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REGISTERED NUMBER: 12021566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Capitol Holdings Ltd

Capitol Holdings Ltd (Registered number: 12021566)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capitol Holdings Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Z Pirmohamed





SECRETARY:





REGISTERED OFFICE: The Wenta Business Centre
Colne Way
Watford
WD24 7ND





REGISTERED NUMBER: 12021566 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Capitol Holdings Ltd (Registered number: 12021566)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,709 22,833

CURRENT ASSETS
Debtors 5 143,764 39,815
Cash at bank 182,844 169,358
326,608 209,173
CREDITORS
Amounts falling due within one year 6 142,113 51,055
NET CURRENT ASSETS 184,495 158,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,204

180,951

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 218,203 180,950
218,204 180,951

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

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

The director acknowledges his 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.

Capitol Holdings Ltd (Registered number: 12021566)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





Z Pirmohamed - Director


Capitol Holdings Ltd (Registered number: 12021566)

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

1. STATUTORY INFORMATION

Capitol Holdings Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Capitol Holdings Ltd (Registered number: 12021566)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 43,452
Additions 22,112
At 31 May 2024 65,564
DEPRECIATION
At 1 June 2023 20,619
Charge for year 11,236
At 31 May 2024 31,855
NET BOOK VALUE
At 31 May 2024 33,709
At 31 May 2023 22,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 17,488 17,488
Other debtors 126,276 22,327
143,764 39,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 64,870 47,494
Other creditors 77,243 3,561
142,113 51,055

Capitol Holdings Ltd (Registered number: 12021566)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year - 13,004
Between one and five years - 52,016
- 65,020