Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-072false2023-09-01falseconsultancy2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09183360 2023-09-01 2024-08-31 09183360 2022-09-01 2023-08-31 09183360 2024-08-31 09183360 2023-08-31 09183360 c:Director1 2023-09-01 2024-08-31 09183360 c:Director2 2023-09-01 2024-08-31 09183360 c:RegisteredOffice 2023-09-01 2024-08-31 09183360 d:MotorVehicles 2023-09-01 2024-08-31 09183360 d:MotorVehicles 2024-08-31 09183360 d:MotorVehicles 2023-08-31 09183360 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09183360 d:OfficeEquipment 2023-09-01 2024-08-31 09183360 d:OfficeEquipment 2024-08-31 09183360 d:OfficeEquipment 2023-08-31 09183360 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09183360 d:ComputerEquipment 2023-09-01 2024-08-31 09183360 d:ComputerEquipment 2024-08-31 09183360 d:ComputerEquipment 2023-08-31 09183360 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09183360 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09183360 d:CurrentFinancialInstruments 2024-08-31 09183360 d:CurrentFinancialInstruments 2023-08-31 09183360 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09183360 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09183360 d:ShareCapital 2024-08-31 09183360 d:ShareCapital 2023-08-31 09183360 d:RetainedEarningsAccumulatedLosses 2024-08-31 09183360 d:RetainedEarningsAccumulatedLosses 2023-08-31 09183360 c:OrdinaryShareClass1 2023-09-01 2024-08-31 09183360 c:OrdinaryShareClass1 2024-08-31 09183360 c:OrdinaryShareClass1 2023-08-31 09183360 c:OrdinaryShareClass2 2023-09-01 2024-08-31 09183360 c:OrdinaryShareClass2 2024-08-31 09183360 c:OrdinaryShareClass2 2023-08-31 09183360 c:OrdinaryShareClass3 2023-09-01 2024-08-31 09183360 c:OrdinaryShareClass3 2024-08-31 09183360 c:OrdinaryShareClass3 2023-08-31 09183360 c:OrdinaryShareClass4 2023-09-01 2024-08-31 09183360 c:OrdinaryShareClass4 2024-08-31 09183360 c:OrdinaryShareClass4 2023-08-31 09183360 c:OrdinaryShareClass5 2023-09-01 2024-08-31 09183360 c:OrdinaryShareClass5 2024-08-31 09183360 c:OrdinaryShareClass5 2023-08-31 09183360 c:FRS102 2023-09-01 2024-08-31 09183360 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09183360 c:FullAccounts 2023-09-01 2024-08-31 09183360 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09183360 2 2023-09-01 2024-08-31 09183360 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 09183360












CAPSILEO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 

CAPSILEO LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 9

 

CAPSILEO LIMITED
 
COMPANY INFORMATION


Directors
S D Bretagne 
F Pignal 




Registered number
09183360



Registered office
35 Cornwall Grove
Chiswick

London

W4 2LB




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:09183360
CAPSILEO LIMITED

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,237
19,129

  
8,237
19,129

Current assets
  

Debtors: amounts falling due within one year
 5 
28,644
61,031

Cash at bank and in hand
  
69,569
96,187

  
98,213
157,218

Creditors: amounts falling due within one year
  
(31,426)
(52,314)

Net current assets
  
 
 
66,787
 
 
104,904

  

Net assets
  
75,024
124,033


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
74,924
123,933

Total equity
  
75,024
124,033

Page 2


 
REGISTERED NUMBER:09183360
CAPSILEO LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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 on 7 May 2025.




S D Bretagne
Director

The notes on pages 4 to 9 form part of these financial statements.
Page 3

 

CAPSILEO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Capsileo Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35 Cornwall Grove, Chiswick, London, W4 2LB.
The financial statements are presented in Sterling (£), which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue represents amounts receivable for services net of VAT.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.  Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 4

 

CAPSILEO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.


2.6

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Page 5

 

CAPSILEO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)




Financial instruments (continued)

Financial liabilities

Basic financial liabilities, including trade and other creditors, and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

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

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

  
2.7

Share capital

Ordinary shares are classified as equity.

Page 6

 

CAPSILEO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Interest income

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

 
2.9

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Sterling (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

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. 

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.

 
2.11

Current and deferred tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 7

 

CAPSILEO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 September 2023
57,580
4,397
23,057
85,034


Additions
-
-
2,490
2,490


Disposals
-
(1,181)
(4,056)
(5,237)



At 31 August 2024

57,580
3,216
21,491
82,287



Depreciation


At 1 September 2023
46,064
4,003
15,838
65,905


Charge for the year 
11,516
7
140
11,663


Disposals
-
(1,118)
(2,400)
(3,518)



At 31 August 2024

57,580
2,892
13,578
74,050



Net book value



At 31 August 2024
-
324
7,913
8,237



At 31 August 2023
11,516
394
7,219
19,129

Page 8

 

CAPSILEO LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
21,424
54,793

Other debtors
-
207

Prepayments
7,220
6,031

28,644
61,031



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



47 (2023 - 47) Ordinary A shares of £1.00 each
47
47
47 (2023 - 47) Ordinary B shares of £1.00 each
47
47
2 (2023 - 2) Ordinary C shares of £1.00 each
2
2
2 (2023 - 2) Ordinary D shares of £1.00 each
2
2
2 (2023 - 2) Ordinary E shares of £1.00 each
2
2

100

100



7.


Related party transactions

Included within other creditors is an amount of £422 (2023: £109) due to the directors. These loans are provided interest free and are unsecured. There are no formal terms and conditions regarding repayment of these loans. 

 
Page 9