Capture Success Ltd Filleted accounts for Companies House (small and micro)

CAPTURE SUCCESS LTD - Company Information

2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01825075 2022-04-01 2023-03-31 01825075 2023-03-31 01825075 2022-03-31 01825075 2021-04-01 2022-03-31 01825075 2022-03-31 01825075 2021-03-31 01825075 core:MotorVehicles 2022-04-01 2023-03-31 01825075 bus:Director1 2022-04-01 2023-03-31 01825075 bus:Director2 2022-04-01 2023-03-31 01825075 core:MotorVehicles 2022-03-31 01825075 core:MotorVehicles 2023-03-31 01825075 core:WithinOneYear 2023-03-31 01825075 core:WithinOneYear 2022-03-31 01825075 core:AfterOneYear 2023-03-31 01825075 core:AfterOneYear 2022-03-31 01825075 core:ShareCapital 2023-03-31 01825075 core:ShareCapital 2022-03-31 01825075 core:RetainedEarningsAccumulatedLosses 2023-03-31 01825075 core:RetainedEarningsAccumulatedLosses 2022-03-31 01825075 core:MotorVehicles 2022-03-31 01825075 bus:Director1 2022-03-31 01825075 bus:Director1 2023-03-31 01825075 bus:Director1 2021-03-31 01825075 bus:Director1 2022-03-31 01825075 bus:Director1 2021-04-01 2022-03-31 01825075 bus:SmallEntities 2022-04-01 2023-03-31 01825075 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01825075 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01825075 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01825075 bus:FullAccounts 2022-04-01 2023-03-31 01825075 core:OfficeEquipment 2022-04-01 2023-03-31 01825075 core:OfficeEquipment 2022-03-31 01825075 core:OfficeEquipment 2023-03-31

COMPANY REGISTRATION NUMBER: 01825075

Capture Success Ltd

Filleted Unaudited Financial Statements

31 March 2023

Capture Success Ltd

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5		42,854	14,995

Current assets

Debtors	6	14,871	12,775
Cash at bank and in hand		13,290	9,462
		--------	--------
		28,161	22,237

Creditors: amounts falling due within one year	7	10,852		9,264
		--------		--------
Net current assets			17,309	12,973
			--------	--------
Total assets less current liabilities			60,163	27,968

Creditors: amounts falling due after more than one year	8		36,110	11,380

Provisions

Taxation including deferred tax	10,714	2,849
	--------	--------
Net assets	13,339	13,739
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	13,239	13,639
	--------	--------
Shareholders funds	13,339	13,739
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Capture Success Ltd

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 22 January 2024 , and are signed on behalf of the board by:

Mr R H Cook	Mrs S B Cook
Director	Director

Company registration number: 01825075

Capture Success Ltd

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Laurels Stow Road, Toddington, Cheltenham, Gloucestershire, GL54 5DT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2022	26,734	2,272	29,006
Additions	38,346	474	38,820
	--------	-------	--------
At 31 March 2023	65,080	2,746	67,826
	--------	-------	--------
Depreciation
At 1 April 2022	13,046	965	14,011
Charge for the year	10,407	554	10,961
	--------	-------	--------
At 31 March 2023	23,453	1,519	24,972
	--------	-------	--------
Carrying amount
At 31 March 2023	41,627	1,227	42,854
	--------	-------	--------
At 31 March 2022	13,688	1,307	14,995
	--------	-------	--------

6. Debtors

	2023	2022
	£	£
Trade debtors	1,650	1,775
Other debtors	13,221	11,000
	--------	--------
	14,871	12,775
	--------	--------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	1,050	–
Corporation tax	–	4,638
Other creditors	9,802	4,626
	--------	-------
	10,852	9,264
	--------	-------

8. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Other creditors	36,110	11,380
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R H Cook	( 452)	14,395	( 15,018)	( 1,075)
	----	--------	--------	-------

	2022
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R H Cook	( 672)	13,532	( 13,312)	( 452)
	----	--------	--------	----