Registered number
04992460
Capital Couriers Limited
Filleted Accounts
31 December 2023
Capital Couriers Limited
Registered number: 04992460
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 27,678 39,726
Current assets
Debtors 5 70,103 86,157
Cash at bank and in hand 61,606 67,909
131,709 154,066
Creditors: amounts falling due within one year 6 (51,399) (75,760)
Net current assets 80,310 78,306
Net assets 107,988 118,032
Capital and reserves
Called up share capital 100 100
Profit and loss account 107,888 117,932
Shareholder's funds 107,988 118,032
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Zubair Ahmed
Director
Approved by the board on 20 September 2024
Capital Couriers 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 rendering of services.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 15% on reducing balance
Fixtures, fittings, tools and equipment 20% on reducing balance
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 10,000
At 31 December 2023 10,000
Amortisation
At 1 January 2023 10,000
At 31 December 2023 10,000
Net book value
At 31 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 15,015 96,098 111,113
Disposals - (11,350) (11,350)
At 31 December 2023 15,015 84,748 99,763
Depreciation
At 1 January 2023 11,730 59,657 71,387
Charge for the year 657 4,421 5,078
On disposals - (4,380) (4,380)
At 31 December 2023 12,387 59,698 72,085
Net book value
At 31 December 2023 2,628 25,050 27,678
At 31 December 2022 3,285 36,441 39,726
5 Debtors 2023 2022
£ £
Trade debtors 66,905 82,759
Other debtors 3,198 3,398
70,103 86,157
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,190 3,637
Other taxes and social security costs 41,752 47,581
Other creditors 8,457 24,542
51,399 75,760
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 20,500 19,530
8 Other information
Capital Couriers Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 172 Cannon Workshops 
5 Cannon Drive 
London E14 4AS
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