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Registration number: 04295393

Capontree Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Capontree Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Capontree Limited

(Registration number: 04295393)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

170,231

203,286

Investments

6

100,496

84,016

 

270,727

287,302

Current assets

 

Stocks

252,708

230,137

Debtors

2,952,240

2,184,091

Cash at bank and in hand

 

195,268

122,093

 

3,400,216

2,536,321

Creditors: Amounts falling due within one year

7

(769,778)

(737,672)

Net current assets

 

2,630,438

1,798,649

Total assets less current liabilities

 

2,901,165

2,085,951

Creditors: Amounts falling due after more than one year

8

(12,813)

(18,214)

Provisions for liabilities

(42,558)

(50,288)

Net assets

 

2,845,794

2,017,449

Capital and reserves

 

Called up share capital

1,005

1,005

Profit and loss account

2,844,789

2,016,444

Total equity

 

2,845,794

2,017,449

 

Capontree Limited

(Registration number: 04295393)
Abridged Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

Ms P M Graham

Director

Mr D R Lewis

Director

Mr D A McCrea

Director

Mr B Mundell

Director

Mr K Beattie

Director

 

Capontree Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 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:
Capontree Veterinary Centre
Greenhill
Brampton
Cumbria
CA8 1SU

These financial statements were authorised for issue by the Board on 20 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Plant and machinery

15% reducing balance

Motor Vehicles

25% reducing balance

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

 

Capontree Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 45 (2023 - 38).

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2023

584,998

At 30 September 2024

584,998

Amortisation

At 1 October 2023

584,998

At 30 September 2024

584,998

Carrying amount

At 30 September 2024

-

5

Tangible assets

Total
£

Cost or valuation

At 1 October 2023

567,672

Additions

30,010

Disposals

(35,161)

At 30 September 2024

562,521

Depreciation

At 1 October 2023

364,386

Charge for the year

32,178

Eliminated on disposal

(4,274)

At 30 September 2024

392,290

Carrying amount

At 30 September 2024

170,231

At 30 September 2023

203,286

 

Capontree Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

6

Investments

Total
£

Cost or valuation

At 1 October 2023

100,496

Provision

Carrying amount

At 30 September 2024

100,496

At 30 September 2023

84,016

7

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £21,127 (2023 - £27,386).

8

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £8,086 (2023 - £18,214).

 

Capontree Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

9

Related party transactions

Advances to directors


Mr K Beattie

During the period Mr K Beattie went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £199,096 (2023 - £Nil). At the year end the amount outstanding from Mr K Beattie was £Nil (2023 - £-). Interest has been charged at the commercial rate.


Ms P M Graham

During the period Ms P M Graham went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £67,460 (2023 - £Nil). At the year end the amount outstanding from Ms P M Graham was £Nil (2023 - £-). Interest has been charged at the commercial rate.


Mr D A McCrea

During the period Mr D A McCrea went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £82,179 (2023 - £Nil). At the year end the amount outstanding from Mr D A McCrea was £35,786 (2023 - £-). Interest has been charged at the commercial rate.


Mr D R Lewis

During the period Mr D R Lewis went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £49,689 (2023 - £Nil). At the year end the amount outstanding from Mr D R Lewis was £Nil (2023 - £-). Interest has been charged at the commercial rate.


Mr B Mundell

During the period Mr B Mundell went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £55,995 (2023 - £Nil). At the year end the amount outstanding from Mr B Mundell was £Nil (2023 - £-). Interest has been charged at the commercial rate.