Company registration number 04656892 (England and Wales)
ADVANCE APPROVAL CONSULTANCY SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ADVANCE APPROVAL CONSULTANCY SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ADVANCE APPROVAL CONSULTANCY SERVICES LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,006
4,476
Current assets
Debtors
4
73,370
84,165
Cash at bank and in hand
594
628
73,964
84,793
Creditors: amounts falling due within one year
5
(404,857)
(415,651)
Net current liabilities
(330,893)
(330,858)
Total assets less current liabilities
(327,887)
(326,382)
Provisions for liabilities
526
526
Net liabilities
(327,361)
(325,856)
Capital and reserves
Called up share capital
1,001
1,001
Profit and loss reserves
(328,362)
(326,857)
Total equity
(327,361)
(325,856)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 March 2025
Mr S Christophi
Director
Company registration number 04656892 (England and Wales)
ADVANCE APPROVAL CONSULTANCY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Advance Approval Consultancy Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Union Building, The Union Building, 51-59 Rose Lane, Norwich, Norfolk, England, NR1 1BY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
- 25% reducing balance
Computers
- 25% reducing balance
1.3
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
11
ADVANCE APPROVAL CONSULTANCY SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
24,006
Depreciation and impairment
At 1 April 2023
19,530
Depreciation charged in the year
1,470
At 31 March 2024
21,000
Carrying amount
At 31 March 2024
3,006
At 31 March 2023
4,476
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
73,370
84,165
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
11
11
Other creditors
404,846
415,640
404,857
415,651