CAPABLE FINANCE LTD

Company Registration Number:
11765267 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

CAPABLE FINANCE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CAPABLE FINANCE LTD

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The company's principal activity during the period was that of providing finance in the ethical, sustainable and renewable energy sectors.

Additional information

Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to : select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Colin Neil MALTBY
Brian STOCKBRIDGE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 March 2025

And signed on behalf of the board by:
Name: Brian STOCKBRIDGE
Status: Director

CAPABLE FINANCE LTD

Profit And Loss Account

for the Period Ended 30 June 2024

2024 18 months to 30 June 2023


£

£
Turnover: 115,500
Gross profit(or loss): 115,500
Administrative expenses: 6,978 ( 811,162 )
Operating profit(or loss): 6,978 (695,662)
Interest payable and similar charges: ( 131,823 )
Profit(or loss) before tax: 6,978 (827,485)
Tax: 16,352
Profit(or loss) for the financial year: 23,330 (827,485)

CAPABLE FINANCE LTD

Balance sheet

As at 30 June 2024

Notes 2024 18 months to 30 June 2023


£

£
Current assets
Cash at bank and in hand: 0 565
Total current assets: 0 565
Creditors: amounts falling due within one year: 3 ( 645,970 ) ( 669,865 )
Net current assets (liabilities): (645,970) (669,300)
Total assets less current liabilities: (645,970) ( 669,300)
Total net assets (liabilities): (645,970) (669,300)
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 98,900 98,900
Profit and loss account: (745,870 ) (769,200 )
Total Shareholders' funds: ( 645,970 ) (669,300)

The notes form part of these financial statements

CAPABLE FINANCE LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: Brian STOCKBRIDGE
Status: Director

The notes form part of these financial statements

CAPABLE FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

CAPABLE FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 18 months to 30 June 2023
    Average number of employees during the period 2 2

CAPABLE FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

2024 18 months to 30 June 2023
£ £
Bank loans and overdrafts 107
Taxation and social security 16,352
Accruals and deferred income 600 8,350
Other creditors 645,263 645,163
Total 645,970 669,865