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REGISTERED NUMBER: 07434621 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

APTCORE LIMITED

APTCORE LIMITED (REGISTERED NUMBER: 07434621)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APTCORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J L Hutchinson
T Styles
T Bainbridge





REGISTERED OFFICE: Engine Shed Clock Tower Yard
Temple Meads
Bristol
BS1 6QH





REGISTERED NUMBER: 07434621 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

APTCORE LIMITED (REGISTERED NUMBER: 07434621)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 18,751 16,988
Tangible assets 5 78 116
18,829 17,104

CURRENT ASSETS
Debtors 6 47,594 82,675
Cash at bank 26,226 4,275
73,820 86,950
CREDITORS
Amounts falling due within one year 7 46,891 57,908
NET CURRENT ASSETS 26,929 29,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,758

46,146

CREDITORS
Amounts falling due after more than one
year

8

9,578

20,073
NET ASSETS 36,180 26,073

CAPITAL AND RESERVES
Called up share capital 2,667 2,667
Share premium 1,854 1,854
Retained earnings 31,659 21,552
SHAREHOLDERS' FUNDS 36,180 26,073

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

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

APTCORE LIMITED (REGISTERED NUMBER: 07434621)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




J L Hutchinson - Director T Styles - Director




T Bainbridge - Director


APTCORE LIMITED (REGISTERED NUMBER: 07434621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

AptCore 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax in respect of consulting services and software development in relation to digital signal processing. The revenue is recognised at the time of service provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences
The amounts capitalised as patents and licences represents the costs associated with the register of trademarks and licences owned by the Company. Amortisation is being charged over the useful economic life of 10 years or 5% on cost each year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

APTCORE LIMITED (REGISTERED NUMBER: 07434621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023 31,031
Additions 5,135
At 31 October 2024 36,166
AMORTISATION
At 1 November 2023 14,043
Amortisation for year 3,372
At 31 October 2024 17,415
NET BOOK VALUE
At 31 October 2024 18,751
At 31 October 2023 16,988

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 1,382
DEPRECIATION
At 1 November 2023 1,266
Charge for year 38
At 31 October 2024 1,304
NET BOOK VALUE
At 31 October 2024 78
At 31 October 2023 116

APTCORE LIMITED (REGISTERED NUMBER: 07434621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,734 78,026
Other debtors 17,860 4,649
47,594 82,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,268 9,768
Trade creditors 26,989 33,243
Social security and other taxes 1,705 (445 )
VAT 1,877 13,420
Wages control 3,697 (58 )
Accrued expenses 2,355 1,980
46,891 57,908

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - over 1 year 9,578 20,073