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Company Registration No. 12632483 (England and Wales)
Advantage Independent Social Work Ltd Unaudited accounts for the year ended 31 May 2022
Advantage Independent Social Work Ltd Unaudited accounts Contents
Page
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Advantage Independent Social Work Ltd Company Information for the year ended 31 May 2022
Director
Sarah Vaughan
Company Number
12632483 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Advantage Independent Social Work Ltd Accountants' report
Accountants' report to the director of Advantage Independent Social Work Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Advantage Independent Social Work Ltd for the year ended 31 May 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Advantage Independent Social Work Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Advantage Independent Social Work Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advantage Independent Social Work Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Advantage Independent Social Work Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Advantage Independent Social Work Ltd. You consider that Advantage Independent Social Work Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Advantage Independent Social Work Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 5 August 2022
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Advantage Independent Social Work Ltd Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
413 
551 
Current assets
Debtors
1,125 
2,985 
Cash at bank and in hand
1,936 
40 
3,061 
3,025 
Creditors: amounts falling due within one year
(2,018)
(3,036)
Net current assets/(liabilities)
1,043 
(11)
Net assets
1,456 
540 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,455 
539 
Shareholders' funds
1,456 
540 
For the year ending 31 May 2022 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 her 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.
The financial statements were approved by the Board and authorised for issue on 5 August 2022 and were signed on its behalf by
Sarah Vaughan Director Company Registration No. 12632483
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Advantage Independent Social Work Ltd Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
Advantage Independent Social Work Ltd is a private company, limited by shares, registered in England and Wales, registration number 12632483. The registered office is 203 West Street, Fareham, PO16 0EN.
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 over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2021
624 
At 31 May 2022
624 
Depreciation
At 1 June 2021
73 
Charge for the year
138 
At 31 May 2022
211 
Net book value
At 31 May 2022
413 
At 31 May 2021
551 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
1,125 
2,985 
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Advantage Independent Social Work Ltd Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
244 
- 
Loans from directors
1,178 
2,331 
Accruals
596 
705 
2,018 
3,036 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sarah Vaughan
Director Loan Account
(2,331)
(2,552)
(3,705)
(1,178)
(2,331)
(2,552)
(3,705)
(1,178)
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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