Registered number
09442143
Capital 8 Limited
Filleted Accounts
31 May 2024
Capital 8 Limited
Registered number: 09442143
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,251,050 1,251,050
Current assets
Cash at bank and in hand 186,623 171,639
Creditors: amounts falling due within one year 4 (1,266,074) (1,270,847)
Net current liabilities (1,079,451) (1,099,208)
Net assets 171,599 151,842
Capital and reserves
Called up share capital 1 1
Profit and loss account 171,598 151,841
Shareholder's funds 171,599 151,842
Number of employees - -
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Peach
Director
Approved by the board on 6 January 2025
Capital 8 Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not being depreciated
Motor vehicles 20% on reducing balance
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: 0
Firm: The Accountancy Partnership
Date of audit report: 6 January 2025
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 1,251,050
At 31 May 2024 1,251,050
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 1,251,050
At 31 May 2023 1,251,050
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 4,634 9,610
Other creditors 1,261,440 1,261,237
1,266,074 1,270,847
5 Controlling party
The ultimate controlling party is the sole director, M Peach, who holds all the issued shares.
6 Other information
Capital 8 Limited is a private company limited by shares and incorporated in England. Its registered office is:
Dalton House
60 Windsor Avenue
London
SW19 2RR
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