Registered number
02454309
Applied Technology Developments Ltd
Filleted Accounts
31 January 2025
Applied Technology Developments Ltd
Registered number: 02454309
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,136 2,580
Current assets
Stocks 141,603 188,283
Debtors 4 153,958 104,220
Cash at bank and in hand 104,218 49,054
399,779 341,557
Creditors: amounts falling due within one year 5 (158,190) (83,928)
Net current assets 241,589 257,629
Total assets less current liabilities 243,725 260,209
Creditors: amounts falling due after more than one year 6 (19,516) (28,683)
Provisions for liabilities (534) (490)
Net assets 223,675 231,036
Capital and reserves
Called up share capital 21,419 21,419
Share premium 38,581 38,581
Profit and loss account 163,675 171,036
Shareholders' funds 223,675 231,036
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Langrick
Director
Approved by the board on 7 July 2025
Applied Technology Developments Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 33% on cost
Motor vehicles 33% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Short leasehold Plant and machinery etc Fixtures and fittings Total
£ £ £ £
Cost
At 1 February 2024 1,160 198,473 43,190 242,823
Additions - 624 - 624
At 31 January 2025 1,160 199,097 43,190 243,447
Depreciation
At 1 February 2024 1,160 195,893 43,190 240,243
Charge for the year - 1,068 - 1,068
At 31 January 2025 1,160 196,961 43,190 241,311
Net book value
At 31 January 2025 - 2,136 - 2,136
At 31 January 2024 - 2,580 - 2,580
4 Debtors 2025 2024
£ £
Trade debtors 152,038 102,300
Other debtors 1,920 1,920
153,958 104,220
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts - 1,011
Trade creditors 97,779 64,310
Director's loan 36,296 176
Taxation and social security costs 11,415 4,448
Other creditors 2,700 3,983
158,190 83,928
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 4,166 13,333
Other creditors 15,350 15,350
19,516 28,683
7 Related party transactions
Interest free loan from related party 36,296 176
Director's remuneration 31,680 31,680
Dividends paid to related party 12,423 62,115
8 Controlling party
The controlling party was Mr PS Reeve and Mr DJ Langrick.
9 Other information
Applied Technology Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Cottingham Way
Thrapston
Kettering
Northants
NN14 4PL
Applied Technology Developments Ltd 02454309 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2024 D J Langrick No description of principal activity 02454309 2023-02-01 2024-01-31 02454309 core:WithinOneYear 2024-01-31 02454309 core:AfterOneYear 2024-01-31 02454309 core:ShareCapital 2024-01-31 02454309 core:SharePremium 2024-01-31 02454309 core:RetainedEarningsAccumulatedLosses 2024-01-31 02454309 2024-02-01 2025-01-31 02454309 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02454309 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 02454309 bus:Director40 2024-02-01 2025-01-31 02454309 1 2024-02-01 2025-01-31 02454309 2 2024-02-01 2025-01-31 02454309 core:LandBuildings 2024-02-01 2025-01-31 02454309 core:PlantMachinery 2024-02-01 2025-01-31 02454309 core:Vehicles 2024-02-01 2025-01-31 02454309 countries:England 2024-02-01 2025-01-31 02454309 bus:FRS102 2024-02-01 2025-01-31 02454309 bus:FilletedAccounts 2024-02-01 2025-01-31 02454309 2025-01-31 02454309 core:WithinOneYear 2025-01-31 02454309 core:AfterOneYear 2025-01-31 02454309 core:ShareCapital 2025-01-31 02454309 core:SharePremium 2025-01-31 02454309 core:RetainedEarningsAccumulatedLosses 2025-01-31 02454309 core:LandBuildings 2025-01-31 02454309 core:PlantMachinery 2025-01-31 02454309 core:Vehicles 2025-01-31 02454309 2024-01-31 02454309 core:LandBuildings 2024-01-31 02454309 core:PlantMachinery 2024-01-31 02454309 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure