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REGISTERED NUMBER: 03482554 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Capix Limited

Capix Limited (Registered number: 03482554)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Capix Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N C Dean
A J Corbett





SECRETARY:





REGISTERED OFFICE: Woodbine Farm
Lutton
Peterborough
PE8 5ND





REGISTERED NUMBER: 03482554 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Capix Limited (Registered number: 03482554)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 61,665 77,080
Tangible assets 5 70,703 68,076
132,368 145,156

CURRENT ASSETS
Stocks 44,094 70,614
Debtors 6 152,287 123,569
Cash at bank 163,823 161,571
360,204 355,754
CREDITORS
Amounts falling due within one year 7 274,147 331,581
NET CURRENT ASSETS 86,057 24,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,425

169,329

CREDITORS
Amounts falling due after more than one year 8 (33,865 ) (51,511 )

PROVISIONS FOR LIABILITIES (15,080 ) (11,424 )
NET ASSETS 169,480 106,394

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 169,478 106,392
SHAREHOLDERS' FUNDS 169,480 106,394

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 1 October 2024 and were signed on its behalf by:





N C Dean - Director


Capix Limited (Registered number: 03482554)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Capix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

Capix Limited (Registered number: 03482554)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 154,155
AMORTISATION
At 1 February 2023 77,075
Charge for year 15,415
At 31 January 2024 92,490
NET BOOK VALUE
At 31 January 2024 61,665
At 31 January 2023 77,080

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 110,761
Additions 29,498
Disposals (917 )
At 31 January 2024 139,342
DEPRECIATION
At 1 February 2023 42,685
Charge for year 26,137
Eliminated on disposal (183 )
At 31 January 2024 68,639
NET BOOK VALUE
At 31 January 2024 70,703
At 31 January 2023 68,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 73,163 92,489
Amounts owed by group undertakings 42,212 31,080
Other debtors 36,912 -
152,287 123,569

Capix Limited (Registered number: 03482554)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,647 7,647
Trade creditors 36,820 48,251
Amounts owed to group undertakings 20,557 42,926
Taxation and social security 68,067 46,228
Other creditors 131,056 176,529
274,147 331,581

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 16,666 26,667
Hire purchase contracts 17,199 24,844
33,865 51,511

9. OTHER FINANCIAL COMMITMENTS

Total future commitments at 31 January 2024 £38,604.

10. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of N C D Property Developments Limited. Mr N C Dean is the ultimate controlling party by virtue of his shareholding in N C D Property Developments Limited.