Company Registration No. SC536173 (Scotland)
CAPTAIN CORNELIUS LIMITED
Unaudited accounts
for the year ended 31 May 2023
CAPTAIN CORNELIUS LIMITED
Unaudited accounts
Contents
CAPTAIN CORNELIUS LIMITED
Company Information
for the year ended 31 May 2023
Directors
Stewart Carroll
Margaret Carroll
Alina Carroll
Company Number
SC536173 (Scotland)
Registered Office
67 NEWTON GROVE
NEWTON MEARNS
GLASGOW
G77 5QJ
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
CAPTAIN CORNELIUS LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
3,622
6,473
Cash at bank and in hand
240,041
181,838
Creditors: amounts falling due within one year
(55,119)
(49,581)
Net current assets
193,694
139,677
Net assets
197,316
146,150
Called up share capital
100
100
Profit and loss account
197,216
146,050
Shareholders' funds
197,316
146,150
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2024 and were signed on its behalf by
Stewart Carroll
Director
Company Registration No. SC536173
CAPTAIN CORNELIUS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
CAPTAIN CORNELIUS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC536173. The registered office is 67 NEWTON GROVE, NEWTON MEARNS, GLASGOW, G77 5QJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
4
Tangible fixed assets
Plant & machinery
CAPTAIN CORNELIUS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
8,772
7,420
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
13,272
5,562
Loans from directors
40,005
42,273
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).