CAPSARIS (UK) LIMITED


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


Company Secretary	ANYAMENE, Okechukwu Joseph


Registered Address	64 Windham Avenue, New Addington
	Croydon
	Surrey
	CR0 0HW


Registered Number	05026736 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,609		14,171
			11,609		14,171
Current assets
Stocks	4	25,450		28,355
Debtors	5	336,199		377,381
Cash at bank and on hand		38,854		101,445
		400,503		507,181
Creditors amounts falling due within one year	6	(234,303)		(306,398)
Net current assets (liabilities)			166,200		200,783
Total assets less current liabilities			177,809		214,954
Creditors amounts falling due after one year	7		(27,293)		(37,293)
Net assets			150,516		177,661
Capital and reserves
Called up share capital			200		200
Profit and loss account			150,316		177,461
Shareholders' funds			150,516		177,661

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 31 October 2025, and are signed on its behalf by:

NZE, Ikenna Uzodimma
Director
Registered Company No. 05026736

CAPSARIS (UK) LIMITED

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	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 policy
	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 and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	25	-
Vehicles	-	4
Office Equipment	-	3

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 February 24	15,027	6,517	52,377	5,611	79,532
Additions	-	-	-	1,623	1,623
At 31 January 25	15,027	6,517	52,377	7,234	81,155
Depreciation and impairment
At 01 February 24	8,716	6,517	48,381	1,747	65,361
Charge for year	837	-	999	2,349	4,185
At 31 January 25	9,553	6,517	49,380	4,096	69,546
Net book value
At 31 January 25	5,474	-	2,997	3,138	11,609
At 31 January 24	6,311	-	3,996	3,864	14,171

4.	Stocks

	2025	2024
	£	£
Finished goods	25,450	28,355
Total	25,450	28,355

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	105,207	109,225
Amounts owed by group undertakings	180,668	204,909
Other debtors	50,324	63,247
Total	336,199	377,381

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	142,289	177,624
Bank borrowings and overdrafts	11,040	11,040
Taxation and social security	12,659	6,959
Payments received on account	40,794	43,377
Other creditors	371	45,898
Accrued liabilities and deferred income	27,150	21,500
Total	234,303	306,398

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,293	12,293
Other creditors	25,000	25,000
Total	27,293	37,293

8.	Related party transactions
	At the yearend, Capsaris Pharma Limited and Capsaris Holdings UK Ltd owed £180,668 (2024: £204,909) and £13,078 (2024: £13,078) to Capsaris (UK) Ltd respectively. The companies are related as Capsaris (UK) Ltd owns 100% share capital of Capsaris Pharma Ltd.