ADVANTAGE EQUIPMENT LTD

Company Registration Number:
07511272 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 April 2023

End date: 31 December 2023

ADVANTAGE EQUIPMENT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

ADVANTAGE EQUIPMENT LTD

Balance sheet

As at 31 December 2023


Notes

31 December 2023

31 March 2023


£

£
Current assets
Debtors: 3 4,152 16,926
Cash at bank and in hand: 8,135 917
Total current assets: 12,287 17,843
Creditors: amounts falling due within one year: 4 (23,017) (27,608)
Net current assets (liabilities): (10,730) (9,765)
Total assets less current liabilities: (10,730) (9,765)
Total net assets (liabilities): (10,730) (9,765)
Capital and reserves
Called up share capital: 130 130
Profit and loss account: (10,860) (9,895)
Shareholders funds: (10,730) (9,765)

The notes form part of these financial statements

ADVANTAGE EQUIPMENT LTD

Balance sheet statements

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: Mr M Twigg
Status: Director

The notes form part of these financial statements

ADVANTAGE EQUIPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Office equipment 20% straight line

Other accounting policies

1. Taxation. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. 2. Short term debtors and creditors. Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss. 3. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

ADVANTAGE EQUIPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

31 December 2023 31 March 2023
Average number of employees during the period 0 0

ADVANTAGE EQUIPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

31 December 2023 31 March 2023
££
Debtors due after more than one year: 0 0

ADVANTAGE EQUIPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Amounts owed to group undertakings £7,361. Other taxes and social security £14,667. Director's loan account £226. Accruals £763.

ADVANTAGE EQUIPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Loans to directors

Name of director receiving advance or credit: Mr M Twigg
Description of the loan: Monies loaned
£
Balance at 01 April 2023 12,774
Advances or credits repaid: 12,774
Balance at 31 December 2023 0