Company Registration No. 09945801 (England and Wales)
Active Needle Technology Ltd
Unaudited accounts
for the year ended 31 March 2021
Active Needle Technology Ltd
Unaudited accounts
Contents
Active Needle Technology Ltd
Company Information
for the year ended 31 March 2021
Directors
Ian Quirk
Michael Irvine
Alistair Williams
William Allan
Company Number
09945801 (England and Wales)
Registered Office
D5 CULHAM SCIENCE CENTRE
ABINGDON ROAD
ABINGDON
OX14 3DB
ENGLAND
Accountants
Swash & Co
22 Post Office Lane
Wantage
Oxfordshire
OX12 8DR
Active Needle Technology Ltd
Statement of financial position
as at
31 March 2021
Intangible assets
16,745
15,000
Tangible assets
414
3,353
Cash at bank and in hand
123,720
67,322
Creditors: amounts falling due within one year
(41,971)
(40,122)
Net current assets
205,688
258,866
Net assets
222,847
277,219
Called up share capital
240
222
Share premium
1,636,352
1,320,138
Profit and loss account
(1,413,745)
(1,043,141)
Shareholders' funds
222,847
277,219
For the year ending 31 March 2021 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 5 May 2021 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 2021
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.
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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 (including purchased goodwill and patents) are included at cost less accumulated amortisation and amortised on a straight line basis over the expected useful life of 3-6 years.
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Intangible fixed assets
Total
Charge for the year
8,372
Active Needle Technology Ltd
Notes to the Accounts
for the year ended 31 March 2021
5
Tangible fixed assets
Total
Charge for the year
2,939
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Average number of employees
During the year the average number of employees was 2 (2020: 2).