Registered number
08863554
Capricorn Interiors Limited
Filleted Accounts
30 April 2024
Capricorn Interiors Limited
Registered number: 08863554
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,027 1,540
Current assets
Stocks 47,568 47,306
Cash at bank and in hand 2,167 4,043
49,735 51,349
Creditors: amounts falling due within one year 4 (25,653) (25,840)
Net current assets 24,082 25,509
Net assets 25,109 27,049
Capital and reserves
Called up share capital 100 100
Profit and loss account 25,009 26,949
Shareholder's funds 25,109 27,049
The directors are 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 directors acknowledge their 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.
Khalid Majid
Director
Approved by the board on 20 January 2025
Capricorn Interiors Limited
Notes to the Accounts
for the year ended 30 April 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:
Fixtures, fittings, tools and equipment 20% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 May 2023 100 5,895 5,995
At 30 April 2024 100 5,895 5,995
Depreciation
At 1 May 2023 81 4,374 4,455
Charge for the year 4 509 513
At 30 April 2024 85 4,883 4,968
Net book value
At 30 April 2024 15 1,012 1,027
At 30 April 2023 19 1,521 1,540
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other loans 24,000 24,000
Director loan 242 442
Taxation and social security costs 1,006 993
Other creditors 405 405
25,653 25,840
5 Other information
Capricorn Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Birmingham Street
Oldbury
West Midlands
B69 4DY
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