Capium Limited - Accounts

Capium Limited - Accounts

CAPIUM LIMITED - Company Information

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Registered Number: 08438321
England and Wales

 

 

 

CAPIUM LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Capium Limited
Contents Page
For the year ended 31 March 2020
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Intangible fixed assets 2 2,100,675    1,594,712 
Tangible fixed assets 3 4,266    3,929 
Investments 4 1,200    1,200 
2,106,141    1,599,841 
Current assets      
Debtors: amounts falling due within one year (266,593)   (346,498)
Cash at bank and in hand 73,704    144,240 
(192,889)   (202,258)
Creditors: amount falling due within one year (51,953)   (73,364)
Net current assets (244,842)   (275,622)
 
Total assets less current liabilities 1,861,299    1,324,219 
Creditors: amount falling due after more than one year (75,000)   0 
Net assets 1,786,299    1,324,219 
 

Capital and reserves 		     
Called up share capital 5 30,908    29,519 
Share premium account 2,128,601    1,729,991 
Profit and loss account (373,210)   (435,291)
Shareholders funds 1,786,299    1,324,219 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 September 2020 and were signed on its behalf by:


--------------------------------
Mr Tushir Patel
Director
1
General Information
Capium Limited is a private company, limited by shares, registered in England and Wales, registration number 08438321, registration address 3rd Floor, 86-90 Paul Street, London, EC2A 4NE

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Intangible assets
Intangible assets are initially measured at cost, after initial recognition intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Fixed Assets Investments
The investment mentioned in the notes are to share capital investment in the wholly subsidiary company(Capium Smart Accounting Solution Private Limited) in India.
2.

Intangible fixed assets

Cost Software   Total
  £   £
At 01 April 2019 1,594,712    1,594,712 
Additions 505,963    505,963 
Disposals -    - 
At 31 March 2020 2,100,675    2,100,675 
Amortisation
At 01 April 2019 -    - 
Charge for year -    - 
On disposals -    - 
At 31 March 2020 -    - 
Net book values
At 31 March 2020 2,100,675    2,100,675 
At 31 March 2019 1,594,712    1,594,712 


3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2019 5,239    5,239 
Additions 1,596    1,596 
Disposals -    - 
At 31 March 2020 6,835    6,835 
Depreciation
At 01 April 2019 1,310    1,310 
Charge for year 1,259    1,259 
On disposals -    - 
At 31 March 2020 2,569    2,569 
Net book values
Closing balance as at 31 March 2020 4,266    4,266 
Opening balance as at 01 April 2019 3,929    3,929 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 April 2019 1,200    1,200 
Additions -    - 
Disposals -    - 
At 31 March 2020 1,200    1,200 

5.

Share Capital

Allotted
2020
£		   2019
£
3,090,812 Class A shares of £0.01 each 30,908    29,519 
30,908    29,519 

2