Captive Worlds Ltd

CAPTIVE WORLDS LTD - Company Information

Registered number: 12802825

Captive Worlds Ltd

Financial Statements

For The Year Ended 31 August 2023

Captive Worlds Ltd

Contents

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Page 1

Captive Worlds Ltd

Balance Sheet

As At 31 August 2023

Balance Sheet

Registered number: 12802825

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		343		572

			343		572
CURRENT ASSETS
Stocks	5	13,206		14,248
Cash at bank and in hand		4,240		4,563

		17,446		18,811
Creditors: Amounts Falling Due Within One Year	6	(35,310 )		(33,818 )

NET CURRENT ASSETS (LIABILITIES)			(17,864 )		(15,007 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(17,521 )		(14,435 )

NET LIABILITIES			(17,521 )		(14,435 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(17,522 )		(14,436 )

SHAREHOLDERS' FUNDS			(17,521)		(14,435)

Page 1

Page 2

Captive Worlds Ltd

Balance Sheet (continued)

As At 31 August 2023

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

Mr John Arnold

Director

27/05/2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

Page 3

Captive Worlds Ltd

Notes to the Financial Statements

For The Year Ended 31 August 2023

Notes to the Financial Statements

1. General Information

Captive Worlds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12802825 . The registered office is 51 High Street, Salisbury, Wiltshire, SP1 2PB.

2. Accounting Policies

2.1. 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.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the director.

2.3. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. 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:

Computer Equipment

25% straight line

2.5. 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.

2.6. Financial Instruments

Financial Instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.

Page 3

Page 4

Captive Worlds Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2023

2.7. Taxation

Corporation 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 years 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2023	2022
Office and administration	1	1

	1	1

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 September 2022	916

As at 31 August 2023	916

Depreciation
As at 1 September 2022	344
Provided during the period	229

As at 31 August 2023	573

Net Book Value
As at 31 August 2023	343

As at 1 September 2022	572

5. Stocks

	2023	2022
	£	£
Finished goods	13,206	14,248

6. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
VAT	-	372
Accruals and deferred income	600	600
Director's loan account	34,710	32,846

	35,310	33,818

7. Share Capital

	2023	2022
	£	£
Allotted, Called up and fully paid	1	1

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