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Company Registration No. 06425174 (England and Wales)
Aseptika Limited UNAUDITED ACCOUNTS for the year ended 31 March 2024
Aseptika Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
167,162 
187,237 
Tangible assets
4,319 
7,078 
171,481 
194,315 
Current assets
Inventories
63,330 
33,830 
Debtors
244,593 
237,099 
Cash at bank and in hand
53,364 
149,064 
361,287 
419,993 
Creditors: amounts falling due within one year
(527,016)
(599,711)
Net current liabilities
(165,729)
(179,718)
Total assets less current liabilities
5,752 
14,597 
Creditors: amounts falling due after more than one year
(592,957)
(525,256)
Net liabilities
(587,205)
(510,659)
Capital and reserves
Called up share capital
110 
110 
Revaluation reserve
117,491 
117,491 
Profit and loss account
(704,806)
(628,260)
Shareholders' funds
(587,205)
(510,659)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
Mr K Auton Director Company Registration No. 06425174
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Aseptika Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Aseptika Limited is a private company, limited by shares, registered in England and Wales, registration number 06425174. The registered office is Suite 5, Sitwo (formerly LDH House), Parsons Green, St Ives, Cambs, PE27 4AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Aseptika Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
At the end of the accounting year, the company was insolvent with net liabilities of £587,205 (2023 £510,659). The accounts have been prepared on a going concern basis as the Directors are of the opinion that solvency will be secured over the next twelve months.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
241,054 
At 31 March 2024
241,054 
Amortisation
At 1 April 2023
53,817 
Charge for the year
20,075 
At 31 March 2024
73,892 
Net book value
At 31 March 2024
167,162 
At 31 March 2023
187,237 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
62,023 
Additions
2,439 
At 31 March 2024
64,462 
Depreciation
At 1 April 2023
54,945 
Charge for the year
5,198 
At 31 March 2024
60,143 
Net book value
At 31 March 2024
4,319 
At 31 March 2023
7,078 
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Aseptika Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,438 
1,080 
Accrued income and prepayments
89,346 
108,900 
Other debtors
151,809 
127,119 
244,593 
237,099 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
186,565 
124,288 
Trade creditors
138,666 
5,842 
Taxes and social security
15,679 
49,508 
Other creditors
38,446 
28,568 
Deferred income
147,660 
391,505 
527,016 
599,711 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
326,671 
258,970 
Other creditors
266,286 
266,286 
592,957 
525,256 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
24,383 
25,385 
Later than one year and not later than five years
30,199 
57,839 
54,582 
83,224 
10
Average number of employees
During the year the average number of employees was 8 (2023: 7).
- 5 -