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Registered number: 06261152
Advent Advocacy Limited
Financial Statements
For The Year Ended 31 May 2024
TOCKAN & CO
CHARTERED CERTIFIED ACCOUNTANTS
289 Brettenham Road
Edmonton
London
N18 2HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06261152
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,417 2,007
1,417 2,007
CURRENT ASSETS
Debtors 5 162,000 185,745
Cash at bank and in hand 110,000 70,000
272,000 255,745
Creditors: Amounts Falling Due Within One Year 6 (195,049 ) (178,042 )
NET CURRENT ASSETS (LIABILITIES) 76,951 77,703
TOTAL ASSETS LESS CURRENT LIABILITIES 78,368 79,710
NET ASSETS 78,368 79,710
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 78,366 79,708
SHAREHOLDERS' FUNDS 78,368 79,710
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr BENJAMIN SANTALUCE
Director
20/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Advent Advocacy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06261152 . The registered office is 289 BRETTENHAM ROAD, EDMONTON, LONDON, N18 2HF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
Computer Equipment 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 63 (2023: 63)
63 63
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 41,439
Additions 1,417
As at 31 May 2024 42,856
Depreciation
As at 1 June 2023 39,432
Provided during the period 2,007
As at 31 May 2024 41,439
Net Book Value
As at 31 May 2024 1,417
As at 1 June 2023 2,007
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 162,000 185,745
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 -
Bank loans and overdrafts 43,823 42,753
Corporation tax - 498
Other taxes and social security 106,966 67,551
Pension payable 24,114 19,556
Director's loan account 20,144 47,684
195,049 178,042
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4