ADVANCE CONSULTING ENGINEERS LTD

Company Registration Number:
12416239 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ADVANCE CONSULTING ENGINEERS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

ADVANCE CONSULTING ENGINEERS LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 8,929 8,620
Investments:   0 0
Total fixed assets: 8,929 8,620
Current assets
Stocks: 0 0
Debtors: 4 308,856 258,696
Cash at bank and in hand: 270,660 416,965
Investments:   0 0
Total current assets: 579,516 675,661
Creditors: amounts falling due within one year: 5 (344,227) (280,726)
Net current assets (liabilities): 235,289 394,935
Total assets less current liabilities: 244,218 403,555
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (1,993) (1,933)
Total net assets (liabilities): 242,225 401,622
Capital and reserves
Called up share capital: 300 300
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 241,925 401,322
Shareholders funds: 242,225 401,622

The notes form part of these financial statements

ADVANCE CONSULTING ENGINEERS LTD

Balance sheet statements

For the year ending 31 March 2024 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 15 October 2024
and signed on behalf of the board by:

Name: C J Williams
Status: Director

The notes form part of these financial statements

ADVANCE CONSULTING ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

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 value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when: The amount of revenue can be reliable 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.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class – Furniture, fittings and equipment Depreciation method and rate – 10-25% straight line

Other accounting policies

Basis of preparation These 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. Tax Tax is recognised in profit and loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting rate in the countries where the company operates and generates taxable income. Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Financial instruments Classification The company holds the following financial instruments: - Short term trade and other debtors and creditors; - Bank loans; and - Cash and bank balances. All financial instruments are classified as basic. Recognition and measurement The company has chosen to apply the recognition and measurement principles of FRS102. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled. Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments. Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

ADVANCE CONSULTING ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 10 9

ADVANCE CONSULTING ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 17,370
Additions 4,480
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 21,850
Depreciation
At 01 April 2023 8,750
Charge for year 4,171
On disposals 0
Other adjustments 0
At 31 March 2024 12,921
Net book value
At 31 March 2024 8,929
At 31 March 2023 8,620

ADVANCE CONSULTING ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

Current Trade debtors 2024 £288,060 2023 £244,225 Prepayments 2024 £20,416 2023 £14,089 Other debtors 2024 £380 2023 £382 Total 2024 £308,856 2023 £258,696

ADVANCE CONSULTING ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year Trade creditors 2024 £32,610 2023 £14,673 Corporation tax 2024 £192,839 2023 £153,959 Taxation and social security 2024 £105,468 2023 £92,564 Other creditors 2024 £2,156 2023 £2,768 Accruals and deferred income 2024 £11,154 2023 £16,762 Total 2024 £344,227 2023 £280,726