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REGISTERED NUMBER: 09526512 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ANB SENSORS LTD

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANB SENSORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N S Lawrence
S A Gahlings
K McGuinness
I McGuinness
V G Nallaratnam
M G M Baunach
G E Cruger





REGISTERED OFFICE: Building 6
Old Farm Business Centre
Church Road
Toft
Cambridgeshire
CB23 2RF





REGISTERED NUMBER: 09526512 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,510 8,831

CURRENT ASSETS
Stocks 112,319 58,097
Debtors 6 194,485 285,028
Cash at bank and in hand 139,686 273,279
446,490 616,404
CREDITORS
Amounts falling due within one year 7 (147,089 ) (93,647 )
NET CURRENT ASSETS 299,401 522,757
TOTAL ASSETS LESS CURRENT LIABILITIES 300,911 531,588

CREDITORS
Amounts falling due after more than one
year

8

(297,007

)

(52,546

)
NET ASSETS 3,904 479,042

CAPITAL AND RESERVES
Called up share capital 10 2,505 2,412
Share premium 2,173,466 1,948,688
Fair value reserve 11 16,405 -
Retained earnings (2,188,472 ) (1,472,058 )
SHAREHOLDERS' FUNDS 3,904 479,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




N S Lawrence - Director



K McGuinness - Director


ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

ANB Sensors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 represents sales excluding VAT in respect of calibration-free pH measuring technologies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Items which would otherwise meet the definition of a fixed asset under the value of £2,000 are expensed through the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Grant funding
Grant funding is recognised under the accruals method.

- Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the the related costs for which the grant is intended to compensate.

- A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs shall be recognised in income in the period in which it becomes receivable.

- Grants relating to assets shall be recognised in income on a systematic basis over the expected useful life of the asset.

- Where part of a grant relating to an asset is deferred it shall be recognised as deferred income and not deducted from the carrying amount of the asset.

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Share-based payments
Equity-settled share-based payments:

Equity-settled share-based payments, such as share options granted under the Company's Enterprise Management Incentive (EMI) scheme, are measured at the fair value of the equity instruments at the grant date.

The fair value determined at the grant date of the share scheme is charged to the profit and loss account over the vesting period, with a corresponding increase in equity. The amount recognised as an expense is adjusted to reflect the number of share options that are expected to vest based on the non-market vesting conditions.

Vesting conditions:

Vesting conditions, other than market conditions, are not considered when estimating the fair value of the shares or options at the grant date. Instead, these conditions are taken into account by adjusting the number of equity instruments expected to vest.

Modification and cancellation:

If the terms of an equity-settled share-based payment are modified, the minimum expense recognised is the original fair value of the grant unless the modification increases the total fair value of the share-based payment, in which case the increase is recognised over the remaining vesting period.

If an equity-settled award is cancelled, it is treated as an acceleration of vesting, and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Other awards:

Where equity instruments are granted to persons other than employees, the award is charged to the profit and loss and is based upon the fair value of the goods and services received.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 17,786
Disposals (9,169 )
At 30 April 2024 8,617
DEPRECIATION
At 1 May 2023 8,955
Charge for year 2,737
Eliminated on disposal (4,585 )
At 30 April 2024 7,107
NET BOOK VALUE
At 30 April 2024 1,510
At 30 April 2023 8,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,577 40,943
Other debtors 140,908 244,085
194,485 285,028

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,443 35,230
Taxation and social security 14,497 15,174
Other creditors 116,149 43,243
147,089 93,647

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 291,662 52,546
Other creditors 5,345 -
297,007 52,546

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 72,000 72,000
Between one and five years 180,000 252,000
252,000 324,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
216,477 Ordinary 0.01 2,505 2,412

11. RESERVES
Fair
value
reserve
£   
No description 16,405

At 30 April 2024 16,405

12. DEFERRED TAX

A deferred tax asset has not been recognised with regard to trading losses on the basis that its recovery is not certain.

13. RESEARCH AND DEVELOPMENT WITHHOLDING TAX DEBTOR

Included within other debtors is £29,780 (2023: £29,780) which can be utilised against future tax liabilities. The amount is not repayable.

ANB SENSORS LTD (REGISTERED NUMBER: 09526512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

14. SHARE-BASED PAYMENTS

The company issued share options to employees on 1st March 2023. The movements are as follows:




Weighted
average
exercise price
(pence 2023



)

Number of
shares under
option 2023
Weighted
average
exercise price
(pence 2022



)

Number of
shares under
option 2022
Outstanding at beginning of the year 1145 3616 1145 3616
Granted during the year
Expired during the year
Cancelled during the year 180
Outstanding at the end of the year 3436 3616

The total expense recognised in the profit and loss account for the year, in relation to share-based payments amounted to £18,673 (2023: £nil). This expense reflects the cost of share-based payment transactions, including any associated charges for equity-settled arrangements.

At the balance sheet date, the fair value reserve carried forward in the balance sheet stands at £16,405 (2023: £nil). This reserve represents the cumulative fair value of share-based payment transactions that have been recognised in equity, reflecting the unexercised share options as of the reporting date.