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Registered number: 08670409










ADVANTAGE TESTING UK LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ADVANTAGE TESTING UK LIMITED
REGISTERED NUMBER: 08670409

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
32,030
31,146

Cash at bank and in hand
 5 
21,466
7,697

  
53,496
38,843

Creditors: amounts falling due within one year
 6 
(111,922)
(88,987)

Net current liabilities
  
 
 
(58,426)
 
 
(50,144)

Total assets less current liabilities
  
(58,426)
(50,144)

  

Net liabilities
  
(58,426)
(50,144)


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(68,426)
(60,144)

  
(58,426)
(50,144)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




................................................
A Alagappan
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ADVANTAGE TESTING UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Advantage Testing UK Limited (Company no: 08670409) is a private company limited by shares, which is incorporated and registered in England and Wales. The registered office is 32 Portland Terrace, Newcastle upon Tyne, NE2 1QP. The principal place of business is 4/4a Bloomsbury Square, London, Greater London, WC1A 2RP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised at the point at which the Company has fulfilled its contractual obligations to the customer.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
ADVANTAGE TESTING UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
31,240
29,680

Other debtors
318
318

Prepayments and accrued income
472
1,148

32,030
31,146



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
21,466
7,697

21,466
7,697


Page 3

 
ADVANTAGE TESTING UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,080
251

Amounts owed to group undertakings
60,236
51,337

Other taxation and social security
8,405
4,576

Other creditors
234
188

Accruals and deferred income
41,967
32,635

111,922
88,987



7.


Controlling party

The smallest group of which the company is a member and for which consolidated financial statements are drawn up is headed by Advantage Testing, Inc. Consolidated accounts can be obtained from the registered office, which is Suite 601, 210 East 86th Street, New York, NY 10028.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 3 September 2024 by Jon Routledge (Senior Statutory Auditor) on behalf of Ryecroft Glenton.

 
Page 4