09609793falsethat of builders2022-06-012023-05-31http://www.companieshouse.gov.uk/2022-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-05-31http://www.companieshouse.gov.uk/cd:Director12022-06-012023-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-06-012023-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-06-012023-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-06-012023-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-05-31http://www.companieshouse.gov.uk/2022-06-012023-05-31http://www.companieshouse.gov.uk/2022-05-31http://www.companieshouse.gov.uk/cd:FRS1022022-06-012023-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-06-012023-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-06-012023-05-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09609793

ADVANTAGE DESIGN AND BUILD LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023

Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

ADVANTAGE DESIGN AND BUILD LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
DIRECTORS
DAVID WILLIAMS
REGISTERED OFFICE
7 Milbanke Court
Milbanke way
Bracknell
Berkshire
RG12 1RP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09609793
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

ADVANTAGE DESIGN AND BUILD LIMITED

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Tangible assets245,22856,349
CURRENT ASSETS
Stock130,98888,328
Debtors446,50947,234
Cash at bank and in hand9,08821,124
186,585156,686
CREDITORS: Amounts falling due within one year5131,162112,524
NET CURRENT ASSETS55,42344,162
TOTAL ASSETS LESS CURRENT LIABILITIES100,651100,511
PROVISIONS FOR LIABILITIES AND CHARGES75,2367,909
NET ASSETS95,41592,602
CAPITAL AND RESERVES
Called up share capital8125125
Profit and loss account95,29092,477
SHAREHOLDERS' FUNDS95,41592,602
For the year ending 31/05/2023 the company was entitled to exemption 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/02/2024 and signed on their behalf by
.............................
DAVID WILLIAMS
Director

ADVANTAGE DESIGN AND BUILD LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 10%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

ADVANTAGE DESIGN AND BUILD LIMITED

2. TANGIBLE FIXED ASSETS
Land AndCommercial
BuildingsVehiclesEquipmentTotal
££££
Cost
At 01/06/202222,08561,60036,737120,422
Additions--275275
At 31/05/202322,08561,60037,012120,697
Depreciation
At 01/06/20222,20942,45119,41364,073
For the year2,2094,7874,40011,396
At 31/05/20234,41847,23823,81375,469
Net Book Amounts
At 31/05/202317,66714,36213,19945,228
At 31/05/202219,87619,14917,32456,349
3. STOCK 20232022
££
Stock comprises:
Work in progress130,98888,328
130,98888,328
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors23,86142,505
VAT20,227-
Prepayments2,4213,321
Directors current account-1,408
46,50947,234

ADVANTAGE DESIGN AND BUILD LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Corporation tax18,75712,090
VAT-15,020
PAYE creditor2,8345,553
Directors current account55,552-
Trade creditors53,03977,941
Accruals9801,920
131,162112,524
6. EMPLOYEES
20232022
No.No.
Average number of employees33
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred tax5,2367,909
5,2367,909
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
125 Ordinary shares of £1 each125125
125125