CAPLON_LIMITED - Accounts

CAPLON LIMITED - Company Information

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Company Registration No. 02555531 (England and Wales)

CAPLON LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

CAPLON LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

CAPLON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,693

4,623

Investments

433,304

433,303

438,997

437,926

Current assets

Stocks

2,753,201

788,552

Debtors

1,677,241

2,895,522

Cash at bank and in hand

28,619

67,932

4,459,061

3,752,006

Creditors: amounts falling due within one year

(630,095)

(453,844)

Net current assets

3,828,966

3,298,162

Total assets less current liabilities

4,267,963

3,736,088

Creditors: amounts falling due after more than one year

(2,723,474)

(2,340,776)

Provisions for liabilities

(1,139)

1,543,350

1,395,312

Capital and reserves

Called up share capital

732,000

Profit and loss account

811,350

663,312

Shareholders' funds

1,543,350

1,395,312

CAPLON LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 November 2016

Mr RL Brake

Director

Company Registration No. 02555531

CAPLON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents sales of art worksales of art work

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Straight line

Fixtures, fittings & equipment

20% Straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

CAPLON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

7,601

433,303

440,904

Additions

3,920

3,921

At 31 March 2016

11,521

433,304

444,825

Depreciation

At 1 April 2015

2,978

Charge for the year

2,850

At 31 March 2016

5,828

Net book value

At 31 March 2016

5,693

433,304

438,997

At 31 March 2015

4,623

433,303

437,926

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Palmtrack Limited

England & Wales

Ordinary

100.00

Archeus/Post Modern Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Palmtrack Limited

Development & sell real estate

166,125

(1,395)

Archeus/Post Modern Limited

Not trading

252

(253)

CAPLON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

157,000 Ordinary of £1 each

157,000

575,000 Preference of £1 each

575,000

732,000