CAPRIDGE_LIMITED - Accounts

CAPRIDGE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CAPRIDGE LIMITED FOR THE YEAR ENDED 31 AUGUST 2014

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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capridge Limited for the year ended 31 August 2014 set out on pages 2 to 4 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Capridge Limited, as a body, in accordance with the terms of our engagement letter dated 12 May 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Capridge Limited and state those matters that we have agreed to state to the Board of Directors of Capridge Limited, 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 Capridge Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Capridge Limited 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 loss of Capridge Limited. You consider that Capridge Limited 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 Capridge Limited. 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.

Moore and Smalley LLP

Chartered Accountants

Fylde House

Skyways Commercial Campus

Amy Johnson Way

Blackpool

FY4 3RS

2 July 2015

CAPRIDGE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

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2014

2013

Notes

Fixed assets

Tangible assets

185

232

Investments

20,000

20,185

20,232

Current assets

Debtors

265,084

301,260

Cash at bank and in hand

193

265,277

301,453

Creditors: amounts falling due within one year

(88,979)

(118,104)

Net current assets

176,298

183,349

Total assets less current liabilities

196,483

203,581

Provisions for liabilities

(2,785)

196,483

200,796

Capital and reserves

Called up share capital

50,000

Profit and loss account

146,483

150,796

Shareholders' funds

196,483

200,796

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 2 July 2015

Mr M Furber

Director

Company Registration No. 02507333

CAPRIDGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

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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 April 2008).

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

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:

Land and buildings Freehold

2% straight line

Fixtures, fittings & equipment

20% reducing balance

1.4

Investments

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

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CAPRIDGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2014

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Fixed assets

Tangible assets

Investments

Total

Cost

At 1 September 2013 & at 31 August 2014

1,774

20,000

21,774

Depreciation

At 1 September 2013

1,542

Charge for the year

At 31 August 2014

1,589

Net book value

At 31 August 2014

185

20,000

20,185

At 31 August 2013

232

20,000

20,232

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

Martin Furber & Co 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

2014

Principal activity

Martin Furber & Co Limited

Jewellers

(39,831)

1,167

Share capital

2014

2013

Allotted, called up and fully paid

50,000 ordinary shares of £1 each

50,000