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Registered number: 13808390
Criticalcase Ltd
Financial Statements
For the Period 1 January 2025 to 31 March 2026
Welltax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13808390
31 March 2026 31 December 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 2,618
Cash at bank and in hand - 42,944
- 45,562
Creditors: Amounts Falling Due Within One Year 5 (39,497 ) (10,441 )
NET CURRENT ASSETS (LIABILITIES) (39,497 ) 35,121
TOTAL ASSETS LESS CURRENT LIABILITIES (39,497 ) 35,121
NET (LIABILITIES)/ASSETS (39,497 ) 35,121
CAPITAL AND RESERVES
Called up share capital 6 20,000 20,000
Profit and Loss Account (59,497 ) 15,121
SHAREHOLDERS' FUNDS (39,497) 35,121
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 Luca Antonio Nunno
Director
27/08/2026
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Criticalcase Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13808390 . The registered office is 124 City Road, London, EC1V 2NX.
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 company has ceased trading. The director intends to liquidate the company. As a result, the director does not consider the company to be a going concern, and these financial statements have been prepared on a basis other than going concern. The director has considered the recoverability of assets and settlement of liabilities, and no material adjustments are required. 
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
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2.6. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.7. Disclosure of long period
These financial statements have been prepared for the period from 01/01/2025 to 31/03/2026, being a period of 15 months. Accordingly, the comparative amounts presented in the financial statements are for the period from 01/01/2024 to 31/12/2024 and are therefore not entirely comparable.
2.8. Share capital
Ordinary shares are classified as equity. Equity instruments are initially recognised at the fair value of the cash or other resources received or receivable, net of directly attributable transaction costs. Any consideration received in excess of the nominal value of the shares issued is recognised in the share premium account.
2.9. Cash flow statement
The company qualifies as a small entity and has prepared its financial statements in accordance with Section 1A of FRS 102. In accordance with the provisions applicable to small entities, the company has not presented a statement of cash flows.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 2)
1 2
4. Debtors
31 March 2026 31 December 2024
£ £
Due within one year
Amounts owed by group undertakings - 100
Other debtors - 2,518
- 2,618
5. Creditors: Amounts Falling Due Within One Year
31 March 2026 31 December 2024
£ £
Trade creditors - 4,099
Amounts owed to group undertakings 35,297 -
Other creditors 4,200 5,653
Taxation and social security - 689
39,497 10,441
6. Share Capital
31 March 2026 31 December 2024
£ £
Allotted, Called up and fully paid 20,000 20,000
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7. Ultimate Controlling Party
The company's ultimate controlling party is Critical Holding Srl by virtue of its ownership of 100% of the issued share capital in the company.
8. Audit Information
The auditor's report on the accounts of Criticalcase Ltd for the period ended 31 March 2026 was unqualified.
The auditors emphasised the following matter without qualifying their report:
We draw attention to note 2.2 to the financial statements which explains that the director intends to liquidate the company and therefore does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.  Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2.  Our opinion is not modified in respect of this matter.
The auditor's report was signed by Grace Pay ACA (Senior Statutory Auditor) for and on behalf of UHY Ross Brooke , Statutory Auditor.
UHY Ross Brooke
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
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