Capella Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05448801 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2020

FOR

CAPELLA ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K E Smith

REGISTERED OFFICE:

c/o Vinings Limited

Grafton House

Bulls Head Yard

Alcester

Warwickshire

B49 5BX

REGISTERED NUMBER:

05448801 (England and Wales)

ACCOUNTANTS:

Vinings Limited

Chartered Certified Accountants

Grafton House

Bulls Head Yard

Alcester

Warwickshire

B49 5BX

FIXED ASSETS

Tangible assets

4

6,589

1,556

CURRENT ASSETS

Debtors

5

94,581

57,265

Cash at bank

416,921

417,904

511,502

475,169

CREDITORS

Amounts falling due within one year

6

87,567

105,495

NET CURRENT ASSETS

423,935

369,674

TOTAL ASSETS LESS CURRENT LIABILITIES

430,524

371,230

PROVISIONS FOR LIABILITIES

1,252

-

NET ASSETS

429,272

371,230

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

429,172

371,130

SHAREHOLDERS' FUNDS

429,272

371,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 7th October 2020 and were signed by:

Mrs K E Smith - Director

1.	STATUTORY INFORMATION

Capella Associates 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.

Fixtures and fittings

-

15% on reducing balance

Equipment

-

33% on reducing balance

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.

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1st June 2019

3,002

7,184

10,186

Additions

-

8,124

8,124

At 31st May 2020

3,002

15,308

18,310

DEPRECIATION

At 1st June 2019

2,428

6,202

8,630

Charge for year

86

3,005

3,091

At 31st May 2020

2,514

9,207

11,721

NET BOOK VALUE

At 31st May 2020

488

6,101

6,589

At 31st May 2019

574

982

1,556

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

12,648

8,968

Other debtors

74,478

48,049

VAT

-

248

Prepayments

7,455

-

94,581

57,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

43,975

65,034

Tax

22,404

13,316

VAT

13,107

-

Other creditors

149

-

Net wages control

732

-

Directors' current accounts

-

2,459

Accrued expenses

7,200

24,686

87,567

105,495

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K E Smith.