Company registration number 03149637 (England and Wales)
CAPRICORN CONTROLS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
CAPRICORN CONTROLS LIMITED
COMPANY INFORMATION
Directors
Mr R E Heath
Mr G Reed
Company number
03149637
Registered office
Unit 1 - 9c
Thorpe Close
Overthorpe Industrial Estate
Banbury
Oxfordshire
United Kingdom
OX16 4SW
Accountants
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
CAPRICORN CONTROLS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
CAPRICORN CONTROLS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CAPRICORN CONTROLS LIMITED FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capricorn Controls Limited for the year ended 31 March 2026 set out on pages 2 to 7 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Capricorn Controls Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Capricorn Controls Limited and state those matters that we have agreed to state to the b oard of d irectors of Capricorn Controls Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capricorn Controls Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Capricorn Controls Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Capricorn Controls Limited. You consider that Capricorn Controls Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capricorn Controls Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ellacotts LLP
Chartered Accountants
Countrywide House
23 West Bar
Banbury
Oxfordshire
OX16 9SA
England
5 August 2026
CAPRICORN CONTROLS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,236
4,213
Current assets
Stocks
5
143,427
168,914
Debtors
6
910,731
739,800
Cash at bank and in hand
201,884
177,608
1,256,042
1,086,322
Creditors: amounts falling due within one year
7
(141,003)
(95,103)
Net current assets
1,115,039
991,219
Total assets less current liabilities
1,118,275
995,432
Provisions for liabilities
(809)
(1,054)
Net assets
1,117,466
994,378
Capital and reserves
Called up share capital
209
209
Share premium account
8,540
8,540
Profit and loss reserves
1,108,717
985,629
Total equity
1,117,466
994,378
CAPRICORN CONTROLS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 3 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 August 2026 and are signed on its behalf by:
Mr R E Heath
Mr G Reed
Director
Director
Company registration number 03149637 (England and Wales)
CAPRICORN CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

Capricorn Controls Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 - 9c, Thorpe Close, Overthorpe Industrial Estate, Banbury, Oxfordshire, United Kingdom, OX16 4SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CAPRICORN CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
8
8
3
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
55,976
44,003
Adjustments in respect of prior periods
(16,341)
-
0
Total current tax
39,635
44,003
Deferred tax
Origination and reversal of timing differences
(245)
(55)
Total tax charge
39,390
43,948
CAPRICORN CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
4
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2025
17,980
Additions
708
At 31 March 2026
18,688
Depreciation and impairment
At 1 April 2025
13,767
Depreciation charged in the year
1,685
At 31 March 2026
15,452
Carrying amount
At 31 March 2026
3,236
At 31 March 2025
4,213
5
Stocks
2026
2025
£
£
Stocks
143,427
168,914
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
128,258
81,065
Corporation tax recoverable
16,341
-
0
Amounts due from group undertakings
762,561
652,728
Prepayments and accrued income
3,571
6,007
910,731
739,800
CAPRICORN CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
54,573
25,993
Corporation tax
55,956
44,003
Other taxation and social security
27,297
22,240
Other creditors
77
7
Accruals and deferred income
3,100
2,860
141,003
95,103
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
809
1,054
2026
Movements in the year:
£
Liability at 1 April 2025
1,054
Credit to profit or loss
(245)
Liability at 31 March 2026
809

The deferred tax liability set out above is expected to reverse and relates to accelerated capital allowances that are expected to mature within the same period.

9
Parent company

100% of the issued share capital of the company is owned by Capricorn Controls Holdings Limited.

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