Capri Finance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07182828 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2021

for

CAPRI FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Hopkin

Mrs D Hopkin

SECRETARY:

Mrs D Hopkin

REGISTERED OFFICE:

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

REGISTERED NUMBER:

07182828 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Tangible assets

4

539

400

CURRENT ASSETS

Debtors

5

6,815

21,818

Cash at bank

47,633

39,604

54,448

61,422

CREDITORS

Amounts falling due within one year

6

25,860

21,436

NET CURRENT ASSETS

28,588

39,986

TOTAL ASSETS LESS CURRENT LIABILITIES

29,127

40,386

PROVISIONS FOR LIABILITIES

102

76

NET ASSETS

29,025

40,310

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,925

40,210

SHAREHOLDERS' FUNDS

29,025

40,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 17th May 2021 and were signed on its behalf by:

Mr R Hopkin - Director

1.	STATUTORY INFORMATION

Capri Finance 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2020

3,120

Additions

466

At 31st March 2021

3,586

DEPRECIATION

At 1st April 2020

2,720

Charge for year

327

At 31st March 2021

3,047

NET BOOK VALUE

At 31st March 2021

539

At 31st March 2020

400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Trade debtors

6,815

7,770

Other debtors

-

14,048

6,815

21,818

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Taxation and social security

17,931

20,561

Other creditors

7,929

875

25,860

21,436

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2021 and 31st March 2020:

31/3/21

31/3/20

£

£

Mr R Hopkin

Balance outstanding at start of year

14,048

9,086

Amounts advanced

46,500

71,000

Amounts repaid

(67,547

)

(66,038

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,999

)

14,048