Registered number
04595122
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED
Filleted Accounts
30 November 2021
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED
Registered number: 04595122
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 3,036,207 3,063,291
Current assets
Cash at bank and in hand 318,151 233,033
Creditors: amounts falling due within one year 4 (589,847) (426,452)
Net current liabilities (271,696) (193,419)
Total assets less current liabilities 2,764,511 2,869,872
Creditors: amounts falling due after more than one year 5 (2,480,518) (2,544,990)
Net assets 283,993 324,882
Capital and reserves
Called up share capital 402,003 402,003
Profit and loss account (118,010) (77,121)
Shareholders' funds 283,993 324,882
The director is 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 director acknowledges his 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.
S Jahani
Director
Approved by the board on 3 August 2022
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 30 November 2021
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.
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:
Freehold buildings 1% on original cost
Plant and machinery 15% reducing balance
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2020 3,196,361 166,960 3,363,321
Additions - 14,125 14,125
At 30 November 2021 3,196,361 181,085 3,377,446
Depreciation
At 1 December 2020 183,807 116,223 300,030
Charge for the year 31,480 9,729 41,209
At 30 November 2021 215,287 125,952 341,239
Net book value
At 30 November 2021 2,981,074 55,133 3,036,207
At 30 November 2020 3,012,554 50,737 3,063,291
4 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 45,000 50,000
Trade creditors 115,338 111,930
Other creditors 429,509 264,522
589,847 426,452
5 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 2,475,268 2,539,740
Other creditors 5,250 5,250
2,480,518 2,544,990
6 Other information
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Park Royal Metro Centre
Britannia Way
London
NW10 7PA
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