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No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
06817199
2023-05-01
2024-04-30
06817199
2024-04-30
06817199
2023-04-30
06817199
2022-05-01
2023-04-30
06817199
2023-04-30
06817199
2022-04-30
06817199
core:PlantMachinery
2023-05-01
2024-04-30
06817199
core:FurnitureFittings
2023-05-01
2024-04-30
06817199
bus:LeadAgentIfApplicable
2023-05-01
2024-04-30
06817199
bus:Director1
2023-05-01
2024-04-30
06817199
core:PlantMachinery
2023-04-30
06817199
core:FurnitureFittings
2023-04-30
06817199
core:MotorVehicles
2023-04-30
06817199
core:PlantMachinery
2024-04-30
06817199
core:FurnitureFittings
2024-04-30
06817199
core:MotorVehicles
2024-04-30
06817199
core:MotorVehicles
2023-05-01
2024-04-30
06817199
core:WithinOneYear
2024-04-30
06817199
core:WithinOneYear
2023-04-30
06817199
core:AfterOneYear
2024-04-30
06817199
core:AfterOneYear
2023-04-30
06817199
core:ShareCapital
2024-04-30
06817199
core:ShareCapital
2023-04-30
06817199
core:RetainedEarningsAccumulatedLosses
2024-04-30
06817199
core:RetainedEarningsAccumulatedLosses
2023-04-30
06817199
core:PlantMachinery
2023-04-30
06817199
core:MotorVehicles
2023-04-30
06817199
bus:SmallEntities
2023-05-01
2024-04-30
06817199
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
06817199
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
06817199
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
06817199
bus:FullAccounts
2023-05-01
2024-04-30
06817199
core:FurnitureFittingsToolsEquipment
2023-05-01
2024-04-30
06817199
core:FurnitureFittingsToolsEquipment
2023-04-30
06817199
core:FurnitureFittingsToolsEquipment
2024-04-30
COMPANY REGISTRATION NUMBER:
06817199
Filleted Unaudited Financial Statements |
|
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Aptiga Limited |
|
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aptiga Limited for the year ended 30 April 2024, which comprise the statement of financial position 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Aptiga Limited, as a body, in accordance with the terms of our engagement letter dated 20 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Aptiga Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aptiga Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Aptiga 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 loss of Aptiga Limited. You consider that Aptiga 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 Aptiga 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.
TURPIN BARKER ARMSTRONG
Chartered Certified Accountants
Allen House
1 Westmead Road
Sutton
Surrey
SM1 4LA
28 January 2025
Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
|
736,118 |
1,127,807 |
|
|
|
|
|
Current assets
Stocks |
– |
|
2,700 |
Debtors |
7 |
1,377,722 |
|
1,642,258 |
Cash at bank and in hand |
317,105 |
|
373,254 |
|
------------ |
|
------------ |
|
1,694,827 |
|
2,018,212 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
135,779 |
|
187,142 |
|
------------ |
|
------------ |
Net current assets |
|
1,559,048 |
1,831,070 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
2,295,166 |
2,958,877 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
|
90,393 |
208,739 |
|
|
------------ |
------------ |
Net assets |
|
2,204,773 |
2,750,138 |
|
|
------------ |
------------ |
|
|
|
|
|
Statement of Financial Position (continued) |
|
30 April 2024
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
2,204,673 |
2,750,038 |
|
|
------------ |
------------ |
Shareholders funds |
|
2,204,773 |
2,750,138 |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 January 2025
, and are signed on behalf of the board by:
Company registration number:
06817199
Notes to the Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 133 Stonecot Hill, Sutton, Surrey, SM3 9HS, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% straight line |
|
Fixtures & Fittings |
- |
25% straight line |
|
Motor Vehicles |
- |
0-20% Straight line |
|
Equipment |
- |
25% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
13
).
5.
Tangible assets
|
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
|
At 1 May 2023 |
39,961 |
37,197 |
1,333,418 |
78,598 |
1,489,174 |
Additions |
– |
– |
359,470 |
1,333 |
360,803 |
Disposals |
– |
– |
(
616,942) |
– |
(
616,942) |
|
-------- |
-------- |
------------ |
-------- |
------------ |
At 30 April 2024 |
39,961 |
37,197 |
1,075,946 |
79,931 |
1,233,035 |
|
-------- |
-------- |
------------ |
-------- |
------------ |
Depreciation |
|
|
|
|
|
At 1 May 2023 |
31,085 |
37,197 |
224,030 |
69,055 |
361,367 |
Charge for the year |
4,438 |
– |
169,488 |
4,286 |
178,212 |
Disposals |
– |
– |
(
42,662) |
– |
(
42,662) |
|
-------- |
-------- |
------------ |
-------- |
------------ |
At 30 April 2024 |
35,523 |
37,197 |
350,856 |
73,341 |
496,917 |
|
-------- |
-------- |
------------ |
-------- |
------------ |
Carrying amount |
|
|
|
|
|
At 30 April 2024 |
4,438 |
– |
725,090 |
6,590 |
736,118 |
|
-------- |
-------- |
------------ |
-------- |
------------ |
At 30 April 2023 |
8,876 |
– |
1,109,388 |
9,543 |
1,127,807 |
|
-------- |
-------- |
------------ |
-------- |
------------ |
|
|
|
|
|
|
6.
Finance lease agreements
Included within the net book value of £736,118 is £188,177 (2023 - £315,684) relating to assets held under finance lease agreements.
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
10,050 |
8,846 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
225,455 |
950,000 |
Other debtors |
1,142,217 |
683,412 |
|
------------ |
------------ |
|
1,377,722 |
1,642,258 |
|
------------ |
------------ |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
911 |
48,527 |
Social security and other taxes |
270 |
278 |
Other creditors |
134,598 |
138,337 |
|
--------- |
--------- |
|
135,779 |
187,142 |
|
--------- |
--------- |
|
|
|
The bank overdraft is not secured.
9.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
90,393 |
208,739 |
|
-------- |
--------- |
|
|
|
10.
Directors' advances, credits and guarantees
At no point during the year did advances/credits to the Director's Loan Account result in an overdrawn position.