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Registration number: 03599503

Capelsys Limited

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2025

 

Capelsys Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Capelsys Limited

Company Information

Director

Mr R C Rowe

Company secretary

Mrs T Rowe

Registered office

Unit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

Accountants

David Jones & Co 2018 Limited
AccountantsUnit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

 

Capelsys Limited

Director's Report for the Year Ended 5 April 2025

The director presents his report and the financial statements for the year ended 5 April 2025.

Director of the company

The director who held office during the year was as follows:

Mr R C Rowe

Small companies provision statement

This report has 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.

Approved and authorised by the director on 15 May 2025
 

.........................................
Mr R C Rowe
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Capelsys Limited
for the Year Ended 5 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Capelsys Limited for the year ended 5 April 2025 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As the main director is a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Capelsys Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Capelsys Limited and state those matters that we have agreed to state to the Board of Directors of Capelsys Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capelsys Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Capelsys 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 Capelsys Limited. You consider that Capelsys 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 Capelsys 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.

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

David Jones & Co 2018 Limited
Accountants
Unit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

15 May 2025

 

Capelsys Limited

(Registration number: 03599503)
Balance Sheet as at 5 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,516

415

Current assets

 

Debtors

5

25,307

27,956

Cash at bank and in hand

 

10,482

9,283

 

35,789

37,239

Creditors: Amounts falling due within one year

6

(6,112)

(1,000)

Net current assets

 

29,677

36,239

Net assets

 

31,193

36,654

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

31,192

36,653

Shareholders' funds

 

31,193

36,654

For the financial year ending 5 April 2025 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 and 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 and Director's Report.

Approved and authorised by the director on 15 May 2025
 

.........................................
Mr R C Rowe
Director

 

Capelsys Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1

General information

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

The address of its registered office is:
Unit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

These financial statements were authorised for issue by the director on 15 May 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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Capelsys Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

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

Office furniture and equipment

25% reducing balance method

Computer equipment

25% straight line method

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.

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.

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.

 

Capelsys Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Office furniture and equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 6 April 2024

888

3,279

4,167

Additions

-

1,679

1,679

At 5 April 2025

888

4,958

5,846

Depreciation

At 6 April 2024

856

2,896

3,752

Charge for the year

8

570

578

At 5 April 2025

864

3,466

4,330

Carrying amount

At 5 April 2025

24

1,492

1,516

At 5 April 2024

32

383

415

5

Debtors

Current

2025
£

2024
£

Trade debtors

24,150

24,150

Prepayments

760

760

Other debtors

397

3,046

 

25,307

27,956

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

1,000

1,000

Other creditors

5,112

-

6,112

1,000

 

Capelsys Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Related party transactions

Transactions with the director

2025

At 6 April 2024
£

Repayments by director
£

At 5 April 2025
£

Mr R C Rowe

Loan to director

2,729

(2,729)

-

2024

At 6 April 2023
£

Advances to director
£

At 5 April 2024
£

Mr R C Rowe

Loan to director

-

2,729

2,729