Company registration number: 12504326
Unaudited financial statements
for the year ended 31 March 2025
for
Charac Limited
Pages for filing with the Registrar
Company registration number: 12504326
Charac Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 1,862,912 1,233,791
Tangible assets 5 6,698 9,452
1,869,610 1,243,243
Current assets
Debtors 575,685 329,420
Cash at bank and in hand 323,852 207,287
899,537 536,707
Creditors: amounts falling due within one
year
(355,464) (346,888)
Net current assets 544,073 189,819
Total assets less current liabilities 2,413,683 1,433,062
Creditors: Amounts falling due after more
than one year
(592,354) (104,512)
NET ASSETS 1,821,329 1,328,550
Capital and reserves
Called up share capital 352 312
Share premium account 4,362,100 2,796,704
Other reserves 504,607 309,075
Profit and loss account (3,045,730) (1,777,541)
TOTAL EQUITY 1,821,329 1,328,550
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12504326
Charac Limited
Balance sheet - continued
as at 31 March 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 17 July 2025 and signed on its behalf by:
Mr S Sahu, Director
17 July 2025
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Charac Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Charac Limited is a private company registered in England and Wales. Its registered number is 12504326. The company is limited by shares. Its registered office is 6 Mendip Way, Corby, Northamptonshire, NN18 8GJ.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 20% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures and fittings - 25% reducing balance
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Charac Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 17 (2024 - 11).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 April 2024 1,512,406
Additions 954,916
At 31 March 2025 2,467,322
Amortisation
At 1 April 2024 278,615
Charge for year 325,795
At 31 March 2025 604,410
Net book value
At 31 March 2025 1,862,912
At 31 March 2024 1,233,791
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Charac Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 13,202
Additions 657
At 31 March 2025 13,859
Depreciation
At 1 April 2024 3,750
Charge for year 3,411
At 31 March 2025 7,161
Net book value
At 31 March 2025 6,698
At 31 March 2024 9,452
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