Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true2023-02-01falseNo description of principal activity67falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02449312 2023-02-01 2024-01-31 02449312 2022-02-01 2023-01-31 02449312 2024-01-31 02449312 2023-01-31 02449312 c:Director1 2023-02-01 2024-01-31 02449312 d:PlantMachinery 2023-02-01 2024-01-31 02449312 d:PlantMachinery 2024-01-31 02449312 d:PlantMachinery 2023-01-31 02449312 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 02449312 d:MotorVehicles 2023-02-01 2024-01-31 02449312 d:MotorVehicles 2024-01-31 02449312 d:MotorVehicles 2023-01-31 02449312 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 02449312 d:FurnitureFittings 2023-02-01 2024-01-31 02449312 d:FurnitureFittings 2024-01-31 02449312 d:FurnitureFittings 2023-01-31 02449312 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 02449312 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 02449312 d:CurrentFinancialInstruments 2024-01-31 02449312 d:CurrentFinancialInstruments 2023-01-31 02449312 d:Non-currentFinancialInstruments 2024-01-31 02449312 d:Non-currentFinancialInstruments 2023-01-31 02449312 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 02449312 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 02449312 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 02449312 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 02449312 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 02449312 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 02449312 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 02449312 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 02449312 d:ShareCapital 2024-01-31 02449312 d:ShareCapital 2023-01-31 02449312 d:RetainedEarningsAccumulatedLosses 2024-01-31 02449312 d:RetainedEarningsAccumulatedLosses 2023-01-31 02449312 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 02449312 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 02449312 c:OrdinaryShareClass1 2023-02-01 2024-01-31 02449312 c:OrdinaryShareClass1 2024-01-31 02449312 c:FRS102 2023-02-01 2024-01-31 02449312 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 02449312 c:FullAccounts 2023-02-01 2024-01-31 02449312 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 02449312 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 02449312 d:HirePurchaseContracts d:WithinOneYear 2023-01-31 02449312 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 02449312 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-01-31 02449312 2 2023-02-01 2024-01-31 02449312 e:PoundSterling 2023-02-01 2024-01-31 02449312 d:EntityControlledByKeyManagementPersonnel1 2023-02-01 2024-01-31 02449312 d:EntityControlledByKeyManagementPersonnel1 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02449312









ADVANCED SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ADVANCED SOLUTIONS LIMITED
REGISTERED NUMBER: 02449312

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
85,362
62,336

  
85,362
62,336

Current assets
  

Stocks
 5 
53,350
53,350

Debtors: amounts falling due within one year
 6 
400,672
420,885

Cash at bank and in hand
 7 
30,320
17,604

  
484,342
491,839

Creditors: amounts falling due within one year
 8 
(283,426)
(270,520)

Net current assets
  
 
 
200,916
 
 
221,319

Total assets less current liabilities
  
286,278
283,655

Creditors: amounts falling due after more than one year
 9 
(24,167)
(43,258)

Provisions for liabilities
  

Deferred tax
 12 
(16,517)
(9,701)

Net assets
  
245,594
230,696


Capital and reserves
  

Called up share capital 
 13 
900
900

Profit and loss account
  
244,694
229,796

  
245,594
230,696


Page 1

 
ADVANCED SOLUTIONS LIMITED
REGISTERED NUMBER: 02449312
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 18 October 2024.




S D Parry Bull
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Advanced Solutions Limited is a company limited by shares, registered in England. The address of the registered office is Unit 6 Summerhouse Business Park 18 Canal Way, Harefield, Uxbridge, England, UB9 6TH.
The company's principal activity during the year continued to be that of supplying cleaning and janitorial materials.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
 
The following principal accounting policies have been applied:

 
2.2

Going concern

The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the Statement of financial position date. As such, the directors believe that there are not significant uncertainties in their assessment of whether the company is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Page 3

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

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.

 
2.13

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.

 
2.14

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.

Page 5

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was 6 (2023 - 7)



4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 February 2023
-
133,648
48,190
181,838


Additions
12,950
19,500
3,505
35,955



At 31 January 2024

12,950
153,148
51,695
217,793



Depreciation


At 1 February 2023
-
78,089
41,413
119,502


Charge for the year on owned assets
486
11,259
1,184
12,929



At 31 January 2024

486
89,348
42,597
132,431



Net book value



At 31 January 2024
12,464
63,800
9,098
85,362



At 31 January 2023
-
55,559
6,777
62,336

Page 6

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Stocks

2024
2023
£
£

Finished goods
53,350
53,350

53,350
53,350



6.


Debtors

2024
2023
£
£


Trade debtors
284,385
337,718

Other debtors
116,287
83,167

400,672
420,885



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,320
17,604

Less: Bank invoice discounting facility
(28,408)
-

1,912
17,604


Page 7

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due within one year

2024
2022
£
£

Bank invoice discounting facility
28,408
-

Bank loans
11,590
16,360

Trade creditors
104,285
141,215

Corporation tax
11,950
60,657

Other taxation and social security
7,698
1,444

Obligations under finance lease and hire purchase contracts
7,500
7,500

Other creditors
108,995
40,344

Accruals and deferred income
3,000
3,000

283,426
270,520


At the year end, the bank held a fixed and floating charge over the company's assets.
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,667
28,258

Obligations under finance leases and hire purchase contracts
7,500
15,000

24,167
43,258


Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

Page 8

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
11,590
16,360

Amounts falling due 1-2 years

Bank loans
10,000
11,590

Amounts falling due 2-5 years

Bank loans
6,667
16,668

28,257
44,618



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,500
7,500

Between 1-5 years
7,500
15,000

15,000
22,500

Page 9

 
ADVANCED SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

12.


Deferred taxation




2024


£






At beginning of year
9,701


Charged to the Statement of comprehensive income
6,816



At end of year
16,517

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
16,517
9,701

16,517
9,701


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



900 Ordinary shares of £1 each
900
900



14.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,735 (2023 - £5,512). Contributions totaling £139 (2023 - £135) were outstanding as at year end.


15.


Transactions with directors

Included within debtors is an amount of £112,855 (2023 - £71,128) due from the directors. The loan is interest free and repayable on demand.


16.


Controlling party

The ultimate controlling party is S D Parry Bull by virtue of his majority shareholding in the company.

 
Page 10