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REGISTERED NUMBER: 09672054 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

CAPITAL INVESTMENTS GROUP LTD

CAPITAL INVESTMENTS GROUP LTD (REGISTERED NUMBER: 09672054)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPITAL INVESTMENTS GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: S Ahmed





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 09672054 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

CAPITAL INVESTMENTS GROUP LTD (REGISTERED NUMBER: 09672054)

BALANCE SHEET
31 JULY 2022

2022 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,742 3,656
Investments 5 1,300,000 -
Investment property 6 183,244 183,244
1,485,986 186,900

CURRENT ASSETS
Inventories 907,510 1,441,580
Debtors 7 992,511 207,048
Cash at bank and in hand 125,839 1,696,431
2,025,860 3,345,059
CREDITORS
Amounts falling due within one year 8 543,242 175,758
NET CURRENT ASSETS 1,482,618 3,169,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,968,604

3,356,201

CREDITORS
Amounts falling due after more than one
year

9

1,922,549

2,500,254
NET ASSETS 1,046,055 855,947

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,046,054 855,946
1,046,055 855,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

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 26 July 2024 and were signed by:



S Ahmed - Director


CAPITAL INVESTMENTS GROUP LTD (REGISTERED NUMBER: 09672054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1. STATUTORY INFORMATION

Capital Investments Group Ltd 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 (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is 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 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.


Plant and machinery25% on reducing balance
Motor vehicle25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

CAPITAL INVESTMENTS GROUP LTD (REGISTERED NUMBER: 09672054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2021
and 31 July 2022 390 4,875 5,265
DEPRECIATION
At 1 August 2021 390 1,219 1,609
Charge for year - 914 914
At 31 July 2022 390 2,133 2,523
NET BOOK VALUE
At 31 July 2022 - 2,742 2,742
At 31 July 2021 - 3,656 3,656

CAPITAL INVESTMENTS GROUP LTD (REGISTERED NUMBER: 09672054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1,300,000
At 31 July 2022 1,300,000
NET BOOK VALUE
At 31 July 2022 1,300,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2021
and 31 July 2022 183,244
NET BOOK VALUE
At 31 July 2022 183,244
At 31 July 2021 183,244

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Trade debtors - 207,048
Amounts owed by connected companies 498,276 -
Other debtors 486,776 -
Directors' current accounts 7,459 -
992,511 207,048

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Bank loans and overdrafts 10,000 -
Amounts owed to connected companies 295,556 -
Tax 84,992 17,369
Other creditors 138,705 51,029
Directors' current accounts - 97,110
Accrued expenses 13,989 10,250
543,242 175,758

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
as restated
£    £   
Bank loans - 1-2 years 10,000 -
Bank loans - 2-5 years 586,785 -
Bank borrowings and overdrafts - 479,126
Other creditors 1,325,764 2,021,128
1,922,549 2,500,254

CAPITAL INVESTMENTS GROUP LTD (REGISTERED NUMBER: 09672054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021:

2022 2021
as restated
£    £   
S Ahmed
Balance outstanding at start of year (97,245 ) (3,869 )
Amounts advanced 134,417 105,449
Amounts repaid (29,713 ) (198,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,459 (97,245 )

11. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an amount of £498,276 (2021 - Nil) due by the connected companies. This amount is interest free and repayable on demand.

Included in creditor, amounts falling due within one year, is an amount of £295,556 (2021 - Nil) due to the connected companies. This amount is interest free and repayable on demand.