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Registered number: 10807757
Captus Spectare Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Maurice J Bushell & Co Ltd.
Chartered Certified Accountants
Office 12
Epsilon House
Ipswich
Suffolk
IP3 9FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10807757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,378 27,866
Tangible Assets 5 5,055 2,960
9,433 30,826
CURRENT ASSETS
Debtors 6 5,406 -
Cash at bank and in hand 93,741 125,400
99,147 125,400
Creditors: Amounts Falling Due Within One Year 7 (2,144 ) (24,114 )
NET CURRENT ASSETS (LIABILITIES) 97,003 101,286
TOTAL ASSETS LESS CURRENT LIABILITIES 106,436 132,112
PROVISIONS FOR LIABILITIES
Deferred Taxation (960 ) (562 )
NET ASSETS 105,476 131,550
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 105,475 131,549
SHAREHOLDERS' FUNDS 105,476 131,550
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Townsend
Director
26 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Captus Spectare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10807757 . The registered office is 10 Cakes And Ale, Abbey Lane, Theburton, Suffolk, IP16 4TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 38,594
Disposals (18,453 )
As at 30 June 2024 20,141
Amortisation
As at 1 July 2023 10,728
Provided during the period 5,035
As at 30 June 2024 15,763
Net Book Value
As at 30 June 2024 4,378
As at 1 July 2023 27,866
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 618 6,062 6,680
Additions 3,779 - 3,779
As at 30 June 2024 4,397 6,062 10,459
Depreciation
As at 1 July 2023 180 3,540 3,720
Provided during the period 1,054 630 1,684
As at 30 June 2024 1,234 4,170 5,404
Net Book Value
As at 30 June 2024 3,163 1,892 5,055
As at 1 July 2023 438 2,522 2,960
6. Debtors
2024 2023
£ £
Due within one year
Director's loan account 5,406 -
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 18,694
Corporation tax - 2,801
VAT 1,544 1,544
Accruals and deferred income 600 1,018
Director's loan account - 57
2,144 24,114
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5