REGISTERED NUMBER: 03482554 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Capix Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N C Dean

A J Corbett

SECRETARY:

REGISTERED OFFICE:

Woodbine Farm

Lutton

Peterborough

PE8 5ND

REGISTERED NUMBER:

03482554 (England and Wales)

ACCOUNTANTS:

OCL Accountancy

141 Englishcombe Lane

Bath

BA2 2EL

FIXED ASSETS

Intangible assets

4

46,249

61,665

Tangible assets

5

59,707

70,703

105,956

132,368

CURRENT ASSETS

Stocks

89,900

44,094

Debtors

6

206,004

152,287

Cash at bank

150,119

163,823

446,023

360,204

CREDITORS

Amounts falling due within one year

7

428,835

274,147

NET CURRENT ASSETS

17,188

86,057

TOTAL ASSETS LESS CURRENT LIABILITIES

123,144

218,425

CREDITORS

Amounts falling due after more than one year

8

(16,221

)

(33,865

)

PROVISIONS FOR LIABILITIES

(10,097

)

(15,080

)

NET ASSETS

96,826

169,480

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

96,824

169,478

SHAREHOLDERS' FUNDS

96,826

169,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

N C Dean - Director

1.	STATUTORY INFORMATION

Capix 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

154,155

AMORTISATION

At 1 February 2024

92,490

Charge for year

15,416

At 31 January 2025

107,906

NET BOOK VALUE

At 31 January 2025

46,249

At 31 January 2024

61,665

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

139,342

Additions

7,022

At 31 January 2025

146,364

DEPRECIATION

At 1 February 2024

68,639

Charge for year

18,018

At 31 January 2025

86,657

NET BOOK VALUE

At 31 January 2025

59,707

At 31 January 2024

70,703

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

45,395

73,163

Amounts owed by group undertakings

86,337

42,212

Other debtors

74,272

36,912

206,004

152,287

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,647

7,647

Trade creditors

26,568

36,820

Amounts owed to group undertakings

3,619

20,557

Taxation and social security

88,985

68,067

Other creditors

292,016

131,056

428,835

274,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

6,667

16,666

Hire purchase contracts

9,554

17,199

16,221

33,865

9.	OTHER FINANCIAL COMMITMENTS

Total future commitments at 31 January 2025 £23,071.

10.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of N C D Property Developments Limited. Mr N C Dean is the ultimate controlling party by virtue of his shareholding in N C D Property Developments Limited.