Registered number
09125668
ADVANCED INTEGRATION LTD
Filleted Accounts
31 July 2024
ADVANCED INTEGRATION LTD
Registered number: 09125668
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,375 5,003
Investments 4 17,123 17,123
24,498 22,126
Current assets
Stocks (12,317) -
Debtors 5 (63,250) 219,541
Cash at bank and in hand 567,591 277,062
492,024 496,603
Creditors: amounts falling due within one year 6 (141,976) (206,463)
Net current assets 350,048 290,140
Total assets less current liabilities 374,546 312,266
Creditors: amounts falling due after more than one year 7 (25,701) (25,021)
Net assets 348,845 287,245
Capital and reserves
Called up share capital 100 100
Profit and loss account 348,745 287,145
Shareholders' funds 348,845 287,245
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marios Tsiftis
Director
Approved by the board on 10 March 2025
ADVANCED INTEGRATION LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 15% on Written Down Value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 44,229
Additions 3,673
At 31 July 2024 47,902
Depreciation
At 1 August 2023 39,226
Charge for the year 1,301
At 31 July 2024 40,527
Net book value
At 31 July 2024 7,375
At 31 July 2023 5,003
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2023 17,123
At 31 July 2024 17,123
5 Debtors 2024 2023
£ £
Trade debtors - 282,791
Other debtors (63,250) (63,250)
(63,250) 219,541
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 29,336 -
Trade creditors (55,677) 96,825
Taxation and social security costs 60,934 (18,500)
Other creditors 107,383 128,138
141,976 206,463
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,701 35,814
Trade creditors - (10,793)
25,701 25,021
8 Other information
ADVANCED INTEGRATION LTD is a private company limited by shares and incorporated in England. Its registered office is:
190 Billet Road
Walthamstow
United Kingdom
E17 5DX
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