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REGISTERED NUMBER: 03775179 (England and Wales)

















Unaudited Financial Statements for the Year Ended 27 February 2024

for

Captrad Limited

Captrad Limited (Registered number: 03775179)






Contents of the Financial Statements
for the Year Ended 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Captrad Limited

Company Information
for the Year Ended 27 February 2024







DIRECTORS: Mr P R Capstick
Mrs S L Capstick





SECRETARY: Mrs S L Capstick





REGISTERED OFFICE: 6a Gratton Place
East Gillibrands
Skelmersdale
WN8 9UE





REGISTERED NUMBER: 03775179 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Captrad Limited (Registered number: 03775179)

Balance Sheet
27 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 165,335 146,482
165,335 146,482

CURRENT ASSETS
Stocks 356,859 339,081
Debtors 5 509,913 485,854
Cash at bank and in hand 1,498,300 1,256,623
2,365,072 2,081,558
CREDITORS
Amounts falling due within one year 6 (447,400 ) (536,231 )
NET CURRENT ASSETS 1,917,672 1,545,327
TOTAL ASSETS LESS CURRENT LIABILITIES 2,083,007 1,691,809

CREDITORS
Amounts falling due after more than one year 7 (76,044 ) (60,436 )

PROVISIONS FOR LIABILITIES (41,334 ) (36,621 )
NET ASSETS 1,965,629 1,594,752

Captrad Limited (Registered number: 03775179)

Balance Sheet - continued
27 February 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 63 63
Capital redemption reserve 37 37
Retained earnings 1,965,529 1,594,652
1,965,629 1,594,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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 27 November 2024 and were signed on its behalf by:





Mr P R Capstick - Director


Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements
for the Year Ended 27 February 2024

1. 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.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

The cost of the property is considered to be equal to the residual value and therefore no depreciation is provided.

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.

Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

1. ACCOUNTING POLICIES - continued

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 February 2023
and 27 February 2024 7,000
AMORTISATION
At 28 February 2023
and 27 February 2024 7,000
NET BOOK VALUE
At 27 February 2024 -
At 27 February 2023 -

Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 28 February 2023 38,649 7,547 211,965 258,161
Additions 16,200 1,991 80,643 98,834
Disposals - - (75,246 ) (75,246 )
At 27 February 2024 54,849 9,538 217,362 281,749
DEPRECIATION
At 28 February 2023 23,203 4,285 84,191 111,679
Charge for year 7,912 788 45,712 54,412
Eliminated on disposal - - (49,677 ) (49,677 )
At 27 February 2024 31,115 5,073 80,226 116,414
NET BOOK VALUE
At 27 February 2024 23,734 4,465 137,136 165,335
At 27 February 2023 15,446 3,262 127,774 146,482

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 28 February 2023 169,135
Additions 80,643
Disposals (59,251 )
At 27 February 2024 190,527
DEPRECIATION
At 28 February 2023 63,288
Charge for year 40,764
Eliminated on disposal (35,817 )
At 27 February 2024 68,235
NET BOOK VALUE
At 27 February 2024 122,292
At 27 February 2023 105,847

Captrad Limited (Registered number: 03775179)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 424,946 339,275
Directors' current accounts 35,336 91,290
Tax 8,667 8,667
Prepayments 40,964 46,622
509,913 485,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,534 14,407
Trade creditors 220,750 285,482
Amounts owed to related undertakings - 82,710
Tax 130,339 105,394
Social security and other taxes 8,268 5,564
Pension control 933 658
VAT 59,256 34,079
A Bullen creditor - 1,988
Accruals and deferred income 8,320 5,949
447,400 536,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 76,044 60,436

8. RELATED PARTY DISCLOSURES

During the year, the company made various advances to the director amounting to £78,863 and a total of £136,212 was repaid. As at 27 February 2024, a total of £35,337 (2023 - £91,290) was owed to the company.

Interest was charged at a rate of 2.5% for the year, totalling £1,396 (2023 - £1,395).

Rent was paid to the director during the year totalling £13,000 (2023 - £13,000) for use of a commercial property.

At the year end, the company owed £nil (2023 - £82,710) to Captrad Holdings Limited. P Capstick is a director and shareholder of Captrad Holdings Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P R Capstick.