Advance Green World International Ltd 07817373 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a commision agen in the field of professional consulting services in networking and network architecture in switching (network switch or switching hub). Development of models for the control of network infrastructures, including through design, construction and production of probes. Digita Accounts Production Advanced 6.30.9574.0 true true 07817373 2023-01-01 2023-12-31 07817373 2023-12-31 07817373 bus:OrdinaryShareClass1 2023-12-31 07817373 core:CurrentFinancialInstruments 2023-12-31 07817373 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07817373 bus:SmallEntities 2023-01-01 2023-12-31 07817373 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07817373 bus:AbridgedAccounts 2023-01-01 2023-12-31 07817373 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07817373 bus:RegisteredOffice 2023-01-01 2023-12-31 07817373 bus:Director3 2023-01-01 2023-12-31 07817373 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07817373 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07817373 countries:EnglandWales 2023-01-01 2023-12-31 07817373 2022-01-01 2022-12-31 07817373 2022-12-31 07817373 bus:OrdinaryShareClass1 2022-12-31 07817373 core:CurrentFinancialInstruments 2022-12-31 07817373 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07817373

Advance Green World International Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Advance Green World International Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Advance Green World International Ltd

(Registration number: 07817373)
Abridged Balance Sheet as at 31 December 2023

Note

2023

2022

Current assets

 

Debtors

10,413

7,992

Cash at bank and in hand

 

12,678

33,661

 

23,091

41,653

Creditors: Amounts falling due within one year

(17,372)

(19,683)

Total assets less current liabilities

 

5,719

21,970

Accruals and deferred income

 

(2,185)

(2,143)

Net assets

 

3,534

19,827

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

3,434

19,727

Shareholders' funds

 

3,534

19,827

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr N R Hogan
Director

   
     
 

Advance Green World International Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The shareholders have been providing support as required to the company during the year and since the year end, and have confirmed that they will continue to make such support as the company needs available as required over the forecast period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Advance Green World International Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

No.

Ordinary shares of €1 each

100

100

100

100