Company Registration No. 13676729 (England and Wales)
CAP (Southend) Ltd
Unaudited accounts
for the year ended 31 October 2023
CAP (Southend) Ltd
Unaudited accounts
Contents
CAP (Southend) Ltd
Company Information
for the year ended 31 October 2023
Company Number
13676729 (England and Wales)
Registered Office
39 Ilfracombe Road
Southend-on-Sea
Essex
SS2 4PA
Accountants
TB Accounts Ltd
36 Wedgwood Way
Rochford
Essex
SS4 3AS
CAP (Southend) Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
27,000
36,000
Tangible assets
2,778
3,993
Cash at bank and in hand
11,785
23,973
Creditors: amounts falling due within one year
(46,839)
(63,635)
Net current liabilities
(29,236)
(36,662)
Called up share capital
2
2
Profit and loss account
540
3,329
Shareholders' funds
542
3,331
For the year ending 31 October 2023 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Clare Saunders
Director
Company Registration No. 13676729
CAP (Southend) Ltd
Notes to the Accounts
for the year ended 31 October 2023
CAP (Southend) Ltd is a private company, limited by shares, registered in England and Wales, registration number 13676729. The registered office is 39 Ilfracombe Road, Southend-on-Sea, Essex, SS2 4PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. .
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulated impairment losses.
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Taxation for the year comprises current 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 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.
CAP (Southend) Ltd
Notes to the Accounts
for the year ended 31 October 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
4,167
1,302
5,469
At 31 October 2023
4,167
1,302
5,469
At 1 November 2022
1,042
434
1,476
Charge for the year
781
434
1,215
At 31 October 2023
1,823
868
2,691
At 31 October 2023
2,344
434
2,778
At 31 October 2022
3,125
868
3,993
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,681
2,528
Other creditors
29,591
53,615
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
CAP (Southend) Ltd
Notes to the Accounts
for the year ended 31 October 2023
8
Average number of employees
During the year the average number of employees was 11 (2022: 11).