Company registration number 07042543 (England and Wales)
Capak Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Capak Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Capak Ltd
Statement Of Financial Position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
176
Tangible assets
4
88,387
103,504
88,387
103,680
Current assets
Debtors
6,599
18,734
Cash at bank and in hand
80,247
59,172
86,846
77,906
Creditors: amounts falling due within one year
(26,992)
(28,154)
Net current assets
59,854
49,752
Total assets less current liabilities
148,241
153,432
Provisions for liabilities
5
(16,794)
(19,665)
Net assets
131,447
133,767
Capital and reserves
Called up share capital
6
300
300
Profit and loss reserves
131,147
133,467
Total equity
131,447
133,767
Capak Ltd
Statement Of Financial Position (continued)
as at 31 December 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 September 2024
M J Andrews
Director
Company registration number 07042543 (England and Wales)
Capak Ltd
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of value added tax. Turnover is recognised upon provision of services.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Patents
10% straight line basis
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
10% reducing balance
Fixtures, fittings & equipment
15% straight line basis
Motor vehicles
25% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Capak Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Patents
£
Cost
At 1 January 2023 and 31 December 2023
2,631
Amortisation and impairment
At 1 January 2023
2,455
Amortisation charged for the year
176
At 31 December 2023
2,631
Carrying amount
At 31 December 2023
At 31 December 2022
176
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
276,201
9,852
21,000
307,053
Additions
1,350
13,995
15,345
At 31 December 2023
277,551
9,852
34,995
322,398
Depreciation and impairment
At 1 January 2023
177,279
5,270
21,000
203,549
Depreciation charged in the year
27,699
723
2,040
30,462
At 31 December 2023
204,978
5,993
23,040
234,011
Carrying amount
At 31 December 2023
72,573
3,859
11,955
88,387
At 31 December 2022
98,922
4,582
103,504
Capak Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 5 -
5
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
16,794
19,665
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
100
100
100
100
B Ordinary shares of £1 each
50
50
50
50
C Ordinary shares of £1 each
50
50
50
50
D Ordinary shares of £1 each
50
50
50
50
E Ordinary shares of £1 each
50
50
50
50
300
300
300
300
7
Company information
Capak Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.