David Capstick Limited


Director	Mr D J Capstick


Registered Address	Market Square
	Kirkby Stephen
	Cumbria
	CA17 4QT


Registered Number	12061570 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	4		78,333		98,333
Tangible assets	5		12,364		-
Investments	6		176,860		176,809
			267,557		275,142
Current assets
Cash at bank and on hand		112,827		81,297
		112,827		81,297
Creditors amounts falling due within one year	7	(117,030)		(221,412)
Net current assets (liabilities)			(4,203)		(140,115)
Total assets less current liabilities			263,354		135,027
Net assets			263,354		135,027
Capital and reserves
Called up share capital			151		100
Profit and loss account			263,203		134,927
Shareholders' funds			263,354		135,027

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 6 August 2026, and are signed on its behalf by:

Mr D J Capstick
Director
Registered Company No. 12061570

David Capstick Limited

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Vehicles	25	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Prior period adjustment
	During the year, the directors identified that the company's investment in a subsidiary undertaking, acquired in a prior period, had not been recognised in the financial statements. The investment should have been included within fixed asset investments at a cost of £176,758 with a corresponding increase in the director's loan account. Comparative figures have been restated accordingly. The adjustment increased fixed asset investments by £176,714 and amounts due to the director by £176,714 as of 31st March 2026. The adjustment had no impact on profit or shareholders' funds.

Prior period adjustment

During the year, the directors identified that the company's investment in a subsidiary undertaking, acquired in a prior period, had not been recognised in the financial statements. The investment should have been included within fixed asset investments at a cost of £176,758 with a corresponding increase in the director's loan account.  Comparative figures have been restated accordingly. The adjustment increased fixed asset investments by £176,714 and amounts due to the director by £176,714 as of 31st March 2026.  The adjustment had no impact on profit or shareholders' funds.

4.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 25	200,000	200,000
At 31 March 26	200,000	200,000
Amortisation and impairment
At 01 April 25	101,667	101,667
Charge for year	20,000	20,000
At 31 March 26	121,667	121,667
Net book value
At 31 March 26	78,333	78,333
At 31 March 25	98,333	98,333

5.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
Additions	5,497	10,106	167	15,770
At 31 March 26	5,497	10,106	167	15,770
Depreciation and impairment
Charge for year	825	2,526	55	3,406
At 31 March 26	825	2,526	55	3,406
Net book value
At 31 March 26	4,672	7,580	112	12,364
At 31 March 25	-	-	-	-

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 25	176,809	176,809
Additions	51	51
At 31 March 26	176,860	176,860
Net book value
At 31 March 26	176,860	176,860
At 31 March 25	176,809	176,809

	Notes
	¹Investments in group undertakings and participating interests

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Amounts owed to related parties	46,843	58,935
Taxation and social security	9,066	9,534
Other creditors	59,125	151,377
Accrued liabilities and deferred income	1,996	1,566
Total	117,030	221,412

8.	Related party transactions
	The director continued to loan funds to the company. As of 31st March 2026, the company owed the director £59,126 (2005 - £151,377). This loan interest free, unsecured and repayable upon demand. The company has a controlling shareholding in J N & E Capstick Insurance Consultants Limited. As of the balance sheet date, the company owed £Nil (2025 - £42,091) to J N & E Capstick Insurance Consultants Limited. During the year, the company acquired the controlling interest in J N & E Capstick Financial Services Ltd. As of 31st March 2026, this company owed its subsidiary company, J N & E Capstick Financial Services Ltd £46,842 (2025 - £16,844).

Related party transactions

The director continued to loan funds to the company.  As of 31st March 2026, the company owed the director £59,126 (2005 - £151,377).  This loan interest free, unsecured and repayable upon demand.

The company has a controlling shareholding in J N & E Capstick Insurance Consultants Limited.  As of the balance sheet date, the company owed £Nil (2025 - £42,091) to J N & E Capstick Insurance Consultants Limited.

During the year, the company acquired the controlling interest in J N & E Capstick Financial Services Ltd.  As of 31st March 2026, this company owed its subsidiary company, J N & E Capstick Financial Services Ltd £46,842 (2025 - £16,844).

9.	Parent-subsidiary relationships
	This parent company, and the group headed by it, qualify as a small group and, as such, the parent and the group are exempt from producing group accounts. These accounts are for this company alone.