Abbreviated Company Accounts - CAPRIN LIMITED

03356812 CAPRIN LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 03356812 2014-08-01 2015-07-31 03356812 2015-07-31 03356812 2014-07-31 03356812 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 03356812 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 03356812

CAPRIN LIMITED

Abbreviated Accounts

31 July 2015

CAPRIN LIMITED Registered Number 03356812

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	25,873	53,331
		25,873	53,331
Current assets
Stocks		14,052	13,079
Debtors		103,376	102,382
Cash at bank and in hand		57,597	53,339
		175,025	168,800
Creditors: amounts falling due within one year		(64,543)	(48,788)
Net current assets (liabilities)		110,482	120,012
Total assets less current liabilities		136,355	173,343
Creditors: amounts falling due after more than one year		(29,690)	(42,552)
Provisions for liabilities		(1,467)	(1,303)
Total net assets (liabilities)		105,198	129,488
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		104,198	128,488
Shareholders' funds		105,198	129,488

For the year ending 31 July 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 April 2016

And signed on their behalf by:
A Gudka, Director
N Gudka, Director

CAPRIN LIMITED Registered Number 03356812

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property -Over the term of the lease
Plant & Machinery -20%p.a. straight line basis
Motor Vehicles -25%p.a. straight line basis
Computer Equipment -33%p.a. straight line basis

Valuation information and policy
All fixed assets are initially recorded at cost.

Other accounting policies
Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 August 2014	844,803
Additions	111
Disposals	(107,112)
Revaluations	-
Transfers	-
At 31 July 2015	737,802
Depreciation
At 1 August 2014	791,472
Charge for the year	15,232
On disposals	(94,775)
At 31 July 2015	711,929
Net book values
At 31 July 2015	25,873
At 31 July 2014	53,331

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

The company occupies leasehold premises which are owned by Mrs S & M Gudka,the wives of the directors. They are also shareholders and employees of the company. The rent payable by the company for the financial year was £26,400(2014 £26,400).

The company was under the control of Mr Ajay Gudka and Mr Nitin Gudka throughout the current and previous year. Mr Ajay Gudka and Mr Nitin Gudka are the directors and holds entire share capital of the company along with their wives.