Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01falseDouble glaze912truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02281833 2023-10-01 2024-09-30 02281833 2022-10-01 2023-09-30 02281833 2024-09-30 02281833 2023-09-30 02281833 c:CompanySecretary1 2023-10-01 2024-09-30 02281833 c:Director2 2023-10-01 2024-09-30 02281833 c:RegisteredOffice 2023-10-01 2024-09-30 02281833 d:PlantMachinery 2023-10-01 2024-09-30 02281833 d:PlantMachinery 2024-09-30 02281833 d:PlantMachinery 2023-09-30 02281833 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02281833 d:MotorVehicles 2023-10-01 2024-09-30 02281833 d:MotorVehicles 2024-09-30 02281833 d:MotorVehicles 2023-09-30 02281833 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02281833 d:FurnitureFittings 2023-10-01 2024-09-30 02281833 d:FurnitureFittings 2024-09-30 02281833 d:FurnitureFittings 2023-09-30 02281833 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02281833 d:OfficeEquipment 2023-10-01 2024-09-30 02281833 d:OfficeEquipment 2024-09-30 02281833 d:OfficeEquipment 2023-09-30 02281833 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02281833 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02281833 d:CurrentFinancialInstruments 2024-09-30 02281833 d:CurrentFinancialInstruments 2023-09-30 02281833 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02281833 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02281833 d:ShareCapital 2024-09-30 02281833 d:ShareCapital 2023-09-30 02281833 d:SharePremium 2024-09-30 02281833 d:SharePremium 2023-09-30 02281833 d:CapitalRedemptionReserve 2024-09-30 02281833 d:CapitalRedemptionReserve 2023-09-30 02281833 d:RetainedEarningsAccumulatedLosses 2024-09-30 02281833 d:RetainedEarningsAccumulatedLosses 2023-09-30 02281833 c:FRS102 2023-10-01 2024-09-30 02281833 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02281833 c:FullAccounts 2023-10-01 2024-09-30 02281833 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02281833 2 2023-10-01 2024-09-30 02281833 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 02281833









APTITECH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
APTITECH LIMITED
 
 
COMPANY INFORMATION


Director
Mr M C Fletcher 




Company secretary
Mr Z Raniwala



Registered number
02281833



Registered office
Unit 8
Denbeigh Hall Ind Estate

Bletchley

Milton Keynes

MK3 7QT





 
APTITECH LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
APTITECH LIMITED
REGISTERED NUMBER: 02281833

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
61,897
30,874

  
61,897
30,874

Current assets
  

Stocks
  
32,119
40,443

Debtors: amounts falling due within one year
 5 
429,114
391,563

Cash at bank and in hand
 6 
165,578
221,056

  
626,811
653,062

Creditors: amounts falling due within one year
 7 
(482,386)
(508,858)

Net current assets
  
 
 
144,425
 
 
144,204

Total assets less current liabilities
  
206,322
175,078

  

Net assets
  
206,322
175,078


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Share premium account
  
71,667
71,667

Capital redemption reserve
  
3,333
3,333

Profit and loss account
  
121,322
90,078

  
206,322
175,078


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 
Page 1

 
APTITECH LIMITED
REGISTERED NUMBER: 02281833
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024





Mr M C Fletcher
Director

Date: 14 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
APTITECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Aptitech Limited ("the company") is a private company limited by shares, and is registered, domiciled and incorporated in England and Wales. The registered office and principal place of business is provided on the company information page.
The principal activity of the company is to replace double glaze doors and windows.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
APTITECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
APTITECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
APTITECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 12).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
84,389
242,570
21,100
20,896
368,955


Additions
472
53,347
-
349
54,168


Disposals
-
(91,871)
-
-
(91,871)



At 30 September 2024

84,861
204,046
21,100
21,245
331,252



Depreciation


At 1 October 2023
84,389
212,358
21,100
20,234
338,081


Charge for the year on owned assets
118
20,262
-
253
20,633


Disposals
-
(89,359)
-
-
(89,359)



At 30 September 2024

84,507
143,261
21,100
20,487
269,355



Net book value



At 30 September 2024
354
60,785
-
758
61,897



At 30 September 2023
-
30,212
-
662
30,874


5.


Debtors

2024
2023
£
£


Trade debtors
26,591
9,752
Page 6

 
APTITECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.Debtors (continued)


Amounts owed by group undertakings
355,772
345,772

Other debtors
-
550

Prepayments and accrued income
46,751
35,489

429,114
391,563



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
165,578
221,056

165,578
221,056



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
157,251
153,081

Trade creditors
144,106
142,073

Corporation tax
80,183
103,870

Other taxation and social security
86,587
77,026

Other creditors
9,259
3,858

Accruals and deferred income
5,000
28,950

482,386
508,858



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £24,807 (2023 - £24,344)  Contributions totalling £2,605 (2023 - £3,376) were payable to the fund at the balance sheet date and are included in creditors.


9.


Controlling party

The company is wholly owned by Custom Galze (MK) Limited,  domiciled in England. The registered office address is Unit 8 Denbeigh Hall Ind Estate, Bletchley, Milton Keynes, MK3 7QT, United Kingdom.

 
Page 7