IRIS Accounts Production v24.2.0.383 07740010 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077400102023-08-31077400102024-08-31077400102023-09-012024-08-31077400102022-08-31077400102022-09-012023-08-31077400102023-08-3107740010ns15:EnglandWales2023-09-012024-08-3107740010ns14:PoundSterling2023-09-012024-08-3107740010ns10:Director12023-09-012024-08-3107740010ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107740010ns10:SmallEntities2023-09-012024-08-3107740010ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107740010ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107740010ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107740010ns10:FullAccounts2023-09-012024-08-310774001012023-09-012024-08-3107740010ns10:RegisteredOffice2023-09-012024-08-3107740010ns5:CurrentFinancialInstruments2024-08-3107740010ns5:CurrentFinancialInstruments2023-08-3107740010ns5:Non-currentFinancialInstruments2024-08-3107740010ns5:Non-currentFinancialInstruments2023-08-3107740010ns5:ShareCapital2024-08-3107740010ns5:ShareCapital2023-08-3107740010ns5:RetainedEarningsAccumulatedLosses2024-08-3107740010ns5:RetainedEarningsAccumulatedLosses2023-08-3107740010ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107740010ns5:PlantMachinery2023-09-012024-08-3107740010ns5:FurnitureFittings2023-09-012024-08-3107740010ns5:MotorVehicles2023-09-012024-08-3107740010ns5:ComputerEquipment2023-09-012024-08-3107740010ns5:NetGoodwill2023-08-3107740010ns5:NetGoodwill2024-08-3107740010ns5:NetGoodwill2023-08-3107740010ns5:PlantMachinery2023-08-3107740010ns5:FurnitureFittings2023-08-3107740010ns5:MotorVehicles2023-08-3107740010ns5:ComputerEquipment2023-08-3107740010ns5:PlantMachinery2024-08-3107740010ns5:FurnitureFittings2024-08-3107740010ns5:MotorVehicles2024-08-3107740010ns5:ComputerEquipment2024-08-3107740010ns5:PlantMachinery2023-08-3107740010ns5:FurnitureFittings2023-08-3107740010ns5:MotorVehicles2023-08-3107740010ns5:ComputerEquipment2023-08-3107740010ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3107740010ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3107740010ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107740010ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 07740010 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ADVANCED TOTAL SUPPLIES LTD

ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED TOTAL SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mrs Y Gill





REGISTERED OFFICE: Unit 6C, Midland Trading Estate
Consul Road
Rugby
Warwickshire
CV21 1PB





REGISTERED NUMBER: 07740010 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 321,829 129,377
321,829 129,377

CURRENT ASSETS
Stocks 332,945 234,555
Debtors 6 1,324,219 1,090,988
Cash at bank 1,459,556 446,336
3,116,720 1,771,879
CREDITORS
Amounts falling due within one year 7 1,253,906 735,889
NET CURRENT ASSETS 1,862,814 1,035,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,184,643

1,165,367

CREDITORS
Amounts falling due after more than one
year

8

(97,933

)

-

PROVISIONS FOR LIABILITIES (50,291 ) (16,129 )
NET ASSETS 2,036,419 1,149,238

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 2,035,418 1,148,237
SHAREHOLDERS' FUNDS 2,036,419 1,149,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)

BALANCE SHEET - continued
31 AUGUST 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 13 January 2025 and were signed by:





Mrs Y Gill - Director


ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Advanced Total Supplies Ltd 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.

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Goodwill
Goodwill within the accounts was in respect of a business that was acquired. The original cost has now been fully amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 12,000
AMORTISATION
At 1 September 2023
and 31 August 2024 12,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 30,457 7,409 157,479 28,021 223,366
Additions 397 3,766 321,476 5,049 330,688
Disposals - - (50,781 ) - (50,781 )
At 31 August 2024 30,854 11,175 428,174 33,070 503,273
DEPRECIATION
At 1 September 2023 13,514 3,075 61,349 16,051 93,989
Charge for year 4,335 2,025 97,999 8,269 112,628
Eliminated on disposal - - (25,173 ) - (25,173 )
At 31 August 2024 17,849 5,100 134,175 24,320 181,444
NET BOOK VALUE
At 31 August 2024 13,005 6,075 293,999 8,750 321,829
At 31 August 2023 16,943 4,334 96,130 11,970 129,377

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 161,726
At 31 August 2024 161,726
DEPRECIATION
Charge for year 40,431
At 31 August 2024 40,431
NET BOOK VALUE
At 31 August 2024 121,295

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,164,451 927,511
Other debtors 103,457 143,188
Prepayments 56,311 20,289
1,324,219 1,090,988

ADVANCED TOTAL SUPPLIES LTD (REGISTERED NUMBER: 07740010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,911 -
Trade creditors 728,428 473,545
Corporation tax 342,648 133,638
Social security and other taxes 36,574 22,704
Wages control - 8,219
Pension Control Account 5,156 462
VAT 110,552 93,238
Other creditors 123 1,255
Directors' current accounts 14 1,990
Accrued expenses 5,500 838
1,253,906 735,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 97,933 -

9. RELATED PARTY DISCLOSURES

The company is owed £70,200 (2023 £128,200) from Advanced Property Investments Ltd, which is a company 100% owned by the director.

The company is also owed £9,716 (2023 £1,082) from Our 4 Walls Ltd, which is a company 100% owned by the director.