Registration number:
Capital Shopfitters Limited
for the Year Ended 31 August 2025
Capital Shopfitters Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's 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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Notes to the Financial Statements |
Capital Shopfitters Limited
Company Information
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Director |
Mr. PJ McCreesh |
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Company secretary |
Mrs D McCreesh |
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Registered office |
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Auditors |
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Capital Shopfitters Limited
Strategic Report for the Year Ended 31 August 2025
The director presents his strategic report for the year ended 31 August 2025.
Principal activity
The principal activity of the company is the construction and renovation of buildings.
Fair review of the business
The company suffered a small regression in turnover of 6.4% from £11.26 million to £10.54 million
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£ |
10,541,773 |
11,268,236 |
|
Turnover Growth |
% |
(6) |
(31) |
|
Gross Profit Margin |
% |
21 |
18 |
Principal risks and uncertainties
Principle risks and uncertainties have been disclosed in the Directors report.
Approved and authorised by the
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Capital Shopfitters Limited
Director's Report for the Year Ended 31 August 2025
The director presents his report and the financial statements for the year ended 31 August 2025.
Director of the company
The director who held office during the year was as follows:
Financial instruments
Objectives and policies
The company uses various financial instruments.Items such as
trade debtors and trade creditors, that arise directly from its operations are used. The main purpose of these
financial instruments is to raise finance for the company's operations.
The main risks arising from the company's financial instruments are liquidity risk, interest rate risk and credit risk.
The company's principal financial asset, and therefore its principal risk, is cash. Liquidity risk is managed by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.
The company's principal credit risk is trade debtors. Trade debts are monitored closely, paid by direct debit, and the company does not have an adverse history of impairments.
Price risk, credit risk, liquidity risk and cash flow risk
The business' principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.
In respect of the bank balances, the liquidity risk is managed by maintaining sufficient liquidity funds to meet foreseeable needs and to invest cash assets safely and profitably. All of the business' cash balances are held in such a way that achieves a competitive rate of interest.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Going concern
The Company prepares its financial statements on a going concern basis. The directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
Capital Shopfitters Limited
Director's Report for the Year Ended 31 August 2025
Disclosure of information to the auditors
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of The Moffatts Partnership LLP as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Approved and authorised by the
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Capital Shopfitters Limited
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Capital Shopfitters Limited
Independent Auditor's Report to the Members of Capital Shopfitters Limited
Opinion
We have audited the financial statements of Capital Shopfitters Limited (the 'company') for the year ended 31 August 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, 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 31 August 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 director with respect to going concern are described in the relevant sections of this report.
Other information
The director 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.
Capital Shopfitters Limited
Independent Auditor's Report to the Members of Capital Shopfitters Limited
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 Director's 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 Director's 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 Director's Report.
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 director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 5], the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Capital Shopfitters Limited
Independent Auditor's Report to the Members of Capital Shopfitters Limited
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
Based on our understanding of the company, we identified that the principle risks of non-compliance with laws and regulations related to breaches of the legal and regulatory framework that the company operates in. We considered the extent to which non-compliance might have a material effect on the financial statements. The key laws and regulations we considered in this context included UK Companies Act 2006, Employment Law, Health and Safety and Tax Legislation.
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The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
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In respone to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
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reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and |
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enquiring of management as to actual and potential litigation and claims. |
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Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: |
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discussions with management and those charged with governance in relation to known or suspected instances of non-compliance with laws and regulations and fraud; |
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
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We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud; and |
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |
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To address the risk of fraud through management bias and override of controls, we: |
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performed analytical procedures to identify any unusual or unexpected relationships; |
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tested journal entries to identify unusual transactions; |
Capital Shopfitters Limited
Independent Auditor's Report to the Members of Capital Shopfitters Limited
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assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and |
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investigated the rationale behind significant or unusual transactions. |
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There are inherent limitations in our audit procedures described above. The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control systems, mean that there is an unavoidale risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned in accordance with ISAs (UK). |
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We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. |
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Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. |
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Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the directors. |
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
Jackson House
Sibson Road
Sale
M33 7RR
Capital Shopfitters Limited
Profit and Loss Account for the Year Ended 31 August 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 |
1,061,955 |
937,948 |
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Other interest receivable and similar income |
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|
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Interest payable and similar expenses |
( |
( |
|
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52,480 |
28,548 |
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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.
Capital Shopfitters Limited
Statement of Comprehensive Income for the Year Ended 31 August 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Capital Shopfitters Limited
(Registration number: 04515166)
Balance Sheet as at 31 August 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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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 |
1 |
1 |
|
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Retained earnings |
4,998,071 |
6,654,788 |
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Shareholders' funds |
4,998,072 |
6,654,789 |
Approved and authorised by the
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Capital Shopfitters Limited
Statement of Changes in Equity for the Year Ended 31 August 2025
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Share capital |
Retained earnings |
Total |
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At 1 September 2024 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 31 August 2025 |
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Share capital |
Retained earnings |
Total |
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At 1 September 2023 |
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|
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Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
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At 31 August 2024 |
1 |
6,654,788 |
6,654,789 |
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 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:
United Kingdom
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.
Going concern
The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Judgements
In the course of preparing the financial statements, no judgements have been made in the process of applying the accounting policies, other than those involving estimations, that have had a significant effect on the amounts recognised in the financial statements. |
Key sources of estimation uncertainty
In determining the accrued income, management have made judgements in respect of stage of completion of ongoing projects at year end. The estimations for the value of accrued income are based on total contract revenue and costs and recoverability of variations and claims. The value of accrued income is £392,643 (2024: £476,869).
Revenue recognition
The company recognises revenue using the percentage of completion method.
Turnover comprises the value of work performed, variations, and claims to the extent that they can be reliably
measured and it is probable that they will be recovered. Turnover is shown net of VAT and after deducting any
foreseeable losses on contracts.
Turnover is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. Where consideration is not specified within the contract and therefore subject to variability, the Company estimates the amount of consideration to be received from its customer. The consideration recognised is the amount which is highly probably not to result in a significant reversal in future periods.
The company recognises revenue when:
• The amount of revenue can be reliably measured using a percentage of completion method;
• it transfers control over a service to it’s customer;
• 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.
The company recognises any expected losses on contracts immediately in the profit and loss account.
The company does not expect to have any contracts where the period between the transfer of the services to the customer and payment by the customer exceeds one year. As a consequence, the Company does not adjust its transaction price for the time value of money.
Included within Turnover is amounts of Accrued income which represents amounts recoverable on contracts for which work has been completed but no invoice has been raised or cash received at the year end.
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
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:
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Asset class |
Depreciation method and rate |
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Office Equipment |
25% Reducing Balance Basis |
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Plant and Machinery |
25% Reducing Balance Basis |
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Computer Equipment |
33% Reducing Balance Basis |
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 amounts recoverable on contracts 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.
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Retention Debtor
Retentions are a percentage of amounts withheld from interim payments to a contractor under a construction contract. Retention amounts are released after the contractor completes all obligations, including fixing any defects.
The company typically has retention held on construction contracts of 3 - 5%.
The company recognises retention on Revenue in line with the Companies Revenue Recognition policy.
The company carries out an impairment review on Retentions held by the customer periodically.
Accrued Income
Accrued income represents amounts recoverable on contracts for which no invoice has been raised or cash received at the year end.
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.
Retention Creditor
Retentions are a percentage of amounts withheld from interim payments from a subcontractor under a construction contract. Retention amounts are released after the subcontractor completes all obligations, including fixing any defects.
The company applies the same retention percentage on a construction contract to any subcontractors engaged on the contract, which is typically 3 - 5%.
The company recognises retention on Costs when:
• The amount of costs can be reliably measured;
• There is a liability and obligation to pay the retentions in the future.
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.
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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.
Financial instruments
Classification
Recognition and measurement
Impairment
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
|
Rendering of services |
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
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Depreciation expense |
|
|
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
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Interest income on bank deposits |
|
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Interest payable and similar expenses |
|
2025 |
2024 |
|
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Interest expense on other finance liabilities |
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Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
|
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Social security costs |
|
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Pension costs, defined contribution scheme |
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Other employee expense |
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Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Administration and support |
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Director's remuneration |
The director's remuneration for the year was as follows:
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2025 |
2024 |
|
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Remuneration |
|
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Contributions paid to money purchase schemes |
|
|
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13,140 |
13,161 |
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Auditors' remuneration |
|
2025 |
2024 |
|
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Audit of the financial statements |
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Other fees to auditors |
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All other non-audit services |
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Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
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UK corporation tax |
|
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Deferred taxation |
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Arising from origination and reversal of timing differences |
( |
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Tax expense in the income statement |
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Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
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2025 |
2024 |
|
|
Profit before tax |
|
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Corporation tax at standard rate |
|
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Tax increase/(decrease) from effect of capital allowances and depreciation |
|
( |
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Tax (decrease)/increase from other short-term timing differences |
( |
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Effect of expense not deductible in determining taxable profit (tax loss) |
|
- |
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Total tax charge |
|
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Deferred tax
Deferred tax assets and liabilities
|
2025 |
Liability |
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Accelerated Capital Allowances |
|
|
|
|
2024 |
Liability |
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Accelerated Capital Allowances |
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The amount of the net reversal of deferred tax assets and deferred tax liabilities expected to occur during the year beginning after the reporting period is £1,549 (2024 - £1,796).
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
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Tangible assets |
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Furniture, fittings and equipment |
Total |
|
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Cost or valuation |
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At 1 September 2024 |
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Additions |
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At 31 August 2025 |
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Depreciation |
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At 1 September 2024 |
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Charge for the year |
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At 31 August 2025 |
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Carrying amount |
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At 31 August 2025 |
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At 31 August 2024 |
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Debtors |
|
Current |
Note |
2025 |
2024 |
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Trade debtors |
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|
|
Amounts owed by group |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Accrued Income |
|
|
|
|
Income tax asset |
- |
|
|
|
|
|
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Short-term deposits |
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Income tax liability |
279,482 |
- |
|
|
|
|
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 September 2024 |
|
|
|
Increase (decrease) in existing provisions |
( |
( |
|
At 31 August 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 £
Contributions totalling £
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1 |
|
1 |
|
Reserves |
Share Capital
Represents the nominal value of shares that have been issued.
Retained Earnings
Includes all current and prior period retained profits and losses.
|
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 £
The company has signed a new 7 year lease after the year end for new office space which contains a break clause allowing the company to terminate the lease on 13th May 2029, subject to giving written notice.
Management has assessed the likelihood of exercising the break clause and considers it not reasonably certain that the break will be taken. As such, the above commitments are disclosed to the full lease end date.
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Dividends |
|
2025 |
2024 |
|||
|
£ |
£ |
|||
|
Final dividend of £Nil (2024 - £Nil) per ordinary share |
- |
- |
||
|
Interim dividend of £ |
2,492,500 |
303,000 |
||
|
2,492,500 |
303,000 |
|||
|
Analysis of changes in net debt |
|
At 1 September 2024 |
Financing cash flows |
At 31 August 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
4,981,337 |
(1,315,956) |
3,665,381 |
|
|
( |
|
|
|
|
|||
|
Related party transactions |
Summary of transactions with other related parties
|
|
Income and receivables from related parties
|
2025 |
Other related parties |
|
Amounts receivable from related party |
|
|
|
|
|
2024 |
Other related parties |
|
Amounts receivable from related party |
|
|
|
|
Capital Shopfitters Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is