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REGISTERED NUMBER: 14024343 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ADVICE HOLDINGS LIMITED

ADVICE HOLDINGS LIMITED (REGISTERED NUMBER: 14024343)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADVICE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr T E Cleavin





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 14024343 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

ADVICE HOLDINGS LIMITED (REGISTERED NUMBER: 14024343)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 2,419,200 2,721,600
Tangible assets 5 - 750
Investments 6 7,100 7,100
2,426,300 2,729,450

CURRENT ASSETS
Cash at bank 1,758 21,882

CREDITORS
Amounts falling due within one year 7 494,002 457,195
NET CURRENT LIABILITIES (492,244 ) (435,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,934,056

2,294,137

CREDITORS
Amounts falling due after more than one year 8 1,849,562 2,244,000
NET ASSETS 84,494 50,137

CAPITAL AND RESERVES
Called up share capital 7,100 7,100
Retained earnings 77,394 43,037
SHAREHOLDERS' FUNDS 84,494 50,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15th August 2024 and were signed by:




Mr T E Cleavin - Director


ADVICE HOLDINGS LIMITED (REGISTERED NUMBER: 14024343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Advice Holdings 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st April 2023
and 31st March 2024 3,024,000
AMORTISATION
At 1st April 2023 302,400
Charge for year 302,400
At 31st March 2024 604,800
NET BOOK VALUE
At 31st March 2024 2,419,200
At 31st March 2023 2,721,600

ADVICE HOLDINGS LIMITED (REGISTERED NUMBER: 14024343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st April 2023
and 31st March 2024 1,125
DEPRECIATION
At 1st April 2023 375
Charge for year 750
At 31st March 2024 1,125
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 750

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st April 2023
and 31st March 2024 7,100
NET BOOK VALUE
At 31st March 2024 7,100
At 31st March 2023 7,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Other loans 360,000 360,000
Tax 132,502 95,755
Accrued expenses 1,500 1,440
494,002 457,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Other loans - 1-2 years 360,000 360,000
Other loans - 2-5 years 1,080,000 1,080,000
Other loans more 5yrs instal 409,562 804,000
1,849,562 2,244,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 409,562 804,000