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Company Registration No. 09945801 (England and Wales)
Active Needle Technology Ltd Unaudited accounts for the year ended 31 March 2026
Active Needle Technology Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Active Needle Technology Ltd Company Information for the year ended 31 March 2026
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 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
37,813
30,715
Tangible assets
5
187
675
38,000
31,390
Current assets
Debtors
161,573
159,984
Cash at bank and in hand
34,247
168,704
195,820
328,688
Creditors: amounts falling due within one year
(84,178)
(80,020)
Net current assets
111,642
248,668
Net assets
149,642
280,058
Capital and reserves
Called up share capital
310
309
Share premium
2,753,518
2,736,246
Profit and loss account
(2,604,186)
(2,456,497)
Shareholders' funds
149,642
280,058
For the year ending 31 March 2026 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 18 July 2026 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 2026
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 2026
4
Intangible fixed assets
Total
£
Cost
At 1 April 2025
74,810
Additions
16,129
Disposals
(6,932)
At 31 March 2026
84,007
Amortisation
At 1 April 2025
44,095
On disposals
(346)
Charge for the year
2,445
At 31 March 2026
46,194
Net book value
At 31 March 2026
37,813
At 31 March 2025
30,715
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2025
17,132
At 31 March 2026
17,132
Depreciation
At 1 April 2025
16,457
Charge for the year
488
At 31 March 2026
16,945
Net book value
At 31 March 2026
187
At 31 March 2025
675
6
Average number of employees
During the year the average number of employees was 3 (2025: 4).
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