Acorah Software Products - Accounts Production 16.1.300 false true true false 5 April 2023 30 April 2024 30 April 2024 14782098 Mr J Spelman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14782098 2023-04-04 14782098 2024-04-30 14782098 2023-04-05 2024-04-30 14782098 frs-core:CurrentFinancialInstruments 2024-04-30 14782098 frs-core:ComputerEquipment 2024-04-30 14782098 frs-core:ComputerEquipment 2023-04-05 2024-04-30 14782098 frs-core:ComputerEquipment 2023-04-04 14782098 frs-core:SharePremium 2024-04-30 14782098 frs-core:ShareCapital 2024-04-30 14782098 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 14782098 frs-bus:PrivateLimitedCompanyLtd 2023-04-05 2024-04-30 14782098 frs-bus:FilletedAccounts 2023-04-05 2024-04-30 14782098 frs-bus:SmallEntities 2023-04-05 2024-04-30 14782098 frs-bus:AuditExempt-NoAccountantsReport 2023-04-05 2024-04-30 14782098 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-05 2024-04-30 14782098 frs-core:DeferredTaxation 2023-04-05 2024-04-30 14782098 frs-core:DeferredTaxation 2024-04-30 14782098 frs-core:CostValuation 2023-04-04 14782098 frs-core:AdditionsToInvestments 2024-04-30 14782098 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 14782098 frs-core:CostValuation 2024-04-30 14782098 frs-core:ProvisionsForImpairmentInvestments 2023-04-04 14782098 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 14782098 frs-bus:Director1 2023-04-05 2024-04-30 14782098 frs-countries:EnglandWales 2023-04-05 2024-04-30
Registered number: 14782098
Salix Caprea Limited
Unaudited Financial Statements
For the Period 5 April 2023 to 30 April 2024
Southgate & Co LLP
55 Thorpe Drive
Attleborough
Norfolk
NR17 2HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14782098
30 April 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 600
Investments 5 28,694
29,294
CURRENT ASSETS
Stocks 6 163,587
163,587
Creditors: Amounts Falling Due Within One Year 7 (35,355 )
NET CURRENT ASSETS (LIABILITIES) 128,232
TOTAL ASSETS LESS CURRENT LIABILITIES 157,526
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,588 )
NET ASSETS 155,938
CAPITAL AND RESERVES
Called up share capital 9 100
Share premium account 116,843
Profit and Loss Account 38,995
SHAREHOLDERS' FUNDS 155,938
Page 1
Page 2
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Spelman
Director
16/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Salix Caprea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14782098 . The registered office is 23 Lincoln Street, Norwich, Norfolk, NR2 3JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.
2.3. Turnover
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment - 33% Straight Line
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. 
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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2.7. Foreign Currencies
Functional and presentation currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Computer Equipment
£
Cost
As at 5 April 2023 -
Additions 900
As at 30 April 2024 900
Depreciation
As at 5 April 2023 -
Provided during the period 300
As at 30 April 2024 300
Net Book Value
As at 30 April 2024 600
As at 5 April 2023 -
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5. Investments
Other
£
Cost
As at 5 April 2023 -
Additions 22,940
Revaluations 5,754
As at 30 April 2024 28,694
Provision
As at 5 April 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 28,694
As at 5 April 2023 -
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Investments in crypto-assets, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
6. Stocks
30 April 2024
£
Stock 163,587
7. Creditors: Amounts Falling Due Within One Year
30 April 2024
£
Trade creditors 33
Other loans 3,582
Other creditors 23,500
Taxation and social security 8,240
35,355
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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8. Provisions for Liabilities
Deferred Tax Total
£ £
Additions 1,588 1,588
Balance at 30 April 2024 1,588 1,588
9. Share Capital
30 April 2024
£
Allotted, Called up and fully paid 100
10. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
11. Related Party Transactions
During the year, the company acquired trading stock at full market value from its Directors and Shareholders
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