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COMPANY REGISTRATION NUMBER: NI636457
Advanced Contracts Limited
Unaudited Financial Statements
31 May 2024
Advanced Contracts Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Income statement
2
Statement of financial position and the notes to the financial statements
3
Advanced Contracts Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Advanced Contracts Limited
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Advanced Contracts Limited for the year ended 31 May 2024, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. This report is made solely to the director of Advanced Contracts Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Advanced Contracts Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanced Contracts Limited and its director for our work or for this report.
It is your duty to ensure that Advanced Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Advanced Contracts Limited. You consider that Advanced Contracts Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Advanced Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
CLAREMOUNT Chartered Accountants
1b Brookmount Crescent Omagh Co Tyrone BT78 5HG
20 February 2025
Advanced Contracts Limited
Income Statement
Year ended 31 May 2024
2024
2023
£
£
Turnover
84,000
50,100
Other charges
16,689
9,796
Tax
16,828
7,658
--------
--------
Profit
50,483
32,646
--------
--------
Advanced Contracts Limited
Statement of Financial Position
31 May 2024
2024
2023
£
£
Fixed assets
337,757
337,757
---------
---------
Current assets
67,799
25,401
Creditors: amounts falling due within one year
277,798
286,383
---------
---------
Net current liabilities
( 209,999)
( 260,982)
---------
---------
Total assets less current liabilities
127,758
76,775
Accruals and deferred income
2,000
1,500
---------
--------
125,758
75,275
---------
--------
Capital and reserves
125,758
75,275
---------
--------
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 20 February 2025 , and are signed on behalf of the board by:
Mr A Donaghy
Director
Company registration number: NI636457
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 19a Crocknacor Road, Omagh, Co Tyrone, BT79 0JS.