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REGISTERED NUMBER: 09526512 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

ANB SENSORS LTD

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANB SENSORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: N S Lawrence
S A Gahlings
K McGuinness
I McGuinness
V G Nallaratnam
M G M Baunach
G E Cruger





REGISTERED OFFICE: Building 6
Old Farm Business Centre
Church Road
Toft
Cambridgeshire
CB23 2RF





REGISTERED NUMBER: 09526512 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,831 12,331

CURRENT ASSETS
Stocks 58,097 18,266
Debtors 6 285,028 109,488
Cash at bank and in hand 273,279 501,287
616,404 629,041
CREDITORS
Amounts falling due within one year 7 (93,647 ) (34,824 )
NET CURRENT ASSETS 522,757 594,217
TOTAL ASSETS LESS CURRENT LIABILITIES 531,588 606,548

CREDITORS
Amounts falling due after more than one
year

8

(52,546

)

-
NET ASSETS 479,042 606,548

CAPITAL AND RESERVES
Called up share capital 10 2,412 2,165
Share premium 1,948,688 1,445,659
Retained earnings (1,472,058 ) (841,276 )
SHAREHOLDERS' FUNDS 479,042 606,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

BALANCE SHEET - continued
30 APRIL 2023


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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




N S Lawrence - Director



K McGuinness - Director


ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents sales excluding VAT in respect of calibration-free pH measuring technologies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Items which would otherwise meet the definition of a fixed asset under the value of £2,000 are expensed through the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued

Grant funding
Grant funding is recognised under the accruals method.

- Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the the related costs for which the grant is intended to compensate.

- A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs shall be recognised in income in the period in which it becomes receivable.

- Grants relating to assets shall be recognised in income on a systematic basis over the expected useful life of the asset.

- Where part of a grant relating to an asset is deferred it shall be recognised as deferred income and not deducted from the carrying amount of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 17,786
DEPRECIATION
At 1 May 2022 5,455
Charge for year 3,500
At 30 April 2023 8,955
NET BOOK VALUE
At 30 April 2023 8,831
At 30 April 2022 12,331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,943 20
Other debtors 244,085 109,468
285,028 109,488

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 35,230 13,490
Taxation and social security 15,174 12,984
Other creditors 43,243 8,350
93,647 34,824

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 52,546 -

9. LEASING AGREEMENTS

At the year end the company had an operating lease with a financial commitment of £7,500. This represents six months remaining on the current lease.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
216,477 Ordinary 0.01 2,412 2,165

24,731 Ordinary shares of 0.01 each were allotted as fully paid at a premium of £20.34 per share during the year.

11. DEFERRED TAX

A deferred tax asset has not been recognised with regard to trading losses on the basis that its recovery is not certain.

12. GRANT FUNDING

During the year under review grant funding of £61,305 (2022: £106,767) was recognised in the profit and loss account.

13. RESEARCH AND DEVELOPMENT WITHHOLDING TAX DEBTOR

Included within other debtors is £29,780 (2022: £27,875) which can be utilised against future tax liabilities. The amount is not repayable.