Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false1shopfitting and building completion12023-04-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06093724 2023-04-01 2024-03-31 06093724 2022-04-01 2023-03-31 06093724 2024-03-31 06093724 2023-03-31 06093724 c:Director1 2023-04-01 2024-03-31 06093724 d:CurrentFinancialInstruments 2024-03-31 06093724 d:CurrentFinancialInstruments 2023-03-31 06093724 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06093724 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06093724 d:ShareCapital 2024-03-31 06093724 d:ShareCapital 2023-03-31 06093724 d:RetainedEarningsAccumulatedLosses 2024-03-31 06093724 d:RetainedEarningsAccumulatedLosses 2023-03-31 06093724 c:FRS102 2023-04-01 2024-03-31 06093724 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06093724 c:FullAccounts 2023-04-01 2024-03-31 06093724 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06093724 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 06093724






CAP CONTRACTS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










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CAP CONTRACTS LTD
REGISTERED NUMBER:06093724

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,277
19,380

Cash at bank and in hand
  
-
11,102

  
1,277
30,482

Creditors: amounts falling due within one year
 5 
(1,275)
(1,733)

Net current assets
  
 
 
2
 
 
28,749

Total assets less current liabilities
  
2
28,749

  

Net assets
  
2
28,749


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
-
28,747

  
2
28,749


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Christopher Rowlett
Director

Date: 24 January 2025

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CAP CONTRACTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cap Contracts Ltd is a provate company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex SS4 1DB. 
The principal activity of the company continued to be that of shopfitting and other building completion.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
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CAP CONTRACTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).

Page 3

 
CAP CONTRACTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Other debtors
1,277
19,380

1,277
19,380



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
-
718

Accruals and deferred income
1,275
1,015

1,275
1,733



6.


Transactions with directors

At the balance sheet, included within other debtors, was an interest free loan to the director of the company totalling £1,277 (2023: £Nil).

 
Page 4