REGISTERED NUMBER: OC325220 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Captive Closures LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

R Olsen

E A Bortone

REGISTERED OFFICE:

Burma Road

Blidworth Industrial Estate

Blidworth

Nottinghamshire

NG21 0RT

REGISTERED NUMBER:

OC325220 (England and Wales)

ACCOUNTANTS:

JDB Chartered Certified Accountants

10a

High Street

Market Deeping

Peterborough

Lincolnshire

PE6 8EB

FIXED ASSETS

Intangible assets

4

243,259

243,259

Tangible assets

5

110,060

104,591

353,319

347,850

CURRENT ASSETS

Stocks

79,734

80,904

Debtors

6

206,482

201,158

Cash at bank and in hand

25,754

24,097

311,970

306,159

CREDITORS

Amounts falling due within one year

7

665,289

654,009

NET CURRENT LIABILITIES

(353,319

)

(347,850

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 July 2025 and were signed by:

R Olsen - Designated member

1.	STATUTORY INFORMATION

Captive Closures LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 0, is being amortised evenly over its estimated useful life of nil 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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

361,099

AMORTISATION

At 1 April 2024

and 31 March 2025

117,840

NET BOOK VALUE

At 31 March 2025

243,259

At 31 March 2024

243,259

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

424,906

Additions

5,469

At 31 March 2025

430,375

DEPRECIATION

At 1 April 2024

and 31 March 2025

320,315

NET BOOK VALUE

At 31 March 2025

110,060

At 31 March 2024

104,591

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

201,363

174,124

Amounts owed by associates

1,000

-

Other debtors

4,119

27,034

206,482

201,158

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

353,678

111,135

Trade creditors

42,971

42,767

Taxation and social security

42,739

32,686

Other creditors

225,901

467,421

665,289

654,009