Capturehub Limited |
Notes to the Accounts |
for the period from 7 September 2016 to 31 December 2017 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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2 |
Debtors |
2017 |
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£ |
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Trade debtors |
1,335 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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1,700,485 |
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1,701,820 |
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3 |
Creditors: amounts falling due within one year |
2017 |
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£ |
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Non-equity preference shares |
1,844,701 |
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Bank loans and overdrafts |
344,180 |
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Trade creditors |
338 |
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Taxation and social security costs |
1,549,337 |
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Other creditors |
47,384 |
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3,785,940 |
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4 |
Other information |
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Capturehub Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Olivers Barn |
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Maldon Road |
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Witham |
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Essex |
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CM8 3HY |