Registration number:
Capri Mechanical Services Limited
for the Year Ended 30 April 2025
Capri Mechanical Services Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Capri Mechanical Services Limited
Company Information
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Directors |
Mr M A C Elliott Mr D Spear Mr C J Uwins Mr K Rydon |
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Registered office |
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Auditors |
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Capri Mechanical Services Limited
Strategic Report for the Year Ended 30 April 2025
The directors present their strategic report for the year ended 30 April 2025.
Principal activity
The principal activity of the company is Heating, Ventilating, Air Conditioning & Electrical Building Services Engineers & Contractors.
Fair review of the business
For the year ending 30tn April 2025, the Company has seen continued profitability and encouraging longer term certainty. This has, in part, been assisted by the recent introduction of new contract management and accounting systems that has provided significant improvements to the cost control, efficiencies and general management of projects.
The Company operates on the basis of securing mid and long-term contracts from both existing clients and carefully selected new clients but also continues to partner with selected long-standing construction industry main contractors as a sub-contractor.
The Company has continued to secure contracts in the areas of specialty, where experience and approach take precedent to cost when bidding for work.
The Company continues to succeed with long-term clients and customers and looks forward to maintaining turnover and profitability in the forthcoming year.
The company's key financial and other performance indicators during the year were as follows:
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Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£000 |
15,097 |
12,809 |
|
Gross Profit Margin |
% |
21.2 |
18.4 |
|
Reserves after Contribution to employees ownership trust |
£000 |
3,880 |
2,961 |
Capri Mechanical Services Limited
Strategic Report for the Year Ended 30 April 2025
Principal risks and uncertainties
The principal risks and uncertainties arise from failure to secure new contracts, the financial failure of customers, failure or non-performance of subcontractors, and availability and recruitment of the required engineering and management staff.
These risks are mitigated through an efficient and considered preconstruction and tendering processes, and regular review of tender submission feedback to ensure the competitiveness of the Company within the marketplace is measured against competitors and maintained.
Risk of financial failure of customers is mitigated where possible through maintaining a policy of undertaking projects as the Principal Contractor, working directly for end paying customers with a client base that includes government, institutional, national, international, and established commercial enterprises.
The performance of subcontractors is continuously reviewed and monitored through use of contractors that form part of the Company’s approved supply chain, working only with known contractors with a previous record of technical and project success.
Recruitment of engineering staff continues to be challenging due to the availability of resources (in terms of skills, experience and locality to the Company), and in some cases unsustainable salary expectations. The Company continues its policy of only recruiting the right personnel for the business and developing and promoting from within the Company, and in the past year has experienced success in this respect as we look to build the resources and team required to take the Company forward in to the future.
Capri Mechanical Services Limited
Strategic Report for the Year Ended 30 April 2025
Approved and authorised by the
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......................................... |
Capri Mechanical Services Limited
Directors' Report for the Year Ended 30 April 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
Directors of the company
The directors who held office during the year were as follows:
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Insight Strategic Associates Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Capri Mechanical Services Limited
Directors' Report for the Year Ended 30 April 2025
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Capri Mechanical Services Limited
Directors' Report for the Year Ended 30 April 2025
Approved and authorised by the
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Capri Mechanical Services Limited
Independent Auditor's Report to the Members of Capri Mechanical Services Limited
Opinion
We have audited the financial statements of Capri Mechanical Services Limited (the 'company') for the year ended 30 April 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Capri Mechanical Services Limited
Independent Auditor's Report to the Members of Capri Mechanical Services Limited
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
Capri Mechanical Services Limited
Independent Auditor's Report to the Members of Capri Mechanical Services Limited
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 6], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Capri Mechanical Services Limited
Independent Auditor's Report to the Members of Capri Mechanical Services Limited
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those relating to material mistatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transaction reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities ocurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
As part of our audit planning procedures, we determined materiality and assessed the risks of how material misstatement in the financial statements may occur. We inquired with management of how they considered the risk of material mistatement within the financial statements.
In particular, we looked at areas where management made subjective judgements in respect of significant accounting estimates that involve making assumptions and considering future events that are inherently uncertain. This includes the value of accrued income and the value of retentions. We discussed this issue during planning meetings and carried out audit procedures to satisfy ourselves that the risk of material mistatement of the accounting estimate whether by fraud or error was minimal.
We considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. We also considered the risk of managment overide in realtion to these controls and discussed this with managment. We tested journal entries throughout the audit, this included those posted during the year and those posted at the year end.
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk including fraud risk of non compliance with these these laws and regulations that could give rise to material mistatement in the financial statements. The company does not operate in a highly regulated enviroment so these were mainly but not limited to the Financial Reporting Standard 102, Companies Act 2006.
We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence from relevant information, for example, minutes of meetings held and furlough claims with HMRC. Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.
Capri Mechanical Services Limited
Independent Auditor's Report to the Members of Capri Mechanical Services Limited
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Shoeburyness
Essex
SS3 9QE
Capri Mechanical Services Limited
Profit and Loss Account for the Year Ended 30 April 2025
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Note |
2025 |
2024 |
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Turnover |
|
|
|
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Cost of sales |
( |
( |
|
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Gross profit |
|
|
|
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Administrative expenses |
( |
( |
|
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Operating profit |
1,714,295 |
999,334 |
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Other interest receivable and similar income |
|
|
|
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Interest payable and similar expenses |
( |
( |
|
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68,004 |
46,403 |
||
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Profit before tax |
|
|
|
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Tax on profit |
( |
( |
|
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Profit for the financial year |
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|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Capri Mechanical Services Limited
Statement of Comprehensive Income for the Year Ended 30 April 2025
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2025 |
2024 |
|
|
Profit for the year |
|
|
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Total comprehensive income for the year |
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Capri Mechanical Services Limited
(Registration number: 01160845)
Balance Sheet as at 30 April 2025
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Note |
2025 |
2024 |
|
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Fixed assets |
|||
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Tangible assets |
|
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Current assets |
|||
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Stocks |
|
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
|
|
|
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Provisions for liabilities |
( |
( |
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Net assets |
|
|
|
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Capital and reserves |
|||
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Called up share capital |
667 |
667 |
|
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Capital redemption reserve |
333 |
333 |
|
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Retained earnings |
3,880,754 |
2,961,592 |
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Shareholders' funds |
3,881,754 |
2,962,592 |
Approved and authorised by the
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Capri Mechanical Services Limited
Statement of Changes in Equity for the Year Ended 30 April 2025
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Share capital |
Capital redemption reserve |
Retained earnings |
Total |
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At 1 May 2024 |
|
|
|
|
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Profit for the year |
- |
- |
|
|
|
Distribution to employee ownership trust |
- |
- |
(410,000) |
(410,000) |
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At 30 April 2025 |
|
|
|
|
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Share capital |
Capital redemption reserve |
Retained earnings |
Total |
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At 1 May 2023 |
|
|
|
|
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Profit for the year |
- |
- |
|
|
|
Distribution to employee ownership trust |
- |
- |
(210,000) |
(210,000) |
|
At 30 April 2024 |
667 |
333 |
2,961,592 |
2,962,592 |
Capri Mechanical Services Limited
Statement of Cash Flows for the Year Ended 30 April 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
|||
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Profit for the year |
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|
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
|
|
|
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Loss on disposal of tangible assets |
|
- |
|
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Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
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||
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Working capital adjustments |
|||
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Increase in trade debtors |
( |
( |
|
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Increase in trade creditors |
|
|
|
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Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
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Interest received |
|
|
|
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
( |
- |
|
|
Net cash flows from investing activities |
|
|
|
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
|
|
Distribution to employee ownership trust |
( |
( |
|
|
Payments to finance lease creditors |
- |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net increase in cash and cash equivalents |
|
|
|
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Cash and cash equivalents at 1 May |
|
|
|
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Cash and cash equivalents at 30 April |
4,313,886 |
2,765,890 |
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Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
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2 |
Accounting policies (continued) |
Contract revenue recognition
When the outcome of a contract can be estimated reliably the entity recognises revenue and associated contract costs by reference to the stage of completion of the contract at the end of the reporting period.
Government grants
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the company has entitlement to the funds, any performance conditions attached to the grants have been met and it is probable that the income will be received.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
2 |
Accounting policies (continued) |
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Asset class |
Depreciation method and rate |
|
Plant and Machinery |
20% reducing balance |
|
Fixtures and fitting |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
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Office Equipment |
25% on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
2 |
Accounting policies (continued) |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Turnover |
The analysis of the company's revenue for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Contracting services |
|
|
|
Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain/loss on disposal of property, plant and equipment |
( |
- |
|
Operating profit |
Arrived at after charging/(crediting)
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
5 |
Operating profit (continued) |
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Loss on disposal of property, plant and equipment |
|
- |
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
- |
|
|
Interest on obligations under finance leases and hire purchase contracts |
- |
|
|
Interest expense on other finance liabilities |
|
- |
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other short-term employee benefits |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
429,219 |
422,878 |
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Taxation |
Tax charged/(credited) in the income statement
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
- |
|
|
457,312 |
260,425 |
|
|
Deferred taxation |
||
|
Arising from changes in tax rates and laws |
( |
|
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
11 |
Taxation (continued) |
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
(Decrease)/increase in UK and foreign current tax from adjustment for prior periods |
( |
|
|
Tax increase from effect of capital allowances and depreciation |
|
- |
|
Tax increase from other short-term timing differences |
|
- |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
- |
|
Total tax charge |
|
|
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 May 2024 |
|
|
|
|
|
Additions |
- |
|
- |
|
|
Disposals |
- |
- |
( |
( |
|
At 30 April 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 May 2024 |
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
Eliminated on disposal |
- |
- |
( |
( |
|
At 30 April 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 30 April 2025 |
|
|
|
|
|
At 30 April 2024 |
|
|
|
|
Included within the net book value of land and buildings above is £1 (2024 - £1) in respect of long leasehold land and buildings.
Restriction on title and pledged as security
|
Stocks |
|
2025 |
2024 |
|
|
Other inventories |
|
|
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
Prepayments |
|
|
|
Accrued income |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Accrued expenses |
|
|
|
|
Income tax liability |
457,277 |
260,273 |
|
|
|
|
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 May 2024 |
|
|
|
Increase (decrease) in existing provisions |
( |
( |
|
At 30 April 2025 |
|
|
|
|
||
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary of £1 each |
667 |
667 |
667 |
667 |
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Capri Mechanical Services Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
|
Analysis of changes in net debt |
|
At 1 May 2024 |
Financing cash flows |
At 30 April 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
2,765,890 |
1,547,998 |
4,313,888 |
|
Cash equivalents |
153,002 |
(560,620) |
(407,618) |
|
2,918,892 |
987,378 |
3,906,270 |
|
|
|
|
|
|
|
|
|||
|
Related party transactions |
During the year £19,440 (2024:£18,150) each was paid to M Elliot and J Uwins (Deceased), directors of the company, for the rent of the business premises.
During the year the company distributed equity of £410,000 (2024: £210,000) to 'Capri Mechanical Services Employee Ownership Trust' the trust was established by the company on 23rd August 2022 for the benefit of the company employees. The trustees of the trust have a controlling interest in Capri Mechanical services Limited
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is