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
Intangible assets
167,162
187,237
Tangible assets
4,319
7,078
Cash at bank and in hand
53,364
149,064
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)
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
Aseptika Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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 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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Aseptika Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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
Charge for the year
20,075
5
Tangible fixed assets
Plant & machinery
Aseptika Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
89,346
108,900
Other debtors
151,809
127,119
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
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
326,671
258,970
Other creditors
266,286
266,286
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
10
Average number of employees
During the year the average number of employees was 8 (2023: 7).