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Company Registration No. 11716381 (England and Wales)
Advanced Contracts Solutions Limited Unaudited accounts for the year ended 30 November 2024
Advanced Contracts Solutions Limited Unaudited accounts Contents
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Advanced Contracts Solutions Limited Company Information for the year ended 30 November 2024
Directors
Brendan Cowell Matthew Hiscox Graham Michael Hurd Adam David Phillips Robert Malcolm Hurd
Company Number
11716381 (England and Wales)
Registered Office
Unit 20 Darren Drive Prince Of Wales Industrial Estate Abercarn, Newport NP11 5AR Wales
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Advanced Contracts Solutions Limited for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Advanced Contracts Solutions Limited for the year ended 30 November 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 18 February 2025
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Advanced Contracts Solutions Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,074 
12,160 
Current assets
Debtors
192,524 
108,621 
Cash at bank and in hand
217,216 
183,134 
409,740 
291,755 
Creditors: amounts falling due within one year
(159,918)
(145,550)
Net current assets
249,822 
146,205 
Total assets less current liabilities
259,896 
158,365 
Provisions for liabilities
Deferred tax
(2,518)
(2,798)
Net assets
257,378 
155,567 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
257,278 
155,467 
Shareholders' funds
257,378 
155,567 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by
Matthew Hiscox Director Company Registration No. 11716381
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Advanced Contracts Solutions Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Advanced Contracts Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11716381. The registered office is Unit 20 Darren Drive, Prince Of Wales Industrial Estate, Abercarn, Newport, NP11 5AR, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
10 years straight line
Computer equipment
3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Advanced Contracts Solutions Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
18,798 
13,109 
1,179 
33,086 
Additions
- 
- 
778 
778 
At 30 November 2024
18,798 
13,109 
1,957 
33,864 
Depreciation
At 1 December 2023
14,341 
6,480 
105 
20,926 
Charge for the year
1,117 
1,311 
436 
2,864 
At 30 November 2024
15,458 
7,791 
541 
23,790 
Net book value
At 30 November 2024
3,340 
5,318 
1,416 
10,074 
At 30 November 2023
4,457 
6,629 
1,074 
12,160 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
22,698 
24,148 
Trade debtors
168,038 
83,110 
Accrued income and prepayments
1,363 
1,363 
Other debtors
425 
- 
192,524 
108,621 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
52,905 
52,282 
Taxes and social security
97,327 
85,078 
Other creditors
441 
855 
Accruals
2,350 
2,000 
Deferred income
6,895 
5,335 
159,918 
145,550 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
Advanced Contracts Solutions Holdings Limited is the parent company,
9
Average number of employees
During the year the average number of employees was 11 (2023: 12).
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