ADVANCED CAPITAL SOLUTIONS LIMITED

Company Registration Number:
03365879 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ADVANCED CAPITAL SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ADVANCED CAPITAL SOLUTIONS LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Robert D Jones
Secretary: Susan L Martin
Registered office: The Firs
42a Danson Road
Bexleyheath
Kent
DA6 8HB
Company Registration Number: 03365879 (England and Wales)

ADVANCED CAPITAL SOLUTIONS LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The Company is an FCA Regulated Reinsurance Broker.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Robert D Jones

Secretary
Susan L Martin

This report was approved by the board of directors on 31 July 2024
And Signed On Behalf Of The Board By:

Name: Robert D Jones
Status: Director

Name: Susan L Martin
Status: Director

ADVANCED CAPITAL SOLUTIONS LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 225,598 205,191
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 133,222 ) ( 89,592 )
Operating Profit or (Loss) 92,376 115,599
Interest Receivable and Similar Income 8,086 988
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 100,462 116,587
Tax on Profit ( 21,947 ) ( 22,151 )
Profit or (Loss) for Period 78,515 94,436

The notes form part of these financial statements

ADVANCED CAPITAL SOLUTIONS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 2,237 1,739
Total fixed assets: 2,237 1,739
Current assets
Stocks: 0 0
Debtors: 21,045 13,971
Cash at bank and in hand: 994,912 694,919
Total current assets: 1,015,957 708,890
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 291,268 ) ( 62,218 )
Net current assets (liabilities): 724,689 646,672
Total assets less current liabilities: 726,926 648,411
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 726,926 648,411

The notes form part of these financial statements

ADVANCED CAPITAL SOLUTIONS LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 10,000 10,000
Revaluation reserve: 5 638,411 543,975
Profit and loss account: 78,515 94,436
Shareholders funds: 726,926 648,411

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 July 2024
And Signed On Behalf Of The Board By:

Name: Robert D Jones
Status: Director

Name: Susan L Martin
Status: Director

The notes form part of these financial statements

ADVANCED CAPITAL SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    The Accounts have been prepared on the same consistent basis as used in previous years reporting, originally set by our former Auditors.

ADVANCED CAPITAL SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

ADVANCED CAPITAL SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

ADVANCED CAPITAL SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 1,739
Additions 1,243
Disposals (0)
Revaluations 0
Transfers 0
At 31 December 2023 2,982
Depreciation
At 01 January 2023 0
Charge for year 745
On disposals (0)
Other adjustments 0
At 31 December 2023 745
Net book value
At 31 December 2023 2,237
At 31 December 2022 1,739

Purchase of new computers and software

ADVANCED CAPITAL SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve


2023
£
Balance at 01 January 2023 543,975
Surplus or deficit after revaluation 94,436
Balance at 31 December 2023 638,411