Capella Computer Solutions Ltd
Capella Computer Solutions Ltd
Registered number: 11615862
Financial Statements
For The Year Ended
31 October 2022
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Capella Computer Solutions Ltd
Financial Statements
For The Year Ended
31 October 2022
Financial Statements
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| Page | |
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| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Capella Computer Solutions Ltd
Accountant's Report
For The Year Ended
31 October 2022
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of
Capella Computer Solutions Ltd
For The Year Ended 31 October 2022
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
Capella Computer Solutions Ltd
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Capella Computer Solutions Ltd
, as a body, in accordance with the terms of our engagement letter dated 25 February 2019. Our work has been undertaken solely to prepare for your approval the accounts of
Capella Computer Solutions Ltd
and state those matters that we have agreed to state to the directors of
Capella Computer Solutions Ltd
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Capella Computer Solutions Ltd
and its directors as a body for our work or for this report.
It is your duty to ensure that
Capella Computer Solutions Ltd
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Capella Computer Solutions Ltd
. You consider that
Capella Computer Solutions Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of
Capella Computer Solutions Ltd
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Capella Computer Solutions Ltd
Balance Sheet
As at
31 October 2022
Balance Sheet
Registered number:
11615862
For the year ending 31 October 2022 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.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 159,541 | 112,816 | |||
Capella Computer Solutions Ltd
Balance Sheet (continued)
As at
31 October 2022
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
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Director
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The notes on pages 4 to 5 form part of these financial statements.
Capella Computer Solutions Ltd
Notes to the Financial Statements
For The Year Ended
31 October 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
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
1.2.
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.
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.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
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.
1.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2021: 2)
Capella Computer Solutions Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2022
3.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
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| Depreciation | |||
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| Net Book Value | |||
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4.
General Information
Capella Computer Solutions Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
11615862
. The registered office is 146 Manor Way, Borehamwood, Hertfordshire, WD6 1RB.