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REGISTERED NUMBER: 10745226 (England and Wales)















Capital Construction Products Limited

Financial Statements

for the Year Ended 31 December 2023






Capital Construction Products Limited (Registered number: 10745226)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Capital Construction Products Limited

Company Information
for the year ended 31 December 2023







Directors: P Greene
J Greene





Registered office: 178 Buckingham Avenue
Slough
Berkshire
SL1 4RD





Registered number: 10745226 (England and Wales)






Capital Construction Products Limited (Registered number: 10745226)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 589,673 376,709

Current assets
Stocks 764,864 819,150
Debtors 5 1,200,364 1,971,357
Cash in hand 401,018 267,731
2,366,246 3,058,238
Creditors
Amounts falling due within one year 6 1,077,610 1,755,932
Net current assets 1,288,636 1,302,306
Total assets less current liabilities 1,878,309 1,679,015

Creditors
Amounts falling due after more than one
year

7

(92,887

)

(115,653

)

Provisions for liabilities (147,418 ) (93,922 )
Net assets 1,638,004 1,469,440

Capital and reserves
Called up share capital 8 100 100
Preference shares 9 200,000 200,000
Retained earnings 9 1,437,904 1,269,340
Shareholders' funds 1,638,004 1,469,440

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 9 April 2024 and were signed on its behalf by:



P Greene - Director


Capital Construction Products Limited (Registered number: 10745226)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Capital Construction Products Limited is a private company limited by shares incorporated in England and Wales. The Company's registered office and registered number 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.

The financial statements are prepared in Pound Sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.Turnover is recognised on the accrual basis of accounting.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Impairment of fixed assets
At each reporting period end date, the Company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the Income Statement, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the Income Statement, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are recognised on a first in first out (FIFO) basis.

Capital Construction Products Limited (Registered number: 10745226)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the dent instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income StatementIncome 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.

Capital Construction Products Limited (Registered number: 10745226)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under finance leases are capitalised in the Balance Sheet. 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 the Income Statement over the relative period. The capital element of the future payments is treated as a liability.

Rentals under operating leases are charged to the Income Statement on a straight line basis over the lease term.

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 the Income Statement in the period to which they relate to.

Amounts are held in a separately administrated fund from the Company.

Going concern
The current economic conditions, present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3. Employees and directors

The average number of employees during the year was 28 (2022 - 22 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 January 2023 61,704 33,702 543,023 26,586 665,015
Additions - - 372,743 58,563 431,306
Disposals - - (126,414 ) - (126,414 )
At 31 December 2023 61,704 33,702 789,352 85,149 969,907
Depreciation
At 1 January 2023 27,248 23,330 222,670 15,058 288,306
Charge for year 11,212 2,831 135,883 4,206 154,132
Eliminated on disposal - - (62,204 ) - (62,204 )
At 31 December 2023 38,460 26,161 296,349 19,264 380,234
Net book value
At 31 December 2023 23,244 7,541 493,003 65,885 589,673
At 31 December 2022 34,456 10,372 320,353 11,528 376,709

Capital Construction Products Limited (Registered number: 10745226)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,006,082 1,650,974
Other debtors 20,100 100
RBS invoice discounting 90,361 211,068
Prepayments and accrued income 83,821 109,215
1,200,364 1,971,357

6. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts 98,334 65,535
Trade creditors 276,801 463,628
Tax 78,382 185,380
Social security and other taxes 87,185 182,769
Other creditors 352,113 535,831
Accruals and deferred income 184,795 322,789
1,077,610 1,755,932

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts 92,887 115,653

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
Value: £ £
1,000 Ordinary A £0.10 100 100
1 Ordinary B £0.10 0.1 -
1 Ordinary C £0.10 0.1 -
1 Ordinary D £0.10 0.1 -

9. Reserves
Retained Preference
earnings shares Totals
£ £ £

At 1 January 2023 1,269,340 200,000 1,469,340
Profit for the year 318,564 318,564
Dividends (150,000 ) (150,000 )
At 31 December 2023 1,437,904 200,000 1,637,904

10. Directors' advances, credits and guarantees

Included in other creditors at the year end was £369,320 owed to the directors (2022: £513,535).

11. Ultimate controlling party

The Company is equally controlled by the directors.