Unit2a Penn Street
Wolverhampton
WV3 0JJ





REGISTERED NUMBER: 06324263 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Capital SFLU Group Limited (Registered number: 06324263)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 773,264 338,631

CURRENT ASSETS
Debtors 5 2,210,979 1,271,475
Cash at bank and in hand 128,814 219,901
2,339,793 1,491,376
CREDITORS
Amounts falling due within one year 6 1,459,611 1,018,176
NET CURRENT ASSETS 880,182 473,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,653,446

811,831

CREDITORS
Amounts falling due after more than
one year

7

(64,080

)

(103,978

)

PROVISIONS FOR LIABILITIES 9 (195,000 ) (8,607 )
NET ASSETS 1,394,366 699,246

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,394,365 699,245
SHAREHOLDERS' FUNDS 1,394,366 699,246

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Capital SFLU Group Limited (Registered number: 06324263)

Balance Sheet - continued
31 July 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 director and authorised for issue on 18 April 2024 and were signed by:





Mr D Evans - Director


Capital SFLU Group Limited (Registered number: 06324263)

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

1. STATUTORY INFORMATION

Capital SFLU Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary amounts are rounded to the nearest pound.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Judgements and estimates
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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% 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.


Capital SFLU Group Limited (Registered number: 06324263)

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

2. ACCOUNTING POLICIES - continued
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.

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 45 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 582,882
Additions 640,712
Disposals (42,550 )
At 31 July 2023 1,181,044
DEPRECIATION
At 1 August 2022 244,251
Charge for year 185,176
Eliminated on disposal (21,647 )
At 31 July 2023 407,780
NET BOOK VALUE
At 31 July 2023 773,264
At 31 July 2022 338,631

Included within fixed assets are assets held under hire purchase agreements with a net book value of £74,859 (2022 - £93,573), for which depreciation has been charged amounting to £18,714 (2022 - £38,339).

Capital SFLU Group Limited (Registered number: 06324263)

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

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 1,770,349 453,394
Amounts owed by group undertakings 41,788 361,379
Amounts owed by participating interests 172,461 172,107
Other debtors 217,806 271,187
2,202,404 1,258,067

Amounts falling due after more than one year:
Other debtors 8,575 13,408

Aggregate amounts 2,210,979 1,271,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,351 6,278
Hire purchase contracts 32,254 31,826
Trade creditors 510,305 155,923
Amounts owed to group undertakings 605,757 729,871
Amounts owed to participating interests 1,117 1,169
Taxation and social security 227,062 74,893
Other creditors 77,765 18,216
1,459,611 1,018,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 34,041 38,336
Hire purchase contracts 30,039 65,642
64,080 103,978

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 11,239 19,502

Capital SFLU Group Limited (Registered number: 06324263)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 62,293 97,468

Hire purchase liabilities are secured upon the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 195,000 8,607

Deferred
tax
£   
Balance at 1 August 2022 8,607
Accelerated capital allowances 186,393
Balance at 31 July 2023 195,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary 1 1 1

Capital SFLU Group Limited (Registered number: 06324263)

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

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption of section 33 of FRS 102 "Related Party Disclosure" not to disclose any transactions with any wholly owned entities within the same group.

Summary of transactions with entities with joint control or significant interest

Amounts that are owed and transactions that have occurred with companies under common control consist of the following:

Loans from related parties




Entities with
joint control or
significant
influence
2023 £
At start of period 1,169
Advanced -
Repaid (52)
At end of period 1,117




Entities with
joint control or
significant
influence
2022 £
At start of period 3,836
Advanced -
Repaid (2,667)
At end of period 1,169



Loans to related parties




Entities with
joint control or
significant
influence
2023 £
At start of period 297,401
Advanced 185,430
Repaid (291,195)
At end of period 191,636


Capital SFLU Group Limited (Registered number: 06324263)

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



Entities with
joint control or
significant
influence
2022 £
At start of period 288,690
Advanced 8,711
Repaid -
At end of period 297,401

Terms of loans between related parties

These amounts have been advanced on an interest free basis, with no fixed repayment terms.

12. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Running Cow Ltd, incorporated in England and Wales.

The ultimate controlling party is Mr D Evans.