Registered number
08821677
CAPSTONE FACILITIES SERVICES LIMITED
Filleted Accounts
31 December 2024
CAPSTONE FACILITIES SERVICES LIMITED
Registered number: 08821677
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,545 18,662
Current assets
Debtors 4 912,771 198,296
Cash at bank and in hand 866,974 228,632
1,779,745 426,928
Creditors: amounts falling due within one year 5 (1,324,501) (194,606)
Net current assets 455,244 232,322
Net assets 475,789 250,984
Capital and reserves
Called up share capital 100 100
Profit and loss account 475,689 250,884
Shareholders' funds 475,789 250,984
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L T Stanley
Director
Approved by the board on 2 April 2025
CAPSTONE FACILITIES SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Computer equipment Plant and machinery etc Fixtures and fittings Total
£ £ £ £
Cost
At 1 January 2024 9,665 34,334 9,177 53,176
Additions 6,894 - 1,595 8,489
At 31 December 2024 16,559 34,334 10,772 61,665
Depreciation
At 1 January 2024 4,833 23,470 6,211 34,514
Charge for the year 2,932 2,716 958 6,606
At 31 December 2024 7,765 26,186 7,169 41,120
Net book value
At 31 December 2024 8,794 8,148 3,603 20,545
At 31 December 2023 4,832 10,864 2,966 18,662
4 Debtors 2024 2023
£ £
Trade debtors 722,511 158,036
Other debtors 190,260 40,260
912,771 198,296
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 922,821 88,361
Taxation and social security costs 396,392 104,745
Other creditors 5,288 1,500
1,324,501 194,606
6 Other information
CAPSTONE FACILITIES SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
40 Lime Street
London
EC3M 7AW
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