Capital & Finance Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 05737242 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2016 to 31 March 2017

for

Capital & Finance Limited

Previously known as

Capital & Finance Accounting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P G Cordrey

SECRETARY:

Miss S Etherington

REGISTERED OFFICE:

Calverton House

1 Keller Close

Kiln Farm

Milton Keynes

MK11 3LL

REGISTERED NUMBER:

05737242 (England and Wales)

BANKERS:

Lloyds Bank plc

1st Floor Navigation House

Walnut Tree Park

Walnut Tree Close

Guildford

GU1 4TR

SOLICITORS:

Paul Davidson Taylor

Premier House

36-48 Queen Street

Horsham

Surrey

RH13 5AD

FIXED ASSETS

Tangible assets

4

40,194

1,985

Investments

5

1

-

40,195

1,985

CURRENT ASSETS

Debtors

6

132,480

28,568

Cash at bank

54,147

9,111

186,627

37,679

CREDITORS

Amounts falling due within one year

7

154,766

13,134

NET CURRENT ASSETS

31,861

24,545

TOTAL ASSETS LESS CURRENT LIABILITIES

72,056

26,530

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

62,056

16,530

SHAREHOLDERS' FUNDS

72,056

26,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 April 2017 and were signed by:

Mr P G Cordrey - Director

1.	STATUTORY INFORMATION

Capital & Finance Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services excluding value added tax. Turnover is recognised on

delivery of the service that is being provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

2,865

Additions

40,000

Disposals

(2,392

)

At 31 March 2017

40,473

DEPRECIATION

At 1 May 2016

880

Charge for period

685

Eliminated on disposal

(1,286

)

At 31 March 2017

279

NET BOOK VALUE

At 31 March 2017

40,194

At 30 April 2016

1,985

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1

At 31 March 2017

1

NET BOOK VALUE

At 31 March 2017

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

132,480

26,257

Tax

-

582

Prepayments and accrued income

-

1,729

132,480

28,568

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

480

333

Amounts owed to group undertakings

-

2,849

Corporation tax

8,752

-

Social security and other taxes

-

9,332

VAT

43,362

-

Other creditors

1,560

-

Directors' current accounts

1,000

-

Accruals and deferred income

99,612

620

154,766

13,134

8.	RELATED PARTY DISCLOSURES

The profit includes commission received from Calverton Finance Limited, a company related by common control

of £18,874 (2016: £41,243) and £48,300 (2016: £19,725) in relation to accountancy services. In addition during

the year £21,339 (2016: £16,514) of payroll costs and other expenses were recharged by Calverton Finance

Limited, there was no balance outstanding at the year end. (2016: £2,849 to Calverton Finance Ltd).

The profit includes purchases from Calverton Business Support Limited, a company related by common control

of £288 (2016: £889). There was no balance outstanding at the year end (2016: £nil)

The profit includes sales of £350 (2016: £360) in relation to accountancy services to Cordrey Investments

Limited, a company owned by Mr P G Cordrey, one of the directors and shareholders.

The profit includes sales of £475 (2016 £475) in relation to accountancy services to Artalone Limited, a

company owned by the wife of Mr P G Cordrey, one of the directors and shareholders.

The profit includes sales of £300 (2016 £nil) in relation to accountancy services to Miss R Cordrey, daughter to

Mr P G Cordrey, one of the directors and shareholders.

9.	ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party to be Cordrey Investments Limited which is incorporated in

the United Kingdom and controlled by Mr P G Cordrey.