Registered number
03488391
Aptiflow Limited
Filleted Accounts
31 March 2024
Aptiflow Limited
Registered number: 03488391
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,058 422
Current assets
Debtors 4 21,240 12,115
Cash at bank and in hand 34,606 25,462
55,846 37,577
Creditors: amounts falling due within one year 5 (14,166) (8,700)
Net current assets 41,680 28,877
Net assets 43,738 29,299
Capital and reserves
Called up share capital 1 1
Profit and loss account 43,737 29,298
Shareholder's funds 43,738 29,299
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kenneth Blake McGouran
Director
Approved by the board on 31 October 2024
Aptiflow Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,367
Additions 2,151
At 31 March 2024 7,518
Depreciation
At 1 April 2023 4,945
Charge for the year 515
At 31 March 2024 5,460
Net book value
At 31 March 2024 2,058
At 31 March 2023 422
4 Debtors 2024 2023
£ £
Trade debtors 21,149 12,024
Other debtors 91 91
21,240 12,115
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 548 1,225
Taxation and social security costs 13,019 7,341
Other creditors 599 134
14,166 8,700
6 Controlling party
The ultimate controlling party is Kenneth McGouran, who owns 100% of the company's share capital.
7 Other information
Aptiflow Limited is a private company limited by shares and incorporated in England. Its registered office is:
198 Verity Crescent
Poole
BH17 8TL
Aptiflow Limited 03488391 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Kenneth Blake McGouran No description of principal activity 03488391 2022-04-01 2023-03-31 03488391 core:WithinOneYear 2023-03-31 03488391 core:ShareCapital 2023-03-31 03488391 core:RetainedEarningsAccumulatedLosses 2023-03-31 03488391 2023-04-01 2024-03-31 03488391 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03488391 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03488391 bus:Director40 2023-04-01 2024-03-31 03488391 1 2023-04-01 2024-03-31 03488391 2 2023-04-01 2024-03-31 03488391 core:PlantMachinery 2023-04-01 2024-03-31 03488391 countries:England 2023-04-01 2024-03-31 03488391 bus:FRS102 2023-04-01 2024-03-31 03488391 bus:FilletedAccounts 2023-04-01 2024-03-31 03488391 2024-03-31 03488391 core:WithinOneYear 2024-03-31 03488391 core:ShareCapital 2024-03-31 03488391 core:RetainedEarningsAccumulatedLosses 2024-03-31 03488391 core:PlantMachinery 2024-03-31 03488391 2023-03-31 03488391 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure