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REGISTERED NUMBER: 04678329









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ADVANTAY LTD

ADVANTAY LTD (REGISTERED NUMBER: 04678329)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANTAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M G Dereve
Mr M C France-Durrant





SECRETARY: M G Dereve





REGISTERED OFFICE: Vantage House
Woodhall Business Park
SUDBURY
Suffolk
CO10 1WH





REGISTERED NUMBER: 04678329





ACCOUNTANTS: B W Whiffin & Co Ltd
PO Box 13010
Halstead
Essex
CO9 9BP

ADVANTAY LTD (REGISTERED NUMBER: 04678329)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,509 6,706

CURRENT ASSETS
Stocks 615,276 601,656
Debtors 5 216,217 226,702
Cash at bank 205,628 129,039
1,037,121 957,397
CREDITORS
Amounts falling due within one year 6 434,460 372,031
NET CURRENT ASSETS 602,661 585,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,170

592,072

PROVISIONS FOR LIABILITIES 4,087 1,274
NET ASSETS 620,083 590,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 619,983 590,698
SHAREHOLDERS' FUNDS 620,083 590,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADVANTAY LTD (REGISTERED NUMBER: 04678329)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





M G Dereve - Director


ADVANTAY LTD (REGISTERED NUMBER: 04678329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Advantay Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 56,387
Additions 21,794
At 31 March 2023 78,181
DEPRECIATION
At 1 April 2022 49,681
Charge for year 6,991
At 31 March 2023 56,672
NET BOOK VALUE
At 31 March 2023 21,509
At 31 March 2022 6,706

ADVANTAY LTD (REGISTERED NUMBER: 04678329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 215,789 223,792
Other debtors 428 2,910
216,217 226,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 354,775 246,436
Taxation and social security 78,635 124,545
Other creditors 1,050 1,050
434,460 372,031

7. RESERVES
Retained
earnings
£   

At 1 April 2022 590,698
Profit for the year 118,785
Dividends (89,500 )
At 31 March 2023 619,983