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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
Page
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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
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Active Needle Technology Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,715 
26,178 
Tangible assets
675 
898 
31,390 
27,076 
Current assets
Debtors
159,984 
213,576 
Cash at bank and in hand
168,704 
9,356 
328,688 
222,932 
Creditors: amounts falling due within one year
(80,020)
(108,833)
Net current assets
248,668 
114,099 
Net assets
280,058 
141,175 
Capital and reserves
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
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Active Needle Technology Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Intangible fixed assets
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.
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Active Needle Technology Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2024
66,601 
Additions
8,209 
At 31 March 2025
74,810 
Amortisation
At 1 April 2024
40,423 
Charge for the year
3,672 
At 31 March 2025
44,095 
Net book value
At 31 March 2025
30,715 
At 31 March 2024
26,178 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2024
17,058 
Additions
374 
Disposals
(300)
At 31 March 2025
17,132 
Depreciation
At 1 April 2024
16,160 
Charge for the year
597 
On disposals
(300)
At 31 March 2025
16,457 
Net book value
At 31 March 2025
675 
At 31 March 2024
898 
6
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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