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REGISTERED NUMBER: 10001778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Capstan Group Services Limited

Capstan Group Services Limited (Registered number: 10001778)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capstan Group Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R A Beach
Ms J Beach-Smith





SECRETARY:





REGISTERED OFFICE: 20 Capstan Centre
Thurrock Park Way
Tilbury
Essex
RM18 7HH





REGISTERED NUMBER: 10001778 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Capstan Group Services Limited (Registered number: 10001778)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,286 53,901

CURRENT ASSETS
Stocks 265,000 176,200
Debtors 5 316,093 197,839
Cash at bank and in hand 2 39,958
581,095 413,997
CREDITORS
Amounts falling due within one year 6 384,878 206,107
NET CURRENT ASSETS 196,217 207,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,503

261,791

CREDITORS
Amounts falling due after more than one year 7 71,616 119,240
NET ASSETS 160,887 142,551

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 160,885 142,549
SHAREHOLDERS' FUNDS 160,887 142,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Capstan Group Services Limited (Registered number: 10001778)

Balance Sheet - continued
31 May 2024


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 1 August 2024 and were signed on its behalf by:





R A Beach - Director


Capstan Group Services Limited (Registered number: 10001778)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Capstan Group Services 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 (£).


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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Capstan Group Services Limited (Registered number: 10001778)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 124,121
Reclassification/transfer (11,520 )
At 31 May 2024 112,601
DEPRECIATION
At 1 June 2023 70,220
Charge for year 17,615
Reclassification/transfer (11,520 )
At 31 May 2024 76,315
NET BOOK VALUE
At 31 May 2024 36,286
At 31 May 2023 53,901

Capstan Group Services Limited (Registered number: 10001778)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 68,818
DEPRECIATION
At 1 June 2023
and 31 May 2024 19,495
NET BOOK VALUE
At 31 May 2024 49,323
At 31 May 2023 49,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 306,179 197,839
Other debtors 9,914 -
316,093 197,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 99,142 35,024
Hire purchase contracts 2,631 5,080
Trade creditors 185,693 72,787
Taxation and social security 24,805 82,682
Other creditors 72,607 10,534
384,878 206,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 43,342 88,334
Hire purchase contracts 28,274 30,906
71,616 119,240

Capstan Group Services Limited (Registered number: 10001778)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 June 2023 142,549
Profit for the year 18,336
At 31 May 2024 160,885