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, London, EC2A 4NE.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.
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.
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the statement of financial position rather than as part of the company's issued share capital.
|
2. |
Average number of employees
Average number of employees during the year was 12 (2022 : 11).
|
3. |
Intangible fixed assets
Cost |
Software |
|
Total |
|
£ |
|
£ |
At 01 April 2022 |
3,019,930 |
|
3,019,930 |
Additions |
958,658 |
|
958,658 |
Disposals |
- |
|
- |
At 31 March 2023 |
3,978,588 |
|
3,978,588 |
Amortisation |
At 01 April 2022 |
- |
|
- |
Charge for year |
- |
|
- |
On disposals |
- |
|
- |
At 31 March 2023 |
- |
|
- |
Net book values |
At 31 March 2023 |
3,978,588 |
|
3,978,588 |
At 31 March 2022 |
3,019,930 |
|
3,019,930 |
|
4. |
Tangible fixed assets
Cost or valuation |
Computer Equipment |
|
Total |
|
£ |
|
£ |
At 01 April 2022 |
11,479 |
|
11,479 |
Additions |
2,045 |
|
2,045 |
Disposals |
- |
|
- |
At 31 March 2023 |
13,524 |
|
13,524 |
Depreciation |
At 01 April 2022 |
4,436 |
|
4,436 |
Charge for year |
599 |
|
599 |
On disposals |
- |
|
- |
At 31 March 2023 |
5,035 |
|
5,035 |
Net book values |
Closing balance as at 31 March 2023 |
8,489 |
|
8,489 |
Opening balance as at 01 April 2022 |
7,043 |
|
7,043 |
|
5. |
Investments
Cost |
Investments in group undertakings |
|
Total |
|
£ |
|
£ |
At 01 April 2022 |
1,200 |
|
1,200 |
Additions |
- |
|
- |
Transfer to/from tangible fixed assets |
0 |
|
0 |
Disposals |
- |
|
- |
At 31 March 2023 |
1,200 |
|
1,200 |
|
6. |
Share Capital
Allotted, called up and fully paid
|
2023 £ |
|
2022 £ |
3,228,740
Class A shares of £0.01 each |
32,287 |
|
30,908 |
|
32,287 |
|
30,908 |
|
2
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