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REGISTERED NUMBER: 08948842 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Aptitude Advisors Limited

Aptitude Advisors Limited (Registered number: 08948842)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Aptitude Advisors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M S Butterworth
S I Jaffrey





REGISTERED OFFICE: 8 Kinnerton Place South
London
SW1X 8EH





REGISTERED NUMBER: 08948842 (England and Wales)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP

Aptitude Advisors Limited (Registered number: 08948842)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,321 65,468
Investments 5 12,818 2,818
17,139 68,286

CURRENT ASSETS
Debtors 6 936,062 1,283,991
Cash at bank 912,338 927,391
1,848,400 2,211,382
CREDITORS
Amounts falling due within one year 7 563,275 667,652
NET CURRENT ASSETS 1,285,125 1,543,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,302,264

1,612,016

CREDITORS
Amounts falling due after more than one
year

8

-

40,231
NET ASSETS 1,302,264 1,571,785

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,302,164 1,571,685
1,302,264 1,571,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Aptitude Advisors Limited (Registered number: 08948842)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





M S Butterworth - Director


Aptitude Advisors Limited (Registered number: 08948842)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aptitude Advisors Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

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 and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

Aptitude Advisors Limited (Registered number: 08948842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 102,773
Additions 2,457
Disposals (70,107 )
At 31 March 2024 35,123
DEPRECIATION
At 1 April 2023 37,305
Charge for year 7,518
Eliminated on disposal (14,021 )
At 31 March 2024 30,802
NET BOOK VALUE
At 31 March 2024 4,321
At 31 March 2023 65,468

5. FIXED ASSET INVESTMENTS

In the prior year, an unlisted investment had been written down to nil on the assumption that nothing would be recoverable. The write down of this investment was included in the prior year's profit and loss as 'Amounts written off investments'. Post 31 March 2024, £10,000 has since been received in respect of the liquidation of this investment, so £10,000 has been written back in value.

Remaining investments represent shares in subsidiaries.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 462,865 1,044,531
Amounts owed by group undertakings 135,433 223,460
Other debtors 337,764 16,000
936,062 1,283,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 7,536
Trade creditors 53,445 193,016
Taxation and social security 169,528 197,067
Other creditors 340,302 270,033
563,275 667,652

Aptitude Advisors Limited (Registered number: 08948842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 40,231

9. RELATED PARTY DISCLOSURES

Included in Debtors are the following amounts due from related parties.

During previous years, the company had provided loans to a wholly owned Spanish subsidiary, which are outstanding. Interest is charged on the loan at a rate of 2% per annum. The Spanish subsidiary also provided resource services to the company during the year. The combined balance due from the Spanish subsidiary at the balance sheet date is £132,003 (31 March 2023 - £86,375).

During the year, the company made a loan of £3,430 to a company, based in Portugal, and owned by a director of Aptitude Advisors Limited. The £3,430 remains outstanding at the balance sheet date.

In previous years, the company has provided resource services to a wholly owned UK subsidiary. The amount due to this UK subsidiary at the balance sheet date is £nil (31 March 2023 - £100).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Aptitude Advisors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aptitude Advisors Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Aptitude Advisors Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Aptitude Advisors Limited and state those matters that we have agreed to state to the Board of Directors of Aptitude Advisors Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aptitude Advisors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aptitude Advisors Limited. You consider that Aptitude Advisors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aptitude Advisors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP


2 October 2024