Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10866054 Mr Mark Aldridge Mr John Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10866054 2023-07-31 10866054 2024-07-31 10866054 2023-08-01 2024-07-31 10866054 frs-core:CurrentFinancialInstruments 2024-07-31 10866054 frs-core:Non-currentFinancialInstruments 2024-07-31 10866054 frs-core:FurnitureFittings 2024-07-31 10866054 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10866054 frs-core:FurnitureFittings 2023-07-31 10866054 frs-core:ShareCapital 2024-07-31 10866054 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10866054 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10866054 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10866054 frs-bus:SmallEntities 2023-08-01 2024-07-31 10866054 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10866054 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10866054 frs-core:UnlistedNon-exchangeTraded 2024-07-31 10866054 frs-core:UnlistedNon-exchangeTraded 2023-07-31 10866054 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 10866054 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 10866054 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 10866054 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 10866054 frs-bus:Director1 2023-08-01 2024-07-31 10866054 frs-bus:Director2 2023-08-01 2024-07-31 10866054 frs-countries:EnglandWales 2023-08-01 2024-07-31 10866054 2022-07-31 10866054 2023-07-31 10866054 2022-08-01 2023-07-31 10866054 frs-core:CurrentFinancialInstruments 2023-07-31 10866054 frs-core:Non-currentFinancialInstruments 2023-07-31 10866054 frs-core:ShareCapital 2023-07-31 10866054 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10866054
Capsec Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10866054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 320 377
Investments 5 1,000,020 1,000,020
1,000,340 1,000,397
CURRENT ASSETS
Debtors 6 801,352 808,518
Cash at bank and in hand 6,799 1,000
808,151 809,518
Creditors: Amounts Falling Due Within One Year 7 (2,060,966 ) (2,021,632 )
NET CURRENT ASSETS (LIABILITIES) (1,252,815 ) (1,212,114 )
TOTAL ASSETS LESS CURRENT LIABILITIES (252,475 ) (211,717 )
Creditors: Amounts Falling Due After More Than One Year 8 (16,924 ) (16,924 )
NET LIABILITIES (269,399 ) (228,641 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (269,499 ) (228,741 )
SHAREHOLDERS' FUNDS (269,399) (228,641)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Aldridge
Director
23/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Capsec Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10866054 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 1,000
As at 31 July 2024 1,000
Depreciation
As at 1 August 2023 623
Provided during the period 57
As at 31 July 2024 680
Net Book Value
As at 31 July 2024 320
As at 1 August 2023 377
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 August 2023 1,000,020
As at 31 July 2024 1,000,020
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 1,000,020
As at 1 August 2023 1,000,020
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by other participating interests 801,352 808,518
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 720 720
Bank loans and overdrafts 10,238 10,238
Accruals and deferred income 239,230 199,896
Directors' loan accounts 1,810,778 1,810,778
2,060,966 2,021,632
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,924 16,924
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Related Party Transactions
Included in the Other Debtors is an amount owed from Micaw Ltd totalling £761,190.04 (2023 - £805,518), for which Mr M Aldridge is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Debtors is an amount owed from Orwell (Basildon) Limited totalling £40,162, for which Mr M Aldridge is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to the company director Mr M Aldridge totalling £1,600,873 (2023 - £1,600,273), no interest is to be charged.
Included in the Other Creditors is an amount owed to the company director Mr J Regan totalling £209,905 (2023 - £209,905), no interest is to be charged.
Page 5