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REGISTERED NUMBER: 02810043 (England and Wales)


















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 November 2024

for

CAPITOL ENGINEERING SERVICES LIMITED

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 9

Statement of Financial Position 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13


CAPITOL ENGINEERING SERVICES LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTORS: G J Marchesi
A C Trevenna
P J Gardiner
P J Godfrey





SECRETARY: G J Marchesi





REGISTERED OFFICE: Capitol House
232 Tolworth Rise South
Tolworth
Surrey
KT5 9ND





REGISTERED NUMBER: 02810043 (England and Wales)





AUDITORS: BDA Associates Limited
Statutory Auditor
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Strategic Report
for the Year Ended 30 November 2024

The directors present their strategic report for the year ended 30 November 2024.

REVIEW OF BUSINESS
Sales are slightly down but have remained consistent with the previous year, however, profits have increased by nearly 10%. This increased profitability has been achieved by improved systems and therefore improved productivity. In turn this has led to improved service to meet all customer KPIs effectively. The results for the year are in line with the directors' expectations.
Our business strategy remains focused on customer retention, with growth targeted through the expansion of enhanced services to our existing client base.
The company operates through a divisional structure. Each division is led by a Director and a Manager, responsible for managing resources, customer delivery, and profitability. Managers are supported by a central finance department that provides weekly and monthly reports. These reports are reviewed and discussed at monthly board meetings.

PRINCIPAL RISKS AND UNCERTAINTIES
We have been trading for 32 years and our clients are primarily large UK-based businesses with well-established track records. Managers maintain regular contact with their counterparts in customer organisations, with continuous communication ensuring alignment and responsiveness. The most significant risks remain centred on maintaining strong client relationships and ensuring that our own employees are recognised and rewarded appropriately. We continue to benefit from a very low staff attrition rate.
Credit control remains a critical function. Any potential bad debt is escalated and addressed at the highest level immediately. We are pleased to report that no bad debt has been incurred in the past three years.
Our customers operate in the Retail and Commercial sectors, which have historically shown strong resilience to market fluctuations. Our services are essential to their operations. In the event of a significant downturn in sales, we maintain a highly flexible workforce model that allows us to scale operations up or down quickly and efficiently.

ON BEHALF OF THE BOARD:





G J Marchesi - Director


23 July 2025

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Report of the Directors
for the Year Ended 30 November 2024

The directors present their report with the financial statements of the company for the year ended 30 November 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of heating, ventilation and air conditioning maintenance and installation.

DIVIDENDS
No dividends will be distributed for the year ended 30 November 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

G J Marchesi
A C Trevenna
P J Gardiner
P J Godfrey

Other changes in directors holding office are as follows:

M P Marchesi ceased to be a director after 30 November 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

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 of 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;
-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 company's 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. They 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Report of the Directors
for the Year Ended 30 November 2024


AUDITORS
The auditors, BDA Associates Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





G J Marchesi - Director


23 July 2025

Report of the Independent Auditors to the Members of
Capitol Engineering Services Limited

Opinion
We have audited the financial statements of Capitol Engineering Services Limited (the 'company') for the year ended 30 November 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 November 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Capitol Engineering Services Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Capitol Engineering Services Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud -
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry in which the business operates,
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, and the company’s legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Report of the Independent Auditors to the Members of
Capitol Engineering Services Limited


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Rajesh Amin (Senior Statutory Auditor)
for and on behalf of BDA Associates Limited
Statutory Auditor
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

23 July 2025

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Statement of Income and
Retained Earnings
for the Year Ended 30 November 2024

30.11.24 30.11.23
Notes £    £   

REVENUE 15,303,475 15,707,089

Cost of sales (11,946,995 ) (12,627,652 )
GROSS PROFIT 3,356,480 3,079,437

Administrative expenses (2,641,250 ) (2,421,289 )
OPERATING PROFIT 4 715,230 658,148

Interest receivable and similar income 35,549 17,019
750,779 675,167

Interest payable and similar expenses 5 (55,118 ) (39,215 )
PROFIT BEFORE TAXATION 695,661 635,952

Tax on profit 6 (196,539 ) (167,237 )
PROFIT FOR THE FINANCIAL YEAR 499,122 468,715

Retained earnings at beginning of year 2,860,080 2,391,365

RETAINED EARNINGS AT END OF
YEAR

3,359,202

2,860,080

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 7 1,072,988 940,534

CURRENT ASSETS
Debtors 8 3,607,179 3,152,922
Cash at bank 2,492,737 1,920,168
6,099,916 5,073,090
CREDITORS
Amounts falling due within one year 9 2,957,577 2,346,954
NET CURRENT ASSETS 3,142,339 2,726,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,215,327

3,666,670

CREDITORS
Amounts falling due after more than one
year

10

(585,800

)

(570,778

)

PROVISIONS FOR LIABILITIES 12 (246,323 ) (211,810 )
NET ASSETS 3,383,204 2,884,082

CAPITAL AND RESERVES
Called up share capital 13 24,002 24,002
Retained earnings 14 3,359,202 2,860,080
SHAREHOLDERS' FUNDS 3,383,204 2,884,082

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





G J Marchesi - Director


CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Statement of Cash Flows
for the Year Ended 30 November 2024

30.11.24 30.11.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,026,351 936,766
Interest element of hire purchase payments
paid

(55,118

)

(39,215

)
Tax paid (63,239 ) (251,104 )
Net cash from operating activities 907,994 646,447

Cash flows from investing activities
Purchase of tangible fixed assets (493,063 ) (654,214 )
Sale of tangible fixed assets 51,031 46,450
Interest received 35,549 17,019
Net cash from investing activities (406,483 ) (590,745 )

Cash flows from financing activities
Loans from related parties - 92,461
Loans to related parties (64,792 ) -
Capital repayments in year 135,850 347,317
Net cash from financing activities 71,058 439,778

Increase in cash and cash equivalents 572,569 495,480
Cash and cash equivalents at beginning of
year

2

1,920,168

1,424,688

Cash and cash equivalents at end of year 2 2,492,737 1,920,168

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Notes to the Statement of Cash Flows
for the Year Ended 30 November 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.11.24 30.11.23
£    £   
Profit before taxation 695,661 635,952
Depreciation charges 360,609 261,247
Profit on disposal of fixed assets (51,031 ) (46,450 )
Finance costs 55,118 39,215
Finance income (35,549 ) (17,019 )
1,024,808 872,945
(Increase)/decrease in trade and other debtors (454,257 ) 386,866
Increase/(decrease) in trade and other creditors 455,800 (323,045 )
Cash generated from operations 1,026,351 936,766

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 November 2024
30.11.24 1.12.23
£    £   
Cash and cash equivalents 2,492,737 1,920,168
Year ended 30 November 2023
30.11.23 1.12.22
£    £   
Cash and cash equivalents 1,920,168 1,424,688


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.23 Cash flow At 30.11.24
£    £    £   
Net cash
Cash at bank 1,920,168 572,569 2,492,737
1,920,168 572,569 2,492,737
Debt
Finance leases (854,254 ) (135,850 ) (990,104 )
(854,254 ) (135,850 ) (990,104 )
Total 1,065,914 436,719 1,502,633

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Capitol Engineering Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the process of applying its accounting policies, the company is required to make certain estimates, judgements and assumptions that it believes are reasonable based on the information available. These judgements, estimates and assumptions affect the amounts of assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognised during the reporting periods presented. On an ongoing basis, the company evaluates its estimates using historical experience, consultation with experts and other methods considered reasonable in the particular circumstances. Actual results may differ significantly from the estimates, the effect of which is recognised in the period in which the facts that give rise to the revision become known.

Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the ability of the company to generate sufficient cashflows to continue its operation and meet obligations as they fall due, with reference to existing cash and funding resources, forecast known and expected income levels and known and planned cash commitments.
The directors have concluded that the company is a going concern. In this assessment, the directors have paid particular attention and placed emphasis on the period of twelve months after the date of this report.

3. EMPLOYEES AND DIRECTORS
30.11.24 30.11.23
£    £   
Wages and salaries 4,168,239 3,566,337
Social security costs 458,734 388,607
Other pension costs 77,411 71,775
4,704,384 4,026,719

The average number of employees during the year was as follows:
30.11.24 30.11.23

Technical 75 70
Administration 8 8
83 78

30.11.24 30.11.23
£    £   
Directors' remuneration 412,440 389,096

Information regarding the highest paid director is as follows:
30.11.24 30.11.23
£    £   
Emoluments etc 115,600 117,332

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.11.24 30.11.23
£    £   
Depreciation - owned assets 360,609 261,247
Profit on disposal of fixed assets (51,031 ) (46,450 )

5. INTEREST PAYABLE AND SIMILAR EXPENSES
30.11.24 30.11.23
£    £   
Hire purchase interest 55,118 39,215

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.11.24 30.11.23
£    £   
Current tax:
UK corporation tax 162,026 63,239

Deferred tax 34,513 103,998
Tax on profit 196,539 167,237

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.11.24 30.11.23
£    £   
Profit before tax 695,661 635,952
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 23%)

173,915

146,269

Effects of:
Expenses not deductible for tax purposes 22,624 15,125
Capital allowances in excess of depreciation (34,513 ) (98,155 )
Movement in deferred taxation 34,513 103,998
Total tax charge 196,539 167,237

7. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 6,374 1,836,159 1,842,533
Additions - 493,063 493,063
Disposals - (247,928 ) (247,928 )
At 30 November 2024 6,374 2,081,294 2,087,668
DEPRECIATION
At 1 December 2023 6,374 895,625 901,999
Charge for year - 360,609 360,609
Eliminated on disposal - (247,928 ) (247,928 )
At 30 November 2024 6,374 1,008,306 1,014,680
NET BOOK VALUE
At 30 November 2024 - 1,072,988 1,072,988
At 30 November 2023 - 940,534 940,534

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 3,589,935 3,132,091
Other debtors 17,244 20,831
3,607,179 3,152,922

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts (see note 11) 404,304 283,476
Trade creditors 1,626,022 1,329,421
Amounts owed to related parties 84,263 149,055
Corporation tax 162,026 63,239
Social security & other tax 177,150 127,431
VAT 318,390 203,426
Accruals and deferred income 185,422 190,906
2,957,577 2,346,954

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts (see note 11) 585,800 570,778

11. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.24 30.11.23
£    £   
Net obligations repayable:
Within one year 404,304 283,476
Between one and five years 585,800 570,778
990,104 854,254

12. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 246,323 211,810

Deferred
tax
£   
Balance at 1 December 2023 211,810
Provided during year 34,513
Balance at 30 November 2024 246,323

CAPITOL ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02810043)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
24,002 Ordinary £1 24,002 24,002

14. RESERVES
Retained
earnings
£   

At 1 December 2023 2,860,080
Profit for the year 499,122
At 30 November 2024 3,359,202

15. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence
30.11.24 30.11.23
£    £   
Sales 213,805 320,757
Purchases 831,342 956,247
Amount due to related party 84,263 149,055

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G J Marchesi.