Registered number
04294374
Capita Construction Limited
Filleted Accounts
31 December 2023
Capita Construction Limited
Registered number: 04294374
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 214,719 241,839
Current assets
Stocks 953,627 583,144
Debtors 5 106,271 21,328
Cash at bank and in hand 18,584 96,786
1,078,482 701,258
Creditors: amounts falling due within one year 6 (744,837) (356,414)
Net current assets 333,645 344,844
Total assets less current liabilities 548,364 586,683
Creditors: amounts falling due after more than one year 7 (26,609) (47,001)
Net assets 521,755 539,682
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 520,755 538,682
Shareholders' funds 521,755 539,682
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G.S. Lally
Director
Approved by the board on 13 September 2024
Capita Construction Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 24 26
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 24,000
At 31 December 2023 24,000
Amortisation
At 1 January 2023 24,000
At 31 December 2023 24,000
Net book value
At 31 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 252,512 45,123 190,030 487,665
At 31 December 2023 252,512 45,123 190,030 487,665
Depreciation
At 1 January 2023 83,325 45,113 117,388 245,826
Charge for the year 5,050 - 22,070 27,120
At 31 December 2023 88,375 45,113 139,458 272,946
Net book value
At 31 December 2023 164,137 10 50,572 214,719
At 31 December 2022 169,187 10 72,642 241,839
5 Debtors 2023 2022
£ £
Trade debtors 49,030 12,986
Other debtors 57,241 8,342
106,271 21,328
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,000 3,000
Obligations under finance lease and hire purchase contracts 17,144 17,144
Trade creditors 144,934 55,944
Taxation and social security costs 16,524 14,628
Other creditors 563,235 265,698
744,837 356,414
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,158 6,408
Obligations under finance lease and hire purchase contracts 23,451 40,593
26,609 47,001
8 Other information
Capita Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beech Court
270 Summers Road
Burnham
Buckinghamshire
SL1 7EP
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