X Capontes Ltd - Accounts to registrar (filleted)

X CAPONTES LTD

TRADING AS

EL MESON DE LOS HERMANOS

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

X De Castro Capontes

A L S Capontes

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

11552944 (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

17,743

6,548

17,743

6,548

CURRENT ASSETS

Stocks

5,000

8,000

Debtors

7

110,399

104,182

Cash at bank and in hand

37,167

108,247

152,566

220,429

CREDITORS

Amounts falling due within one year

8

49,007

55,975

NET CURRENT ASSETS

103,559

164,454

TOTAL ASSETS LESS CURRENT
LIABILITIES

121,302

171,002

CREDITORS

Amounts falling due after more than one
year

9

(5,699

)

(15,567

)

PROVISIONS FOR LIABILITIES

(3,371

)

(1,244

)

NET ASSETS

112,232

154,191

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

112,222

154,181

SHAREHOLDERS' FUNDS

112,232

154,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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:

X De Castro Capontes - Director

1.	STATUTORY INFORMATION

X Capontes Ltd 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.

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.

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2023

and 30th September 2024

59,000

AMORTISATION

At 1st October 2023

and 30th September 2024

59,000

NET BOOK VALUE

At 30th September 2024

-

At 30th September 2023

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

COST

At 1st October 2023

2,000

3,462

13,790

Additions

-

1,708

Disposals

-

At 30th September 2024

2,000

3,462

15,498

DEPRECIATION

At 1st October 2023

2,000

1,360

10,256

Charge for year

-

526

1,311

Eliminated on disposal

-

At 30th September 2024

2,000

1,886

11,567

NET BOOK VALUE

At 30th September 2024

-

1,576

3,931

At 30th September 2023

-

2,102

3,534

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st October 2023

1,500

874

21,626

Additions

15,682

-

17,390

Disposals

(1,500

)

-

(1,500

)

At 30th September 2024

15,682

874

37,516

DEPRECIATION

At 1st October 2023

1,025

437

15,078

Charge for year

3,664

219

5,720

Eliminated on disposal

(1,025

)

-

(1,025

)

At 30th September 2024

3,664

656

19,773

NET BOOK VALUE

At 30th September 2024

12,018

218

17,743

At 30th September 2023

475

437

6,548

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade debtors

4,991

10,231

Amounts owed by associates

76,500

65,000

Other debtors

17,500

Called up share capital not paid

10

Prepayments

11,398

11,441

110,399

104,182

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Bank loans and overdrafts

9,341

11,100

Trade creditors

13,984

12,246

Tax

12,735

19,658

Social security and other taxes

645

2,201

VAT

5,286

8,945

Pensions payable

188

-

Directors' current accounts

5,744

791

Accrued expenses

1,084

1,034

49,007

55,975

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.24

30.9.23

£

Bank loans - 1-2 years

5,699

11,100

Bank loans - 2-5 years

-

4,467

5,699

15,567

10.	RELATED PARTY DISCLOSURES

During the year the company loaned £11,500 to Capontes Bros Ltd (2023: £65,000). At the year end the total amount outstanding was £76,500 (2023: £65,000). The director and shareholder of the company is also a director and shareholder of Capontes Bros Ltd.