Capstock Ltd


Director	Benjamin Spickernell


Registered Address	The Forge
	Sutton Maddock
	Shifnal
	TF11 9ND


Registered Number	11441916 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		8,616		11,199
			8,616		11,199
Current assets
Debtors	4	59,993		62,644
		59,993		62,644
Creditors amounts falling due within one year	5	(48,338)		(36,582)
Net current assets (liabilities)			11,655		26,062
Total assets less current liabilities			20,271		37,261
Creditors amounts falling due after one year	6		(7,754)		(9,658)
Net assets			12,517		27,603
Capital and reserves
Called up share capital			100		100
Profit and loss account			12,417		27,503
Shareholders' funds			12,517		27,603

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 31 December 2025, and are signed on its behalf by:

Benjamin Spickernell
Director
Registered Company No. 11441916

Capstock Ltd

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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 profit or loss.

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 profit or loss.

	Intangible assets
	Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost
and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a
reliable estimate of the useful life cannot be made.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	25,836	25,836
At 31 March 25	25,836	25,836
Amortisation and impairment
At 01 April 24	14,637	14,637
Charge for year	2,583	2,583
At 31 March 25	17,220	17,220
Net book value
At 31 March 25	8,616	8,616
At 31 March 24	11,199	11,199

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	59,993	62,644
Total	59,993	62,644

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,746	1,793
Taxation and social security	38,102	32,269
Other creditors	5,130	-
Accrued liabilities and deferred income	3,360	2,520
Total	48,338	36,582


	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. Included in Bank Borrowings due within one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due on 5th November 2029. The total due within one year from the year end was £1,740 (2024 - £1,740). This loan is guaranteed by the Government.

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.

Included in Bank Borrowings due within one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due on 5th November 2029. The total due within one year from the year end was £1,740 (2024 - £1,740). This loan is guaranteed by the Government.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	7,754	9,658
Total	7,754	9,658


	Included in Bank Borrowings due after one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due on 5th November 2026. The total due after one year from the year end was £11,565 (2022 - £12,141). This loan is guaranteed by the Government.

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Benjamin Spickernell	62,644	60,349	63,000	59,993
	62,644	60,349	63,000	59,993


	These monies having been advanced on an unsecured, interest free basis, being repayable on demand. The full amount of the loan was repaid within nine months of the year end.