REGISTERED NUMBER: 02220410 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Capital Veneer Company Limited

Page

Company information

1

Abridged balance sheet

2

Notes to the financial statements

4

Directors:

L J Crispin

M Crispin

L Crispin

Registered office:

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Registered number:

02220410 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

104,586

103,624

Current assets

Stocks

1,527,105

1,439,227

Debtors

468,583

484,420

Cash at bank and in hand

335,864

213,874

2,331,552

2,137,521

Creditors

Amounts falling due within one year

(1,111,516

)

(1,119,408

)

Net current assets

1,220,036

1,018,113

Total assets less current liabilities

1,324,622

1,121,737

Provisions for liabilities

(24,189

)

(23,519

)

Net assets

1,300,433

1,098,218

Capital and reserves

Called up share capital

503

503

Share premium

192,750

192,750

Retained earnings

1,107,180

904,965

Shareholders' funds

1,300,433

1,098,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Statement of income and retained earnings and an abridged Balance sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2025 and were signed on its behalf by:

M Crispin - Director

1.	Statutory information

Capital Veneer Company 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.

These statutory accounts replace the ones which were previously filed and are prepared as they were at the date of the original accounts.

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.

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 etc

-

25% on reducing balance, 15% on reducing balance and 10% 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 Statement of Income and Retained Earnings, 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 11 (2024 - 11 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st April 2024

183,135

Additions

32,475

At 31st March 2025

215,610

Depreciation

At 1st April 2024

79,511

Charge for year

31,513

At 31st March 2025

111,024

Net book value

At 31st March 2025

104,586

At 31st March 2024

103,624