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Company Registration No. 03654326 (England and Wales)
APPLIED ENGINE TECHNOLOGY LIMITED Unaudited accounts for the year ended 31 March 2024
APPLIED ENGINE TECHNOLOGY LIMITED Unaudited accounts Contents
Page
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APPLIED ENGINE TECHNOLOGY LIMITED Company Information for the year ended 31 March 2024
Directors
Jean-Pierre Pirault Dr Alireza Veshagh John Charles Jones
Company Number
03654326 (England and Wales)
Registered Office
30 LESSER FOXHOLES SHOREHAM BY SEA SUSSEX BN43 5NT
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APPLIED ENGINE TECHNOLOGY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,300 
4,750 
Tangible assets
1,592 
1,615 
5,892 
6,365 
Current assets
Debtors
203 
196 
Cash at bank and in hand
2,240 
6,244 
2,443 
6,440 
Creditors: amounts falling due within one year
(10,003)
(9,903)
Net current liabilities
(7,560)
(3,463)
Total assets less current liabilities
(1,668)
2,902 
Creditors: amounts falling due after more than one year
(14,075)
(13,148)
Net liabilities
(15,743)
(10,246)
Capital and reserves
Called up share capital
100 
100 
Share premium
26,750 
26,750 
Profit and loss account
(42,593)
(37,096)
Shareholders' funds
(15,743)
(10,246)
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 1 July 2024 and were signed on its behalf by
Dr Alireza Veshagh Director Company Registration No. 03654326
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APPLIED ENGINE TECHNOLOGY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
APPLIED ENGINE TECHNOLOGY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03654326. The registered office is 30 LESSER FOXHOLES, SHOREHAM BY SEA, SUSSEX, BN43 5NT.
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.
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
15% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
9,704 
At 31 March 2024
9,704 
Amortisation
At 1 April 2023
4,954 
Charge for the year
450 
At 31 March 2024
5,404 
Net book value
At 31 March 2024
4,300 
At 31 March 2023
4,750 
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APPLIED ENGINE TECHNOLOGY LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
749 
7,445 
1,797 
9,991 
Additions
- 
- 
228 
228 
At 31 March 2024
749 
7,445 
2,025 
10,219 
Depreciation
At 1 April 2023
289 
7,445 
642 
8,376 
Charge for the year
69 
- 
182 
251 
At 31 March 2024
358 
7,445 
824 
8,627 
Net book value
At 31 March 2024
391 
- 
1,201 
1,592 
At 31 March 2023
460 
- 
1,155 
1,615 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
203 
196 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,778 
9,678 
Accruals
225 
225 
10,003 
9,903 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
14,075 
13,148 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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