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Registered number: 02486740
Advanced Power Technology Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr John Thompson
Mr Paul Rishworth
Mr John Thompson
Mr Samuel Pyott
Secretary Mr Paul Rishworth
Company Number 02486740
Registered Office 150 Main Street
Addingham
Ilkley
West Yorkshire
LS29 0LY
Page 1
Page 2
Statement of Financial Position
Registered number: 02486740
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,826 81,013
67,826 81,013
CURRENT ASSETS
Stocks 14,664 23,337
Debtors 5 2,221,449 1,518,300
Cash at bank and in hand 872,608 871,939
3,108,721 2,413,576
Creditors: Amounts Falling Due Within One Year 6 (1,714,463 ) (1,023,227 )
NET CURRENT ASSETS (LIABILITIES) 1,394,258 1,390,349
TOTAL ASSETS LESS CURRENT LIABILITIES 1,462,084 1,471,362
Creditors: Amounts Falling Due After More Than One Year 7 (34,518 ) (41,966 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,030 ) (19,958 )
NET ASSETS 1,414,536 1,409,438
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 1,414,436 1,409,338
SHAREHOLDERS' FUNDS 1,414,536 1,409,438
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Page 3
For the year ending 30 April 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Paul Rishworth
Director
17 August 2026
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Advanced Power Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02486740 . The registered office is 150 Main Street, Addingham, Ilkley, West Yorkshire, LS29 0LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on Cost and 25% on Reducing balance
Fixtures & Fittings 25% on Reducing balance
Computer Equipment 33% on Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grant income of £3,000 was received in February 2021 specifically for the purchase of a motor vehicle. This grant income was shown in other creditors and has been fully released to the income statement over a period of 4 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 7)
6 7
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2025 163,268 8,412 171,680
Disposals (25,645 ) (2,996 ) (28,641 )
As at 30 April 2026 137,623 5,416 143,039
Depreciation
As at 1 May 2025 86,369 4,298 90,667
Provided during the period 11,116 2,071 13,187
Disposals (25,645 ) (2,996 ) (28,641 )
As at 30 April 2026 71,840 3,373 75,213
Net Book Value
As at 30 April 2026 65,783 2,043 67,826
As at 1 May 2025 76,899 4,114 81,013
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 1,211,045 474,434
Other debtors 33,924 68,939
1,244,969 543,373
Due after more than one year
Amounts owed by group undertakings 976,480 974,927
2,221,449 1,518,300
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Page 6
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 7,448 7,448
Trade creditors 673,269 377,639
Bank loans and overdrafts - 39,215
Other creditors 876,276 518,301
Taxation and social security 157,470 80,624
1,714,463 1,023,227
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 34,518 41,966
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,448 7,448
Later than one year and not later than five years 34,518 41,966
41,966 49,414
41,966 49,414
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2026 2025
£ £
Not later than one year 10,083 10,083
10,083 10,083
11. Related Party Transactions
At the year end debtors include a balance due from
Bene DC Ltd of £733,734 (2025: £734,927).
IT Thermal Managment Ltd of £242,746 (2025: £240,000 ).
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12. Ultimate Controlling Party
The company's ultimate controlling party is IT Thermal Management Ltd .
The parent company's principal place of business and registered office is 150 Main Street, Addingham, Ilkley, LS29 OLY.
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