Company Registration No. 13137970 (England and Wales)
CAPITAL KARTS LONDON LIMITED
Unaudited accounts
for the year ended 31 January 2024
CAPITAL KARTS LONDON LIMITED
Unaudited accounts
Contents
CAPITAL KARTS LONDON LIMITED
Company Information
for the year ended 31 January 2024
Director
Matthew Holyfield
Company Number
13137970 (England and Wales)
Registered Office
P4 15 Cabot Square,
Canary Wharf
lONDON
Cumbria
E14 4QS
United Kingdom
Accountants
Williams Stanley and Co
CAPITAL KARTS LONDON LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
2,039,762
1,674,659
Cash at bank and in hand
28,463
188,179
Creditors: amounts falling due within one year
(1,345,798)
(1,182,371)
Net current liabilities
(1,083,682)
(898,329)
Total assets less current liabilities
956,080
776,330
Creditors: amounts falling due after more than one year
(323,298)
(661,654)
Net assets
632,782
114,676
Called up share capital
1
1
Profit and loss account
632,781
114,675
Shareholders' funds
632,782
114,676
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2024 and were signed on its behalf by
Matthew Holyfield
Director
Company Registration No. 13137970
CAPITAL KARTS LONDON LIMITED
Notes to the Accounts
for the year ended 31 January 2024
CAPITAL KARTS LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13137970. The registered office is P4 15 Cabot Square, , Canary Wharf, lONDON, Cumbria, E14 4QS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straigth Line
Fixtures & fittings
5% Straight Line
Computer equipment
25% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CAPITAL KARTS LONDON LIMITED
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
450,000
383,284
881,747
23,152
1,738,183
Additions
100,000
214,872
177,132
32,567
524,571
At 31 January 2024
550,000
598,156
1,058,879
55,719
2,262,754
At 1 February 2023
-
28,648
31,584
3,292
63,524
Charge for the year
-
104,592
47,242
7,634
159,468
At 31 January 2024
-
133,240
78,826
10,926
222,992
At 31 January 2024
550,000
464,916
980,053
44,793
2,039,762
At 31 January 2023
450,000
354,636
850,163
19,860
1,674,659
Amounts falling due within one year
Accrued income and prepayments
233,653
81,350
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
894,320
334,550
Amounts owed to group undertakings and other participating interests
375,720
375,720
Taxes and social security
(217,950)
8,337
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
323,298
661,654
The Ultimate Parent Company is Capital Karts Holdings Limited who own 100% of the share capital in the company.
9
Average number of employees
During the year the average number of employees was 27 (2023: 22).