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COMPANY REGISTRATION NUMBER: 02374361
Applied Concepts Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2023
Applied Concepts Limited
Statement of Financial Position
31 August 2023
2023
2022
£
£
£
£
Fixed assets
41,953
44,425
--------
--------
Current assets
251,320
297,591
Prepayments and accrued income
3,665
3,453
---------
---------
254,985
301,044
Creditors: amounts falling due within one year
1,225
1,912
---------
---------
Net current assets
253,760
299,132
---------
---------
Total assets less current liabilities
295,713
343,557
Accruals and deferred income
3,228
3,202
---------
---------
292,485
340,355
---------
---------
Capital and reserves
292,485
340,355
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Director's advances, credits and guarantees
During the year the following transactions took place:
2023 2022
£ £
Advances 73,048 43,141
Repayments 48,612 50,492
Amount owed to the company 176,920 152,484
All advances are repayable on demand and incur interest at HMRC's official rate for interest on overdrawn balances exceeding £10,000.
3. Other financial commitments
The total amount of financial commitments not included in the statement of financial position is £ 7,139 (2022: £ 12,494 ). There were no contingencies or guarantees.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 20 March 2024 , and are signed on behalf of the board by:
Mr D E Willis
Director
Company registration number: 02374361
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Old Piggery, Sheepshead Lane, Harston, Cambridge, Cambridgeshire, CB22 7QA.