Company Registration No. 09945801 (England and Wales)
Active Needle Technology Ltd
Unaudited accounts
for the year ended 31 March 2025
Active Needle Technology Ltd
Unaudited accounts
Contents
Active Needle Technology Ltd
Company Information
for the year ended 31 March 2025
Directors
Ian Quirk
Muhammad Sadiq
Company Number
09945801 (England and Wales)
Registered Office
D5 CULHAM SCIENCE CENTRE
ABINGDON ROAD
ABINGDON
OX14 3DB
ENGLAND
Accountants
Swash & Co
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF
Active Needle Technology Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
30,715
26,178
Cash at bank and in hand
168,704
9,356
Creditors: amounts falling due within one year
(80,020)
(108,833)
Net current assets
248,668
114,099
Net assets
280,058
141,175
Called up share capital
309
276
Share premium
2,736,246
2,388,372
Profit and loss account
(2,456,497)
(2,247,473)
Shareholders' funds
280,058
141,175
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by
Ian Quirk
Director
Company Registration No. 09945801
Active Needle Technology Ltd
Notes to the Accounts
for the year ended 31 March 2025
Active Needle Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 09945801. The registered office is D5 CULHAM SCIENCE CENTRE, ABINGDON ROAD, ABINGDON, OX14 3DB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets on a straight line basis over their estimated useful lives:
Intangible fixed assets are included at cost less accumulated amortisation and amortised on a straight line basis over the expected useful life as follows:
Patents 20 years
Other intangible assets 3-6 years
In prior years, some patent related costs were expensed to the profit and loss account as the outcome of the patent application was uncertain. Only patents granted in the current year are capitalised.
Active Needle Technology Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 4 (2024: 4).