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Unaudited Financial Statements |
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for the Year Ended 31 January 2018 |
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for |
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CAPITAL CURRENCIES LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 January 2018 |
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for |
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CAPITAL CURRENCIES LIMITED |
CAPITAL CURRENCIES LIMITED (REGISTERED NUMBER: 05021694) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CAPITAL CURRENCIES LIMITED |
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Company Information |
for the Year Ended 31 January 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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CAPITAL CURRENCIES LIMITED (REGISTERED NUMBER: 05021694) |
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Balance Sheet |
31 January 2018 |
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31.1.18 | 31.1.17 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand | 5 |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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CAPITAL CURRENCIES LIMITED (REGISTERED NUMBER: 05021694) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2018 |
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1. | STATUTORY INFORMATION |
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Capital Currencies Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of |
the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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Deferred tax |
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet as these are considered immaterial. |
CAPITAL CURRENCIES LIMITED (REGISTERED NUMBER: 05021694) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 February 2017 |
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Additions |
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At 31 January 2018 |
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DEPRECIATION |
At 1 February 2017 |
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Charge for year |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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At 31 January 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
At 1 February 2017 |
and 31 January 2018 |
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DEPRECIATION |
At 1 February 2017 |
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Charge for year |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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At 31 January 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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CAPITAL CURRENCIES LIMITED (REGISTERED NUMBER: 05021694) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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5. | CASH AT BANK AND IN HAND |
31.1.18 | 31.1.17 |
£ | £ |
Bank deposit account |
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Bank account no. 1 | 2,399 | 1,870 |
Cash in hand |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Other creditors |
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Directors' loan accounts | 53,655 | 30,562 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.18 | 31.1.17 |
value: | £ | £ |
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Ordinary | £1 | 17,230 | 17,230 |
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8. | RESERVES |
Retained |
earnings |
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At 1 February 2017 |
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Profit for the year |
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Dividends | ( |
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At 31 January 2018 |
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9. | RELATED PARTY DISCLOSURES |
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During the year dividend paid to director of the company as follows : |
Ms. Joanne Strong : £13,570 in respect of ordinary shares (2017 - Nil) |
Mr. Craig Strong : £13,570 in respect of ordinary shares (2017 - Nil) |
CAPITAL CURRENCIES LIMITED (REGISTERED NUMBER: 05021694) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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10. | ULTIMATE CONTROLLING PARTY |
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In the opinion of the directors the company is controlled by C Strong by virtue that he holds, including family |
interests, 100% of the issued share capital. |