Capes Gittins Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06448734

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		27,779		27,779

			27,779		27,779
CURRENT ASSETS
Debtors	6	55,207		55,207
Cash at bank and in hand		122		122

		55,329		55,329
Creditors: Amounts Falling Due Within One Year	7	(48,580 )		(48,580 )

NET CURRENT ASSETS (LIABILITIES)			6,749		6,749

TOTAL ASSETS LESS CURRENT LIABILITIES			34,528		34,528

Creditors: Amounts Falling Due After More Than One Year	8		(12,152 )		(12,152 )

NET ASSETS			22,376		22,376

CAPITAL AND RESERVES
Called up share capital	9		1,300		1,300
Profit and Loss Account			21,076		21,076

SHAREHOLDERS' FUNDS			22,376		22,376

Page 1

Page 2

Capes Gittins Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr. Christopher Morris

Director

30/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Capes Gittins Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06448734 . The registered office is 273-273 High Street, London Colney, St. Albans, Hertfordshire, AL2 1HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	175,500

As at 31 October 2025	175,500

Amortisation
As at 1 November 2024	147,721

As at 31 October 2025	147,721

Net Book Value
As at 31 October 2025	27,779

As at 1 November 2024	27,779

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Page 4

Capes Gittins Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Stocks

	2025		2024
	£		£

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,738	9,738
Other debtors	45,469	45,469

	55,207	55,207

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	17,648	17,648
Corporation tax	12,245	12,245
VAT	16,779	16,779
Other creditors	1,908	1,908

	48,580	48,580

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	12,152	12,152

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,300	1,300

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