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REGISTERED NUMBER: 11161694 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

CAPITAL AND SCULL LIMITED

CAPITAL AND SCULL LIMITED (REGISTERED NUMBER: 11161694)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL AND SCULL LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: E L Scull





REGISTERED OFFICE: Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP





REGISTERED NUMBER: 11161694 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Accountant
34 Swan Way
Church Crookham
Fleet
GU51 5TT

CAPITAL AND SCULL LIMITED (REGISTERED NUMBER: 11161694)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 29,500 36,000

CURRENT ASSETS
Debtors 5 2,253 14,869
Cash at bank 914 935
3,167 15,804
CREDITORS
Amounts falling due within one year 6 (9,811 ) (11,431 )
NET CURRENT (LIABILITIES)/ASSETS (6,644 ) 4,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,856

40,373

CREDITORS
Amounts falling due after more than one year 7 (21,636 ) (38,844 )
NET ASSETS 1,220 1,529

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 220 529
1,220 1,529

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 director acknowledges her 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.

CAPITAL AND SCULL LIMITED (REGISTERED NUMBER: 11161694)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





E L Scull - Director


CAPITAL AND SCULL LIMITED (REGISTERED NUMBER: 11161694)

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

1. STATUTORY INFORMATION

CAPITAL AND SCULL 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.

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of forty five 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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.

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

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.

CAPITAL AND SCULL LIMITED (REGISTERED NUMBER: 11161694)

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 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 36,000
Disposals (6,500 )
At 31 January 2024 29,500
NET BOOK VALUE
At 31 January 2024 29,500
At 31 January 2023 36,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 2,080
Other debtors 2,253 12,789
2,253 14,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 2,986 3,230
Taxation and social security 6,825 6,812
Other creditors - 1,389
9,811 11,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 7,136 2,844
Other creditors 14,500 36,000
21,636 38,844