REGISTERED NUMBER: 03775179 (England and Wales)

Unaudited Financial Statements for the Year Ended 27 February 2025

for

Captrad Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R Capstick

Mrs S L Capstick

SECRETARY:

Mrs S L Capstick

REGISTERED OFFICE:

6a Gratton Place

East Gillibrands

Skelmersdale

WN8 9UE

REGISTERED NUMBER:

03775179 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

125,360

165,335

125,360

165,335

CURRENT ASSETS

Stocks

415,332

356,859

Debtors

5

456,003

509,913

Cash at bank and in hand

1,550,548

1,498,300

2,421,883

2,365,072

CREDITORS

Amounts falling due within one year

6

544,474

447,400

NET CURRENT ASSETS

1,877,409

1,917,672

TOTAL ASSETS LESS CURRENT LIABILITIES

2,002,769

2,083,007

CREDITORS

Amounts falling due after more than one year

7

(56,510

)

(76,044

)

PROVISIONS FOR LIABILITIES

(31,340

)

(41,334

)

NET ASSETS

1,914,919

1,965,629

CAPITAL AND RESERVES

Called up share capital

63

63

Capital redemption reserve

37

37

Retained earnings

1,914,819

1,965,529

1,914,919

1,965,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Mr P R Capstick - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

The cost of the property is considered to be equal to the residual value and therefore no depreciation is provided.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 28 February 2024

and 27 February 2025

7,000

AMORTISATION

At 28 February 2024

and 27 February 2025

7,000

NET BOOK VALUE

At 27 February 2025

-

At 27 February 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 28 February 2024

54,849

9,538

217,362

281,749

Additions

237

865

-

1,102

At 27 February 2025

55,086

10,403

217,362

282,851

DEPRECIATION

At 28 February 2024

31,115

5,073

80,226

116,414

Charge for year

5,993

800

34,284

41,077

At 27 February 2025

37,108

5,873

114,510

157,491

NET BOOK VALUE

At 27 February 2025

17,978

4,530

102,852

125,360

At 27 February 2024

23,734

4,465

137,136

165,335

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 28 February 2024

and 27 February 2025

190,527

DEPRECIATION

At 28 February 2024

68,235

Charge for year

30,573

At 27 February 2025

98,808

NET BOOK VALUE

At 27 February 2025

91,719

At 27 February 2024

122,292

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

381,693

424,946

Other debtors

2,339

-

Directors' current accounts

26,650

35,336

Tax

8,667

8,667

Prepayments

36,654

40,964

456,003

509,913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

19,534

19,534

Trade creditors

324,922

220,750

Tax

146,216

130,339

Social security and other taxes

7,581

8,268

Pension control

1,657

933

VAT

39,814

59,256

Accruals and deferred income

4,750

8,320

544,474

447,400

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

56,510

76,044

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 February 2025 and 27 February 2024:

2025

2024

£

£

Mr P R Capstick

Balance outstanding at start of year

(35,337

)

(91,290

)

Amounts repaid

8,687

55,953

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(26,650

)

(35,337

)

Interest was charged at a rate of 2.5% for the year, totalling £690 (2024 - £1,396).

9.	RELATED PARTY DISCLOSURES

Rent was paid to the director during the year totalling £3,250 (2024 - £13,000) for use of a commercial property.

During the year, the company paid property rent totalling £14,033 (2024-£nil) to a pension fund of the directors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P R Capstick.