IRIS Accounts Production v24.3.0.553 03517275 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035172752023-03-31035172752024-03-31035172752023-04-012024-03-31035172752022-03-31035172752022-04-012023-03-31035172752023-03-3103517275ns15:EnglandWales2023-04-012024-03-3103517275ns14:PoundSterling2023-04-012024-03-3103517275ns10:Director12023-04-012024-03-3103517275ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103517275ns10:SmallEntities2023-04-012024-03-3103517275ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103517275ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103517275ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103517275ns10:FullAccounts2023-04-012024-03-310351727512023-04-012024-03-3103517275ns10:RegisteredOffice2023-04-012024-03-3103517275ns5:CurrentFinancialInstruments2024-03-3103517275ns5:CurrentFinancialInstruments2023-03-3103517275ns5:ShareCapital2024-03-3103517275ns5:ShareCapital2023-03-3103517275ns5:RetainedEarningsAccumulatedLosses2024-03-3103517275ns5:RetainedEarningsAccumulatedLosses2023-03-3103517275ns5:NetGoodwill2023-04-012024-03-3103517275ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103517275ns5:PlantMachinery2023-04-012024-03-3103517275ns5:MotorVehicles2023-04-012024-03-3103517275ns5:ComputerEquipment2023-04-012024-03-3103517275ns5:NetGoodwill2023-03-3103517275ns5:NetGoodwill2024-03-3103517275ns5:NetGoodwill2023-03-3103517275ns5:PlantMachinery2023-03-3103517275ns5:MotorVehicles2023-03-3103517275ns5:ComputerEquipment2023-03-3103517275ns5:PlantMachinery2024-03-3103517275ns5:MotorVehicles2024-03-3103517275ns5:ComputerEquipment2024-03-3103517275ns5:PlantMachinery2023-03-3103517275ns5:MotorVehicles2023-03-3103517275ns5:ComputerEquipment2023-03-3103517275ns5:CostValuation2023-03-3103517275ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103517275ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 03517275 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADVENA LIMITED

ADVENA LIMITED (REGISTERED NUMBER: 03517275)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVENA LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Ms K Ostle



REGISTERED OFFICE: Pure Offices
Plato Close
Tachbrook Park
Leamington Spa
Warwickshire
CV34 6WE



REGISTERED NUMBER: 03517275 (England and Wales)



BANKERS: HSBC
6 West Street
Horsham
West Sussex
RH12 1PE

ADVENA LIMITED (REGISTERED NUMBER: 03517275)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,584 23,167
Tangible assets 5 16,565 14,971
Investments 6 90 90
28,239 38,228

CURRENT ASSETS
Debtors 7 253,665 169,802
Prepayments and accrued income 36,950 14,772
Cash at bank and in hand 264,844 679,411
555,459 863,985
CREDITORS
Amounts falling due within one year 8 121,469 172,114
NET CURRENT ASSETS 433,990 691,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,229

730,099

PROVISIONS FOR LIABILITIES (3,147 ) (2,844 )

ACCRUALS AND DEFERRED INCOME (280,074 ) (220,084 )
NET ASSETS 179,008 507,171

CAPITAL AND RESERVES
Called up share capital 182 182
Retained earnings 178,826 506,989
179,008 507,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADVENA LIMITED (REGISTERED NUMBER: 03517275)

BALANCE SHEET - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Ms K Ostle - Director


ADVENA LIMITED (REGISTERED NUMBER: 03517275)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Advena Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2109, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ADVENA LIMITED (REGISTERED NUMBER: 03517275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 57,917
AMORTISATION
At 1 April 2023 34,750
Charge for year 11,583
At 31 March 2024 46,333
NET BOOK VALUE
At 31 March 2024 11,584
At 31 March 2023 23,167

ADVENA LIMITED (REGISTERED NUMBER: 03517275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 11,372 667 22,714 34,753
Additions 685 - 3,375 4,060
At 31 March 2024 12,057 667 26,089 38,813
DEPRECIATION
At 1 April 2023 9,196 667 9,919 19,782
Charge for year 387 - 2,079 2,466
At 31 March 2024 9,583 667 11,998 22,248
NET BOOK VALUE
At 31 March 2024 2,474 - 14,091 16,565
At 31 March 2023 2,176 - 12,795 14,971

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 90
NET BOOK VALUE
At 31 March 2024 90
At 31 March 2023 90

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227,683 168,149
Other debtors 25,982 1,653
253,665 169,802

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,650 29,298
Amounts owed to group undertakings 10,408 11,384
Taxation and social security 87,954 123,816
Other creditors 11,457 7,616
121,469 172,114

ADVENA LIMITED (REGISTERED NUMBER: 03517275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. SECURED DEBTS

There is a fixed and floating charge over the assets of the company.

10. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.