Company Registration No. 06425174 (England and Wales)
Aseptika Limited
Unaudited accounts
for the year ended 31 March 2018
Aseptika Limited
Statement of financial position
as at 31 March 2018
Tangible assets
19,455
5,717
Cash at bank and in hand
44,284
100,852
Creditors: amounts falling due within one year
(323,375)
(261,633)
Net current assets
83,430
34,106
Called up share capital
110
110
Profit and loss account
102,775
39,713
Shareholders' funds
102,885
39,823
For the year ending 31 March 2018 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 director acknowledges his 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 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.
Approved by the Board on 2 August 2018.
Mr K Auton
Director
Company Registration No. 06425174
Aseptika Limited
Notes to the Accounts
for the year ended 31 March 2018
Aseptika Limited is a private company, limited by shares, registered in England and Wales, registration number 06425174. The registered office is 14 Elizabeth Drive, Hartford, Huntingdon, Cambridgeshire, PE29 1WA.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 over their estimated useful lives:
Plant & machinery
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Aseptika Limited
Notes to the Accounts
for the year ended 31 March 2018
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Tangible fixed assets
Plant & machinery
Finished goods
44,114
27,690
Trade debtors
237,055
13,442
Other debtors
81,352
153,755
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
23
Trade creditors
46,306
21,441
Taxes and social security
60,665
48,908
Other creditors
216,404
191,261
8
Average number of employees
During the year the average number of employees was 6 (2017: 4).
