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Registration number: 06525799

Capper Sharrock Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Capper Sharrock Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 12

 

Capper Sharrock Limited

Company Information

Director

Mr H Capper

Company secretary

Mrs C A Sharrock

Registered office

1 Bond Street
Colne
Lancashire
BB8 9DG

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Capper Sharrock Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Capper Sharrock Limited for the year ended 31 December 2024 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Capper Sharrock Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Capper Sharrock Limited and state those matters that we have agreed to state to the Board of Directors of Capper Sharrock Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capper Sharrock Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Capper Sharrock Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Capper Sharrock Limited. You consider that Capper Sharrock Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Capper Sharrock Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

4 April 2025

 

Capper Sharrock Limited

(Registration number: 06525799)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

38,606

48,258

Tangible assets

5

685,182

605,116

Other financial assets

6

22,200

22,440

 

745,988

675,814

Current assets

 

Stocks

7

1,276,029

1,253,084

Debtors

8

1,197,425

1,142,611

Cash at bank and in hand

 

1,360,338

987,120

 

3,833,792

3,382,815

Creditors: Amounts falling due within one year

9

(2,566,746)

(2,268,183)

Net current assets

 

1,267,046

1,114,632

Total assets less current liabilities

 

2,013,034

1,790,446

Creditors: Amounts falling due after more than one year

9

(201,148)

(99,492)

Provisions for liabilities

(169,951)

(147,959)

Net assets

 

1,641,935

1,542,995

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

-

10,000

Retained earnings

1,641,835

1,532,895

Shareholders' funds

 

1,641,935

1,542,995

 

Capper Sharrock Limited

(Registration number: 06525799)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 April 2025
 

.........................................
Mr H Capper
Director

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

The principal place of business is:
Unit B Chamberhall Business Park
Harvard Road
Bury
BL9 0ES

These financial statements were authorised for issue by the director on 4 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

2% reducing balance

Plant and macinery

20% reducing balance

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Fixtures and fittings

15% reducing balance and 25% straight line

Motor vehicles

20% reducing balance

Office equipment

20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 28 (2023 - 31).

4

Intangible assets

Website costs
 £

Total
£

Cost or valuation

At 1 January 2024

60,323

60,323

At 31 December 2024

60,323

60,323

Amortisation

At 1 January 2024

12,065

12,065

Amortisation charge

9,652

9,652

At 31 December 2024

21,717

21,717

Carrying amount

At 31 December 2024

38,606

38,606

At 31 December 2023

48,258

48,258

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

17,140

1,027,619

397,379

1,442,138

Additions

-

110,029

251,249

361,278

Disposals

-

(389,295)

(100,100)

(489,395)

At 31 December 2024

17,140

748,353

548,528

1,314,021

Depreciation

At 1 January 2024

1,297

585,512

250,213

837,022

Charge for the year

316

106,427

57,845

164,588

Eliminated on disposal

-

(293,226)

(79,545)

(372,771)

At 31 December 2024

1,613

398,713

228,513

628,839

Carrying amount

At 31 December 2024

15,527

349,640

320,015

685,182

At 31 December 2023

15,843

442,107

147,166

605,116

Included within the net book value of land and buildings above is £15,527 (2023 - £15,843) in respect of long leasehold land and buildings.
 

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

22,440

22,440

Fair value adjustments

(240)

(240)

At 31 December 2024

22,200

22,200

Impairment

Carrying amount

At 31 December 2024

22,200

22,200

7

Stocks

2024
£

2023
£

Other inventories

1,276,029

1,253,084

8

Debtors

2024
£

2023
£

Trade debtors

878,846

789,637

Prepayments

97,564

84,178

Other debtors

221,015

268,796

1,197,425

1,142,611

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

108,037

96,884

Trade creditors

 

2,207,566

1,871,033

Taxation and social security

 

233,131

282,591

Accruals and deferred income

 

5,563

9,135

Other creditors

 

12,449

8,540

 

2,566,746

2,268,183

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

201,148

99,492

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,060

20,606

Hire purchase contracts

195,088

78,886

201,148

99,492

Current loans and borrowings

2024
£

2023
£

Bank borrowings

14,546

14,545

Hire purchase contracts

93,491

82,339

108,037

96,884

The hire purchase contracts are secured on the assets concerned.

 

Capper Sharrock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11

Related party transactions

Transactions with directors and shareholders holding a participating interest in the company.

2024

At 1 January 2024
£

Advances
£

Repayments
£

At 31 December 2024
£

The loans are unsecured and are repayable on demand. Interest has been charged at the official rate.

268,843

222,221

(270,000)

221,064

 

2023

At 1 January 2023
£

Advances
£

Repayments
£

At 31 December 2023
£

The loans are unsecured and are repayable on demand. Interest has been charged at the official rate.

146,291

312,552

(190,000)

268,843