David Capstick Limited


Director	Mr D J Capstick


Registered Address	Market Square
	Kirkby Stephen
	Cumbria
	CA17 4QT


Registered Number	12061570 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		98,333		118,333
Investments	4		95		51
			98,428		118,384
Current assets
Debtors	5	25,337		-
Cash at bank and on hand		81,297		64,114
		106,634		64,114
Creditors amounts falling due within one year	6	(70,035)		(54,716)
Net current assets (liabilities)			36,599		9,398
Total assets less current liabilities			135,027		127,782
Net assets			135,027		127,782
Capital and reserves
Called up share capital			100		100
Profit and loss account			134,927		127,682
Shareholders' funds			135,027		127,782

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 November 2025, and are signed on its behalf by:

Mr D J Capstick
Director
Registered Company No. 12061570

David Capstick Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	200,000	-	200,000
At 31 March 25	200,000	-	200,000
Amortisation and impairment
At 01 April 24	81,667	-	81,667
Charge for year	-	20,000	20,000
At 31 March 25	81,667	20,000	101,667
Net book value
At 31 March 25	118,333	(20,000)	98,333
At 31 March 24	118,333	-	118,333

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	51	51
Additions	44	44
At 31 March 25	95	95
Net book value
At 31 March 25	95	95
At 31 March 24	51	51

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	25,337	-
Total	25,337	-

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	58,935	759
Taxation and social security	9,534	9,387
Other creditors	-	43,046
Accrued liabilities and deferred income	1,566	1,524
Total	70,035	54,716

7.	Related party transactions
	On 1 April 2024 the Company owed the Director £43,046. During the period the director was advanced a further £68,383. As at 31 March 2025 the Director owed the Company £25,337. Interest was charged on this loan at the HMRC Official Rate of Interest. The loan is unsecured and repayable upon demand. During the year the company made no sales to the wife of the director. (2024 - £6,750). The company has a controlling shareholding in J.N & E Capstick Insurance Consultants Limited. There were no dividends received from J.N & E Capstick this year (2024 - £98,500). There were management fees of £40,463 (2024 - £35,178) and recharged costs of £1,037 (2024 - £1,800) by J.N & E Capstick Insurance Consultants Limited. As of the balance sheet date, the company owed £42,091 (2024 - £759) to J.N & E Capstick Insurance Consultants Limited. The company owes J.N & E Capstick Financial Services Limited £16,844 (2024 -£NIL), a company that is under common control.

Related party transactions

On 1 April 2024 the Company owed the Director £43,046. During the period the director was advanced a further £68,383. As at 31 March 2025 the Director owed the Company £25,337. Interest was charged on this loan at the HMRC Official Rate of Interest. The loan is unsecured and repayable upon demand.

During the year the company made no sales to the wife of the director. (2024 - £6,750). 

The company has a controlling shareholding in J.N & E Capstick Insurance Consultants Limited. There were no dividends received from J.N & E Capstick this year (2024 - £98,500). There were management fees of £40,463 (2024 - £35,178) and recharged costs of £1,037 (2024 - £1,800) by J.N & E Capstick Insurance Consultants Limited. As of the balance sheet date, the company owed £42,091 (2024 - £759) to J.N & E Capstick Insurance Consultants Limited.

The company owes J.N & E Capstick Financial Services Limited £16,844 (2024 -£NIL), a company that is under common control.

8.	Parent-subsidiary relationships
	This parent company, and the group headed by it, qualify as a small group and, as such, the parent and the group are exempt from producing group accounts. These accounts are for this company alone.