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REGISTERED NUMBER: 07936368 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Capital Gas Centre Limited

Capital Gas Centre Limited (Registered number: 07936368)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Capital Gas Centre Limited (Registered number: 07936368)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 734 925

CURRENT ASSETS
Stocks 2,979 2,286
Debtors 5 4,017 5,091
Cash at bank and in hand 8,557 6,384
15,553 13,761
CREDITORS
Amounts falling due within one year 6 4,519 3,951
NET CURRENT ASSETS 11,034 9,810
TOTAL ASSETS LESS CURRENT LIABILITIES 11,768 10,735

PROVISIONS FOR LIABILITIES 140 -
NET ASSETS 11,628 10,735

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10,628 9,735
11,628 10,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 August 2024 and were signed by:





W E Johnson - Director


Capital Gas Centre Limited (Registered number: 07936368)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Capital Gas Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07936368

Registered office: Capital Gas Salem Street
Etruria
Stoke-On-Trent
Staffordshire
ST1 5PR

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Capital Gas Centre Limited (Registered number: 07936368)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 10,354 1,797 12,151
DEPRECIATION
At 1 January 2023 9,457 1,769 11,226
Charge for year 181 10 191
At 31 December 2023 9,638 1,779 11,417
NET BOOK VALUE
At 31 December 2023 716 18 734
At 31 December 2022 897 28 925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 814 1,857
Other debtors 3,203 3,234
4,017 5,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,548 3,612
Taxation and social security 371 (776 )
Other creditors 600 1,115
4,519 3,951

7. LEASING AGREEMENTS
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £32,436 (2022 £43,844). These financial commitments represent the total amount of payments remaining on leases ending 2026.