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Company Registration No. 13400918 (England and Wales)
Capital Competitions Ltd Unaudited accounts for the period from 1 June 2023 to 31 December 2023
Capital Competitions Ltd Unaudited accounts Contents
Page
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Capital Competitions Ltd Company Information for the period from 1 June 2023 to 31 December 2023
Directors
Jamie Andrew Jackson Mark Stephen Pitchers Charlotte Midgley Judith Pitchers
Company Number
13400918 (England and Wales)
Registered Office
Capital Angling Ltd Unit 2a Fallow Road, Staveley Chesterfield Derbyshire S43 3BF England
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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Capital Competitions Ltd Statement of financial position as at 31 December 2023
31/12/2023 
31/05/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,151 
- 
Current assets
Inventories
95,954 
34,578 
Debtors
178,650 
83,063 
Cash at bank and in hand
348,358 
89,015 
622,962 
206,656 
Creditors: amounts falling due within one year
(167,480)
(34,953)
Net current assets
455,482 
171,703 
Total assets less current liabilities
521,633 
171,703 
Provisions for liabilities
Deferred tax
(16,537)
- 
Net assets
505,096 
171,703 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
505,094 
171,701 
Shareholders' funds
505,096 
171,703 
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by
Jamie Andrew Jackson Director Company Registration No. 13400918
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Capital Competitions Ltd Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
1
Statutory information
Capital Competitions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13400918. The registered office is Capital Angling Ltd, Unit 2a, Fallow Road, Staveley, Chesterfield, Derbyshire, S43 3BF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Capital Competitions Ltd Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
- 
- 
Additions
68,654 
1,252 
69,906 
At 31 December 2023
68,654 
1,252 
69,906 
Depreciation
Charge for the period
3,655 
100 
3,755 
At 31 December 2023
3,655 
100 
3,755 
Net book value
At 31 December 2023
64,999 
1,152 
66,151 
5
Inventories
31/12/2023 
31/05/2023 
£ 
£ 
Finished goods
95,954 
34,578 
95,954 
34,578 
6
Debtors
31/12/2023 
31/05/2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
26,203 
Trade debtors
- 
15,903 
Amounts due from group undertakings etc.
18,370 
40,955 
Other debtors
160,280 
2 
178,650 
83,063 
7
Creditors: amounts falling due within one year
31/12/2023 
31/05/2023 
£ 
£ 
Trade creditors
18,346 
- 
Amounts owed to group undertakings and other participating interests
54,062 
- 
Taxes and social security
90,472 
30,373 
Other creditors
- 
480 
Loans from directors
600 
600 
Accruals
4,000 
3,500 
167,480 
34,953 
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Capital Competitions Ltd Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
8
Share capital
31/12/2023 
31/05/2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Controlling party
The directors consider the ultimate controlling parent undertaking to be Capital UK Holdings Ltd, a company incorporated in England.
10
Average number of employees
During the period the average number of employees was 7 (31/05/2023: 4).
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