Applied Neuroscience Solutions Ltd
Registered number: 07151190
Statement of Financial Position
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 19,411 16,347
Current assets
Debtors 5 17,088 16,976
Cash at bank and in hand 13,218 26,803
30,306 43,779
Creditors: amounts falling due within one year 6 (25,163) (27,341)
Net current assets 5,143 16,438
Total assets less current liabilities 24,554 32,785
Creditors: amounts falling due after more than one year 7 (42,491) (54,814)
Provisions for liabilities (3,688) (3,106)
Net liabilities (21,625) (25,135)
Capital and reserves
Called up share capital 100 100
Profit and loss account (21,725) (25,235)
Shareholder's funds (21,625) (25,135)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Black
Director
Approved by the board on 16 November 2023
Applied Neuroscience Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director considers the company to be a going concern, notwithstanding that there are losses of £21,725. They have reviewed the potential future of the company and consider that it will continue to trade profitably for the foreseeable future.

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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 4 3
3 Government grants
The company has received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.
2023 2022
£ £
Grants received under the covid job retention scheme - 219
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 55,238
Additions 9,535
At 28 February 2023 64,773
Depreciation
At 1 March 2022 38,891
Charge for the year 6,471
At 28 February 2023 45,362
Net book value
At 28 February 2023 19,411
At 28 February 2022 16,347
5 Debtors 2023 2022
£ £
Trade debtors 7,750 8,190
Other debtors 9,338 8,786
17,088 16,976
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,255 7,163
Trade creditors 733 -
Accruals 890 850
Other taxes and social security costs 7,277 9,535
Other creditors 9,008 9,793
25,163 27,341
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,077 22,332
Other creditors 27,414 32,482
42,491 54,814
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Black
Repayable on demand 2,153 - 158 1,995
2,153 - 158 1,995
9 Other information
Applied Neuroscience Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
41 Bramble Green
Frimley Green
Camberley
GU16 6PN
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