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REGISTERED NUMBER: 11515911 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

CAPITAL FLEET SOLUTIONS LTD

CAPITAL FLEET SOLUTIONS LTD (REGISTERED NUMBER: 11515911)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL FLEET SOLUTIONS LTD

Company Information
for the Year Ended 30th November 2023







DIRECTORS: P Jackson
V B Wilson





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 11515911 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

CAPITAL FLEET SOLUTIONS LTD (REGISTERED NUMBER: 11515911)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,855 150,799

CURRENT ASSETS
Stocks 907,918 935,219
Debtors 5 110,531 279,214
Cash at bank 223,293 49,264
1,241,742 1,263,697
CREDITORS
Amounts falling due within one year 6 967,691 976,708
NET CURRENT ASSETS 274,051 286,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,906

437,788

CREDITORS
Amounts falling due after more than one
year

7

(126,055

)

(109,053

)

PROVISIONS FOR LIABILITIES (23,908 ) (28,652 )
NET ASSETS 315,943 300,083

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 118,099 118,099
Retained earnings 195,844 179,984
315,943 300,083

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

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

CAPITAL FLEET SOLUTIONS LTD (REGISTERED NUMBER: 11515911)

Balance Sheet - continued
30th 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 29th August 2024 and were signed on its behalf by:





P Jackson - Director


CAPITAL FLEET SOLUTIONS LTD (REGISTERED NUMBER: 11515911)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

CAPITAL FLEET SOLUTIONS 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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 10% 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.

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.

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 (2022 - 9 ) .

CAPITAL FLEET SOLUTIONS LTD (REGISTERED NUMBER: 11515911)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022 5,729 162,137 167,866
Additions - 167,283 167,283
Disposals - (117,246 ) (117,246 )
At 30th November 2023 5,729 212,174 217,903
DEPRECIATION
At 1st December 2022 1,146 15,921 17,067
Charge for year 573 8,408 8,981
At 30th November 2023 1,719 24,329 26,048
NET BOOK VALUE
At 30th November 2023 4,010 187,845 191,855
At 30th November 2022 4,583 146,216 150,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,281 223,232
Other debtors 61,250 55,982
110,531 279,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 705,734 518,051
Hire purchase contracts 36,541 21,013
Trade creditors 168,358 429,820
Taxation and social security 54,552 -
Other creditors 2,506 7,824
967,691 976,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 111,055 84,053
126,055 109,053

CAPITAL FLEET SOLUTIONS LTD (REGISTERED NUMBER: 11515911)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
P Jackson
Balance outstanding at start of year 624 624
Amounts advanced 624 624
Amounts repaid - (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,248 624

9. RELATED PARTY DISCLOSURES

During the year the Company made a loan to John David Property Ltd, a company under common control, in the sum of £50,000. As at the year end a balance of £50,000 is outstanding. The loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

In the directors opinion there is no ultimate controlling party.