Registered number
04595122
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED
Filleted Accounts
30 November 2023
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED
Registered number: 04595122
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,713,844 2,736,613
Current assets
Cash at bank and in hand 41,746 602,623
Creditors: amounts falling due within one year 4 (332,315) (574,220)
Net current (liabilities)/assets (290,569) 28,403
Total assets less current liabilities 2,423,275 2,765,016
Creditors: amounts falling due after more than one year 5 (2,129,811) (2,429,811)
Net assets 293,464 335,205
Capital and reserves
Called up share capital 402,003 402,003
Profit and loss account (108,539) (66,798)
Shareholders' funds 293,464 335,205
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Jahani
Director
Approved by the board on 27 August 2024
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0.5 % on original cost
Plant and machinery 15% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 2,936,517 181,085 3,117,602
At 30 November 2023 2,936,517 181,085 3,117,602
Depreciation
At 1 December 2022 246,767 134,222 380,989
Charge for the year 15,740 7,029 22,769
At 30 November 2023 262,507 141,251 403,758
Net book value
At 30 November 2023 2,674,010 39,834 2,713,844
At 30 November 2022 2,689,750 46,863 2,736,613
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 25,000 35,000
Trade creditors 163,588 301,338
Other creditors 143,727 237,882
332,315 574,220
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,129,811 2,429,811
6 Other information
ADVANCED METRO CENTRE DEVELOPMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Park Royal Metro Centre
Britannia Way
London
NW10 7PA
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