Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09042200 Mr Clark Curley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09042200 2023-05-31 09042200 2024-05-31 09042200 2023-06-01 2024-05-31 09042200 frs-core:CurrentFinancialInstruments 2024-05-31 09042200 frs-core:FurnitureFittings 2024-05-31 09042200 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09042200 frs-core:FurnitureFittings 2023-05-31 09042200 frs-core:MotorVehicles 2024-05-31 09042200 frs-core:MotorVehicles 2023-06-01 2024-05-31 09042200 frs-core:MotorVehicles 2023-05-31 09042200 frs-core:PlantMachinery 2024-05-31 09042200 frs-core:PlantMachinery 2023-06-01 2024-05-31 09042200 frs-core:PlantMachinery 2023-05-31 09042200 frs-core:ShareCapital 2024-05-31 09042200 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09042200 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09042200 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09042200 frs-bus:SmallEntities 2023-06-01 2024-05-31 09042200 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09042200 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09042200 frs-bus:Director1 2023-06-01 2024-05-31 09042200 frs-countries:EnglandWales 2023-06-01 2024-05-31 09042200 2022-05-31 09042200 2023-05-31 09042200 2022-06-01 2023-05-31 09042200 frs-core:CurrentFinancialInstruments 2023-05-31 09042200 frs-core:ShareCapital 2023-05-31 09042200 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09042200
Capital Steam Installations Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Collins & Collins Ltd
Honeycombe House
167-169 High Road
Loughton
Essex
IG10 4LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09042200
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,063 70,767
59,063 70,767
CURRENT ASSETS
Stocks 5 2,239 1,224
Debtors 6 (756 ) 1,181
Cash at bank and in hand 99,363 72,065
100,846 74,470
Creditors: Amounts Falling Due Within One Year 7 (116,904 ) (125,180 )
NET CURRENT ASSETS (LIABILITIES) (16,058 ) (50,710 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,005 20,057
NET ASSETS 43,005 20,057
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 42,905 19,957
SHAREHOLDERS' FUNDS 43,005 20,057
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Clark Curley
Director
16/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Capital Steam Installations Ltd Registered number 09042200 is a limited by shares company incorporated in England & Wales. The Registered Office is 31 Grange Court, Upper Park, Loughton, Essex, IG10 4BN.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 48,029 55,241 33,967 137,237
Additions - - 3,893 3,893
Disposals - (14,241 ) - (14,241 )
As at 31 May 2024 48,029 41,000 37,860 126,889
Depreciation
As at 1 June 2023 22,677 30,277 13,516 66,470
Provided during the period 3,803 6,242 3,651 13,696
Disposals - (12,340 ) - (12,340 )
As at 31 May 2024 26,480 24,179 17,167 67,826
Net Book Value
As at 31 May 2024 21,549 16,821 20,693 59,063
As at 1 June 2023 25,352 24,964 20,451 70,767
5. Stocks
2024 2023
£ £
Finished goods 2,239 1,224
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (756 ) 1,181
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,084 35,833
Bank loans and overdrafts 33,333 38,889
Corporation tax 12,915 24,038
Other taxes and social security 870 562
VAT 16,601 21,418
Accruals and deferred income 23,492 2,495
Director's loan account 7,609 1,945
116,904 125,180
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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