CAPSARIS PHARMA LTD


Directors	ANYAMENE, Ifesinachi Chidinma
	ANYAMENE, Okechukwu Joseph
	NZE, Ebele
	NZE, Ikenna Uzodimma


Registered Address	64 Windham Avenue New Addington
	Croydon
	CR0 0HW


Registered Number	14606775 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		298,600		334,078
Tangible assets	4		11,329		11,224
			309,929		345,302
Current assets
Stocks	5	37,750		45,601
Debtors	6	101,729		112,581
Cash at bank and on hand		79,586		67,547
		219,065		225,729
Creditors amounts falling due within one year	7	(528,231)		(558,799)
Net current assets (liabilities)			(309,166)		(333,070)
Total assets less current liabilities			763		12,232
Net assets			763		12,232
Capital and reserves
Called up share capital			100		100
Profit and loss account			663		12,132
Shareholders' funds			763		12,232

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2025, and are signed on its behalf by:

NZE, Ikenna Uzodimma
Director
Registered Company No. 14606775

CAPSARIS PHARMA LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Office Equipment	-	3

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		3

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 February 24	354,773	354,773
At 31 January 25	354,773	354,773
Amortisation and impairment
At 01 February 24	20,695	20,695
Charge for year	35,478	35,478
At 31 January 25	56,173	56,173
Net book value
At 31 January 25	298,600	298,600
At 31 January 24	334,078	334,078

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 February 24	12,300	-	12,300
Additions	-	1,840	1,840
At 31 January 25	12,300	1,840	14,140
Depreciation and impairment
At 01 February 24	1,076	-	1,076
Charge for year	1,684	51	1,735
At 31 January 25	2,760	51	2,811
Net book value
At 31 January 25	9,540	1,789	11,329
At 31 January 24	11,224	-	11,224

5.	Stocks

	2025	2024
	£	£
Finished goods	37,750	45,601
Total	37,750	45,601

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	80,729	85,563
Other debtors	21,000	27,018
Total	101,729	112,581

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	80,137	71,523
Amounts owed to related parties	397,446	431,787
Taxation and social security	9,205	6,345
Payments received on account	31,538	40,854
Other creditors	6,557	-
Accrued liabilities and deferred income	3,348	8,290
Total	528,231	558,799

8.	Related party transactions
	At the yearend, the company owed £205,378 (2024: 222,378) and £192,068 (2024: £209,409) to Capsaris Holdings Limited and Capsaris (UK) Limited respectively. The companies are related as Mr. I U Nze, Mr. O J Anyamene, Mrs. I C Anyamene and Mrs E NZE are also the directors of these companies.