Caplets Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06066346 (England and Wales)

CAPLETS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Ms J A J Clay

N G A Farrell

R Thompson

M J Tucker

REGISTERED OFFICE:

24A Gordon Road

West Bridgford

Nottingham

Nottinghamshire

NG2 5LN

REGISTERED NUMBER:

06066346 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

2

3,182

-

CURRENT ASSETS

Debtors

517

476

Cash at bank

2,900

2,131

3,417

2,607

CREDITORS

Amounts falling due within one year

3

19,295

52,049

NET CURRENT LIABILITIES

(15,878

)

(49,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,696

)

(49,442

)

CREDITORS

Amounts falling due after more than one
year

25,000

-

NET LIABILITIES

(37,696

)

(49,442

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(38,696

)

(50,442

)

SHAREHOLDERS' FUNDS

(37,696

)

(49,442

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 October 2016 and were signed on its behalf
by:

M J Tucker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

During the year to 31st May 2016 the company sustained a profit of £11,746 (2015: £9,159) and at that date its

liabilities exceeded its assets by £37,696 (2015: £49,442). The company is reliant upon the ongoing support of

its directors. The directors consider the going concern basis of accounting to be appropriate for the business

and in these financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

16,586

Additions

3,936

At 31 May 2016

20,522

DEPRECIATION

At 1 June 2015

16,586

Charge for year

754

At 31 May 2016

17,340

NET BOOK VALUE

At 31 May 2016

3,182

At 31 May 2015

-

3.

CREDITORS

Creditors include an amount of £ 7,678 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

1

1,000

5.	ULTIMATE PARENT COMPANY

TCTF Limited is regarded by the directors as being the company's ultimate parent company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Caplets Ltd for the year ended 31 May 2016 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Caplets Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Caplets Ltd and state those matters that we have agreed to state to the Board of Directors of Caplets Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Caplets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Caplets Ltd. You consider that Caplets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Caplets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

7 October 2016