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REGISTERED NUMBER: 09849789 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ADVANCED EPI MATERIALS AND DEVICES LTD

ADVANCED EPI MATERIALS AND DEVICES LTD (REGISTERED NUMBER: 09849789)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED EPI MATERIALS AND DEVICES LTD

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Dr G Colston
Ms T Vakulenko



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 09849789 (England and Wales)



BANKERS: Barclays Bank PLC
Coventry 2
Leicestershire
LE87 2BB

ADVANCED EPI MATERIALS AND DEVICES LTD (REGISTERED NUMBER: 09849789)

ABRIDGED BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 75 75
Tangible assets 5 18,825 7,666
18,900 7,741

CURRENT ASSETS
Debtors 42,189 13,180
Cash at bank 20,901 19,462
63,090 32,642
CREDITORS
Amounts falling due within one year 44,103 32,971
NET CURRENT ASSETS/(LIABILITIES) 18,987 (329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,887

7,412

CAPITAL AND RESERVES
Called up share capital 6 115 115
Share premium 14,975 14,975
Retained earnings 22,797 (7,678 )
SHAREHOLDERS' FUNDS 37,887 7,412

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.

ADVANCED EPI MATERIALS AND DEVICES LTD (REGISTERED NUMBER: 09849789)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 May 2025 and were signed on its behalf by:





Dr G Colston - Director


ADVANCED EPI MATERIALS AND DEVICES LTD (REGISTERED NUMBER: 09849789)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Advanced Epi Materials And Devices Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

At the balance sheet date the company had net current assets of £18,987 (2023 - net current liabilities of £329) and net assets of £37,887 (2023 - £7,412). The directors have expressed their willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Laboratory equipment - 10% on cost, at varying rates on cost and Straight line over 4 years
Fixtures & fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years and 2 years straight line

Taxation
Taxation for the year comprises current and deferred 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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ADVANCED EPI MATERIALS AND DEVICES LTD (REGISTERED NUMBER: 09849789)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 75
NET BOOK VALUE

At 31 October 2024 75
At 31 October 2023 75

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 83,445
Additions 19,779
Disposals (3,510 )
At 31 October 2024 99,714
DEPRECIATION
At 1 November 2023 75,779
Charge for year 8,620
Eliminated on disposal (3,510 )
At 31 October 2024 80,889
NET BOOK VALUE
At 31 October 2024 18,825
At 31 October 2023 7,666

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,500 Ordinary 1p 115 115

7. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.