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REGISTERED NUMBER: 03985924 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Advansys Limited

Advansys Limited (Registered number: 03985924)

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


Advansys Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K R Wilson
D L Wilson





SECRETARY: D L Wilson





REGISTERED OFFICE: 4 Millars Brook
Molly Millars Lane
Wokingham
Berkshire
RG41 2AD





REGISTERED NUMBER: 03985924 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Advansys Limited (Registered number: 03985924)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,951 121,705

CURRENT ASSETS
Debtors 5 536,160 462,161
Cash at bank 163,743 244,404
699,903 706,565
CREDITORS
Amounts falling due within one year 6 100,090 99,780
NET CURRENT ASSETS 599,813 606,785
TOTAL ASSETS LESS CURRENT LIABILITIES 723,764 728,490

CREDITORS
Amounts falling due after more than one year 7 34,789 76,539
NET ASSETS 688,975 651,951

CAPITAL AND RESERVES
Called up share capital 40 40
Revaluation reserve 8 121,988 121,988
Retained earnings 566,947 529,923
SHAREHOLDERS' FUNDS 688,975 651,951

Advansys Limited (Registered number: 03985924)

Balance Sheet - continued
31 March 2024


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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





D L Wilson - Director


Advansys Limited (Registered number: 03985924)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Advansys 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided in order to write off each asset over its estimated useful life.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Advansys Limited (Registered number: 03985924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 11,000 223,419 234,419
Additions - 2,246 2,246
At 31 March 2024 11,000 225,665 236,665
DEPRECIATION
At 1 April 2023
and 31 March 2024 11,000 101,714 112,714
NET BOOK VALUE
At 31 March 2024 - 123,951 123,951
At 31 March 2023 - 121,705 121,705

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 60,031 41,250
Other debtors 10,287 -
70,318 41,250

Amounts falling due after more than one year:
Other debtors 465,842 420,911

Aggregate amounts 536,160 462,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,119 33,119
Trade creditors 5,836 6,684
Taxation and social security 60,021 59,324
Other creditors 1,114 653
100,090 99,780

Advansys Limited (Registered number: 03985924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 31,881 61,881
Other creditors 2,908 14,658
34,789 76,539

There is a fixed and floating charge dated 6 June 2018 with HSBC Bank plc on all assets of the company.

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 121,988