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
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
APPLIED ENGINE TECHNOLOGY LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
4,300
4,750
Tangible assets
1,592
1,615
Cash at bank and in hand
2,240
6,244
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)
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
APPLIED ENGINE TECHNOLOGY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
At 31 March 2024
749
7,445
2,025
10,219
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
At 31 March 2024
391
-
1,201
1,592
At 31 March 2023
460
-
1,155
1,615
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,778
9,678
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).