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REGISTERED NUMBER: 06069414 (England and Wales)















CAPSTONE RECRUITMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






CAPSTONE RECRUITMENT LIMITED (REGISTERED NUMBER: 06069414)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPSTONE RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr I J Cross
Mrs N Cross



REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU



REGISTERED NUMBER: 06069414 (England and Wales)



ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU



BANKERS: Lloyds TSB Bank Plc
1 Windsor Road
Penarth
Vale of Glamorgan
CF64 1YR

CAPSTONE RECRUITMENT LIMITED (REGISTERED NUMBER: 06069414)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,306 56,409

CURRENT ASSETS
Debtors 5 8,284 13,673
Cash at bank and in hand 28,402 131,369
36,686 145,042
CREDITORS
Amounts falling due within one year 6 9,946 42,033
NET CURRENT ASSETS 26,740 103,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,046

159,418

CREDITORS
Amounts falling due after more than one
year

7

(30,400

)

(34,010

)

PROVISIONS FOR LIABILITIES (8,038 ) (10,718 )
NET ASSETS 30,608 114,690

CAPSTONE RECRUITMENT LIMITED (REGISTERED NUMBER: 06069414)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 30,508 114,590
SHAREHOLDERS' FUNDS 30,608 114,690

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd August 2024 and were signed on its behalf by:





Mr I J Cross - Director


CAPSTONE RECRUITMENT LIMITED (REGISTERED NUMBER: 06069414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Capstone Recruitment 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.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 2 (2023 - 2 ) .

CAPSTONE RECRUITMENT LIMITED (REGISTERED NUMBER: 06069414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 53,108 6,891 59,999
DEPRECIATION
At 1st April 2023 1,106 2,484 3,590
Charge for year 13,001 1,102 14,103
At 31st March 2024 14,107 3,586 17,693
NET BOOK VALUE
At 31st March 2024 39,001 3,305 42,306
At 31st March 2023 52,002 4,407 56,409

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023
and 31st March 2024 53,108
DEPRECIATION
At 1st April 2023 1,106
Charge for year 13,001
At 31st March 2024 14,107
NET BOOK VALUE
At 31st March 2024 39,001
At 31st March 2023 52,002

CAPSTONE RECRUITMENT LIMITED (REGISTERED NUMBER: 06069414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 13,500
Other debtors 7,945 -
Prepayments 339 173
8,284 13,673

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,610 3,610
Trade creditors 168 99
Corporation Tax - 18,975
Social security and other taxes 218 -
VAT 399 10,833
Directors' current accounts 3,979 6,944
Accrued expenses 1,572 1,572
9,946 42,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 30,400 34,010

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary £1 99 99
1 Ordinary B £1 1 1
100 100

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loan accounts at year end:
- Mr I J Cross £1,909 (2023 - £3,446)
- Mrs N Cross £2,074 (2023 - £3,499)