2022-08-012023-03-312023-03-31false11441916Capstock 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Capstock Ltd

Registered Number
11441916
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2023

Capstock Ltd
Company Information
for the period from 1 August 2022 to 31 March 2023

Director

Benjamin Spickernell

Registered Address

The Forge
Sutton Maddock
Shifnal
TF11 9ND

Registered Number

11441916 (England and Wales)
Capstock Ltd
Balance Sheet as at
31 March 2023

Notes

31 Mar 2023

31 Jul 2022

£

£

£

£

Fixed assets
Intangible assets313,78215,504
13,78215,504
Current assets
Debtors447,47036,581
Cash at bank and on hand36-
47,50636,581
Creditors amounts falling due within one year5(23,951)(22,383)
Net current assets (liabilities)23,55514,198
Total assets less current liabilities37,33729,702
Creditors amounts falling due after one year6(11,565)(12,141)
Net assets25,77217,561
Capital and reserves
Called up share capital100100
Profit and loss account25,67217,461
Shareholders' funds25,77217,561
The financial statements were approved and authorised for issue by the Director on 30 April 2024, and are signed on its behalf by:
Benjamin Spickernell
Director
Registered Company No. 11441916
Capstock Ltd
Notes to the Financial Statements
for the period ended 31 March 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 2225,83625,836
At 31 March 2325,83625,836
Amortisation and impairment
At 01 August 2210,33210,332
Charge for year1,7221,722
At 31 March 2312,05412,054
Net book value
At 31 March 2313,78213,782
At 31 July 2215,50415,504
4.Debtors: amounts due within one year

2023

2022

££
Amounts owed by associates and joint ventures / participating interests47,47036,581
Total47,47036,581
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts1,7403,256
Taxation and social security19,69117,447
Accrued liabilities and deferred income2,5201,680
Total23,95122,383
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included in Bank Borrowings due within one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due on 5th November 2026. The total due within one year from the year end was £1,740 (2022 - £3,250). This loan is guaranteed by the Government.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts11,56512,141
Total11,56512,141
Included in Bank Borrowings due after one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due on 5th November 2026. The total due after one year from the year end was £11,565 (2022 - £12,141). This loan is guaranteed by the Government.
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Benjamin Spickernell36,58141,78830,89947,470
36,58141,78830,89947,470
These monies having been advanced on an unsecured, interest free basis, being repayable on demand. The full amount of the loan was repaid within nine months of the year end.