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REGISTERED NUMBER: 05971115 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ADVANCED CAD TECHNOLOGY LIMITED

ADVANCED CAD TECHNOLOGY LIMITED (REGISTERED NUMBER: 05971115)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED CAD TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A D Clarke
Mrs C M Clarke





SECRETARY: A D Clarke





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 05971115 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

ADVANCED CAD TECHNOLOGY LIMITED (REGISTERED NUMBER: 05971115)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,744 3,092

CURRENT ASSETS
Debtors 5 26,382 30,193
Cash at bank 123,707 180,466
150,089 210,659
CREDITORS
Amounts falling due within one year 6 24,776 26,505
NET CURRENT ASSETS 125,313 184,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,057

187,246

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 128,055 187,244
SHAREHOLDERS' FUNDS 128,057 187,246

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ADVANCED CAD TECHNOLOGY LIMITED (REGISTERED NUMBER: 05971115)

BALANCE SHEET - continued
31 DECEMBER 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 29 February 2024 and were signed on its behalf by:





A D Clarke - Director


ADVANCED CAD TECHNOLOGY LIMITED (REGISTERED NUMBER: 05971115)

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

1. STATUTORY INFORMATION

Advanced Cad Technology Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from consultation services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to training completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

ADVANCED CAD TECHNOLOGY LIMITED (REGISTERED NUMBER: 05971115)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings Equipment equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,139 890 20,941 26,970
Additions - - 566 566
At 31 December 2023 5,139 890 21,507 27,536
DEPRECIATION
At 1 January 2023 4,878 881 18,119 23,878
Charge for year 65 2 847 914
At 31 December 2023 4,943 883 18,966 24,792
NET BOOK VALUE
At 31 December 2023 196 7 2,541 2,744
At 31 December 2022 261 9 2,822 3,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,651 21,848
Other debtors 8,731 8,345
26,382 30,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,296 1,722
Social security and other taxes - 86
VAT 5,904 5,410
Directors' current accounts 11,251 17,192
Accrued expenses 2,325 2,095
24,776 26,505

ADVANCED CAD TECHNOLOGY LIMITED (REGISTERED NUMBER: 05971115)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Retained
earnings
£   

At 1 January 2023 187,244
Deficit for the year (59,189 )
At 31 December 2023 128,055

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director has signified that his directors current account has always been kept in credit and he will not charge any interest on the monies held in his directors current account.