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REGISTERED NUMBER: 11166174 (England and Wales)















CAP EX ASSOCIATES TAX LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2024






CAP EX ASSOCIATES TAX LIMITED (REGISTERED NUMBER: 11166174)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cap Ex Associates Tax Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cap Ex Associates Tax Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Cap Ex Associates Tax Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cap Ex Associates Tax Limited and state those matters that we have agreed to state to the Board of Directors of Cap Ex Associates Tax Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cap Ex Associates Tax Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cap Ex Associates Tax Limited. You consider that Cap Ex Associates Tax Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cap Ex Associates Tax Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


30 October 2024

CAP EX ASSOCIATES TAX LIMITED (REGISTERED NUMBER: 11166174)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 495,546 241,076
Investments 5 140,000 130,000
635,546 371,076

Current assets
Debtors 6 1,460,096 2,476,980
Cash at bank 530,248 2,636,473
1,990,344 5,113,453
Creditors
Amounts falling due within one year 7 1,694,581 1,500,532
Net current assets 295,763 3,612,921
Total assets less current liabilities 931,309 3,983,997

Provisions for liabilities 66,160 34,564
Net assets 865,149 3,949,433

Capital and reserves
Called up share capital 100 100
Retained earnings 865,049 3,949,333
865,149 3,949,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





L Bould - Director


CAP EX ASSOCIATES TAX LIMITED (REGISTERED NUMBER: 11166174)

Notes to the Financial Statements
for the year ended 31 January 2024

1. Statutory information

Cap Ex Associates Tax 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: 11166174

Registered office: Sky View, Argosy Road
East Midlands Airport
Castle Donington
Derby
Derbyshire
DE74 2SA

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CAP EX ASSOCIATES TAX LIMITED (REGISTERED NUMBER: 11166174)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. Employees and directors

The average number of employees during the year was 26 (2023 - 13 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 February 2023 230,026 37,957 267,983
Additions 134,897 148,654 283,551
At 31 January 2024 364,923 186,611 551,534
Depreciation
At 1 February 2023 13,802 13,105 26,907
Charge for year 6,297 22,784 29,081
At 31 January 2024 20,099 35,889 55,988
Net book value
At 31 January 2024 344,824 150,722 495,546
At 31 January 2023 216,224 24,852 241,076

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
Cost
Additions 94,148
At 31 January 2024 94,148
Depreciation
Charge for year 7,846
At 31 January 2024 7,846
Net book value
At 31 January 2024 86,302

5. Fixed asset investments
Other
investments
£   
Cost
At 1 February 2023 130,000
Additions 10,000
At 31 January 2024 140,000
Net book value
At 31 January 2024 140,000
At 31 January 2023 130,000

CAP EX ASSOCIATES TAX LIMITED (REGISTERED NUMBER: 11166174)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 656,870 591,567
Amounts owed by group undertakings - 1,100,000
Other debtors 803,226 785,413
1,460,096 2,476,980

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 80,880 -
Trade creditors 21,278 67,546
Taxation and social security 742,716 1,112,132
Other creditors 849,707 320,854
1,694,581 1,500,532

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
L Bould and Mrs R J Bould
Balance outstanding at start of year 403,381 822,408
Amounts advanced 983,435 1,005,973
Amounts repaid (1,028,056 ) (1,425,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 358,760 403,381

Advances to directors are unsecured, but interest is charged by the company on the amounts outstanding. Interest of £9,385 (2022 £15,133) was charged in the year.

9. Related party disclosures

Included in other debtors is an amount of £74,447 (2023: £6,019) due from LRD Homes Limited, a company controlled by Mr L Bould.

Included in debtors - amounts owed by group undertakings is an amount of £Nil (2023: 1,100,000) due from parent company, Cap Ex Holdings Limited.

10. Ultimate controlling party

The company is a wholly owned subsidiary of Cap Ex Holdings Limited, a company also registered and incorporated in England & Wales. Cap Ex Holdings Limited is ultimately controlled by the company directors, who together hold the entire issued share capital.