CASTRO CAPONTES LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2024 TO 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H C De Castro Capontes

P De Castro

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

04710804 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

14,493

15,512

14,493

15,512

CURRENT ASSETS

Stocks

4,307

4,200

Debtors

7

26,427

30,086

Cash at bank

70,029

63,495

100,763

97,781

CREDITORS

Amounts falling due within one year

8

51,678

52,408

NET CURRENT ASSETS

49,085

45,373

TOTAL ASSETS LESS CURRENT LIABILITIES

63,578

60,885

CREDITORS

Amounts falling due after more than one year

9

(10,340

)

(18,122

)

PROVISIONS FOR LIABILITIES

(2,287

)

(2,397

)

NET ASSETS

50,951

40,366

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

50,949

40,364

SHAREHOLDERS' FUNDS

50,951

40,366

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 30th June 2025 and were signed on its behalf by:

P De Castro - Director

1.	STATUTORY INFORMATION

Castro Capontes 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the business in 2003, has been amortisied evenly over its estimated useful life of five years. There is no unamortised goodwill in the company.

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.

Long leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

The leasehold is depreciated over 27 years.

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 period 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st January 2025

160,000

AMORTISATION

At 1st April 2024

and 31st January 2025

160,000

NET BOOK VALUE

At 31st January 2025

-

At 31st March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st April 2024

50,000

157,579

6,965

Additions

-

1,820

-

At 31st January 2025

50,000

159,399

6,965

DEPRECIATION

At 1st April 2024

38,890

155,374

5,928

Charge for period

1,543

838

216

At 31st January 2025

40,433

156,212

6,144

NET BOOK VALUE

At 31st January 2025

9,567

3,187

821

At 31st March 2024

11,110

2,205

1,037

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

5,500

408

220,452

Additions

-

-

1,820

At 31st January 2025

5,500

408

222,272

DEPRECIATION

At 1st April 2024

4,340

408

204,940

Charge for period

242

-

2,839

At 31st January 2025

4,582

408

207,779

NET BOOK VALUE

At 31st January 2025

918

-

14,493

At 31st March 2024

1,160

-

15,512

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.3.24

£

£

Trade debtors

4,415

16,810

Other debtors

12,946

12,946

Directors' current accounts

3

330

Prepayments

9,063

-

26,427

30,086

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.3.24

£

£

Bank loans and overdrafts

10,494

10,921

Trade creditors

11,653

13,572

Tax

2,734

9,316

Social security and other taxes

3,343

4,388

Wages control account

-

(30

)

Pension control account

350

350

VAT

20,793

12,962

Other creditors

180

180

Capital On Tap Credit Card

987

-

Directors' current accounts

14

-

Accrued expenses

1,130

749

51,678

52,408

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.3.24

£

£

Bank loans - 1-2 years

10,340

10,921

Bank loans - 2-5 years

-

7,201

10,340

18,122