Caprilite Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07740980 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

Caprilite Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss C Chen

K K To

REGISTERED OFFICE:

Caprilite Limited

Unit 34 The Waterside Trading Centre

34 Trumpers Way

Hanwell

London

W7 2QD

REGISTERED NUMBER:

07740980 (England and Wales)

ACCOUNTANTS:

Direct Accountants (UK) Ltd

137-139 Whitecross Street

Islington

London

EC1Y 8JL

FIXED ASSETS

Tangible assets

4

3,863

3,800

CURRENT ASSETS

Stocks

(10,000

)

20,000

Cash at bank and in hand

158,568

108,108

148,568

128,108

CREDITORS

Amounts falling due within one year

5

91,131

75,256

NET CURRENT ASSETS

57,437

52,852

TOTAL ASSETS LESS CURRENT LIABILITIES

61,300

56,652

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

61,298

56,650

61,300

56,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 29 April 2020 and were signed on its behalf by:

K K To - Director

1.	STATUTORY INFORMATION

Caprilite Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

5,680

Additions

1,350

At 31 July 2019

7,030

DEPRECIATION

At 1 August 2018

1,880

Charge for year

1,287

At 31 July 2019

3,167

NET BOOK VALUE

At 31 July 2019

3,863

At 31 July 2018

3,800

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Bank loans and overdrafts

161

-

Trade creditors

14,675

12,101

Taxation and social security

65,064

52,148

Other creditors

11,231

11,007

91,131

75,256