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REGISTERED NUMBER: SC749222 (Scotland)



















CAPON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

3 NOVEMBER 2022 TO 30 NOVEMBER 2023






CAPON LTD (REGISTERED NUMBER: SC749222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 NOVEMBER 2022 TO 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPON LTD

COMPANY INFORMATION
FOR THE PERIOD 3 NOVEMBER 2022 TO 30 NOVEMBER 2023







DIRECTORS: Edward James Cresswell
Miss Ellie Gallacher





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC749222 (Scotland)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

CAPON LTD (REGISTERED NUMBER: SC749222)

BALANCE SHEET
30 NOVEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 3 16,149

CURRENT ASSETS
Stocks 2,000
Debtors 4 29,480
Cash at bank and in hand 93,285
124,765
CREDITORS
Amounts falling due within one year 5 77,042
NET CURRENT ASSETS 47,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,872

PROVISIONS FOR LIABILITIES 4,037
NET ASSETS 59,835

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 59,735
59,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

CAPON LTD (REGISTERED NUMBER: SC749222)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 26 August 2024 and were signed on its behalf by:





Edward James Cresswell - Director


CAPON LTD (REGISTERED NUMBER: SC749222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 NOVEMBER 2022 TO 30 NOVEMBER 2023


1. 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 and revenue recognition
The turnover shown in the profit and loss account represents the value of sales during the period, exclusive of Value Added Tax. A sale is recognised at the point where a meal is served or handed over to the customer.

Tangible fixed assets
Depreciation has been provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and Fittings - 15% on cost
Computer Equipment - 33.33% on cost

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

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the period 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.


CAPON LTD (REGISTERED NUMBER: SC749222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 NOVEMBER 2022 TO 30 NOVEMBER 2023


1. ACCOUNTING POLICIES - continued
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 period 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 applicable to operating leases where substantially all of the benefits and the risks of the ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised in the balance sheet and depreciated over their useful economic lives. Minimum lease payments are apportioned between the interest charge and the reduction of the outstanding liability using the effective interest method. The related obligations are included in creditors.

Employee benefits and pension costs
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company contributes to the individual personal pensions of its employees. Contributions payable are charged to the accounts in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

CAPON LTD (REGISTERED NUMBER: SC749222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 NOVEMBER 2022 TO 30 NOVEMBER 2023


3. TANGIBLE FIXED ASSETS
Equipment
and Computer
Fittings equipment Totals
£    £    £   
COST
Additions 16,683 1,079 17,762
At 30 November 2023 16,683 1,079 17,762
DEPRECIATION
Charge for period 1,355 258 1,613
At 30 November 2023 1,355 258 1,613
NET BOOK VALUE
At 30 November 2023 15,328 821 16,149

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 11,703
Other debtors 2,294
Related company loan 6,407
Prepayments 9,076
29,480

The other debtors and related company loans are interest free and repayable on demand.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 270
Corporation Tax 21,860
Social security and other taxes 2,917
VAT 45,382
Directors' current accounts 1,860
Accrued expenses 4,753
77,042

The loans from directors are interest free and repayable on demand.

CAPON LTD (REGISTERED NUMBER: SC749222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 NOVEMBER 2022 TO 30 NOVEMBER 2023


6. RELATED PARTY DISCLOSURES

The loan balance due to the directors amounted to £1,860 at the period end.