IRIS Accounts Production v24.3.2.46 05479318 director 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054793182023-06-30054793182024-06-30054793182023-07-012024-06-30054793182022-06-30054793182022-07-012023-06-30054793182023-06-3005479318ns15:EnglandWales2023-07-012024-06-3005479318ns14:PoundSterling2023-07-012024-06-3005479318ns10:Director12023-07-012024-06-3005479318ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005479318ns10:SmallEntities2023-07-012024-06-3005479318ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005479318ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005479318ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005479318ns10:FullAccounts2023-07-012024-06-300547931812023-07-012024-06-3005479318ns10:OrdinaryShareClass12023-07-012024-06-3005479318ns10:Director22023-07-012024-06-3005479318ns10:CompanySecretary12023-07-012024-06-3005479318ns10:RegisteredOffice2023-07-012024-06-3005479318ns5:CurrentFinancialInstruments2024-06-3005479318ns5:CurrentFinancialInstruments2023-06-3005479318ns5:Non-currentFinancialInstruments2024-06-3005479318ns5:Non-currentFinancialInstruments2023-06-3005479318ns5:ShareCapital2024-06-3005479318ns5:ShareCapital2023-06-3005479318ns5:RetainedEarningsAccumulatedLosses2024-06-3005479318ns5:RetainedEarningsAccumulatedLosses2023-06-3005479318ns5:NetGoodwill2023-07-012024-06-3005479318ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3005479318ns5:PlantMachinery2023-07-012024-06-3005479318ns5:MotorVehicles2023-07-012024-06-3005479318ns5:NetGoodwill2023-06-3005479318ns5:NetGoodwill2024-06-3005479318ns5:NetGoodwill2023-06-3005479318ns5:PlantMachinery2023-06-3005479318ns5:MotorVehicles2023-06-3005479318ns5:PlantMachinery2024-06-3005479318ns5:MotorVehicles2024-06-3005479318ns5:PlantMachinery2023-06-3005479318ns5:MotorVehicles2023-06-3005479318ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005479318ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3005479318ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3005479318ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3005479318ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3005479318ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3005479318ns10:OrdinaryShareClass12024-06-3005479318ns10:Director222023-06-3005479318ns10:Director222022-06-3005479318ns10:Director222023-07-012024-06-3005479318ns10:Director222022-07-012023-06-3005479318ns10:Director222024-06-3005479318ns10:Director222023-06-30
REGISTERED NUMBER: 05479318 (England and Wales)















ADVANCED SATELLITE SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED SATELLITE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: N J Orford





SECRETARY: Mrs A E Orford





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 05479318 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,004 80,505
94,004 80,505

CURRENT ASSETS
Stocks 43,474 146,605
Debtors 6 932,073 730,680
Cash at bank and in hand 60,816 22,541
1,036,363 899,826
CREDITORS
Amounts falling due within one year 7 493,131 414,021
NET CURRENT ASSETS 543,232 485,805
TOTAL ASSETS LESS CURRENT LIABILITIES 637,236 566,310

CREDITORS
Amounts falling due after more than one year 8 56,140 60,064
NET ASSETS 581,096 506,246

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 580,996 506,146
SHAREHOLDERS' FUNDS 581,096 506,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

BALANCE SHEET - continued
30TH JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th March 2025 and were signed by:





Mr N J Orford - Director


ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Advanced Satellite Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 30,000
AMORTISATION
At 1st July 2023
and 30th June 2024 30,000
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2023 141,927 89,653 231,580
Additions 3,051 39,262 42,313
Disposals - (11,000 ) (11,000 )
At 30th June 2024 144,978 117,915 262,893
DEPRECIATION
At 1st July 2023 106,492 44,583 151,075
Charge for year 5,773 20,431 26,204
Eliminated on disposal - (8,390 ) (8,390 )
At 30th June 2024 112,265 56,624 168,889
NET BOOK VALUE
At 30th June 2024 32,713 61,291 94,004
At 30th June 2023 35,435 45,070 80,505

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 545,505 412,855
Other debtors - BC 151,879 151,879
Directors' current accounts 131,975 105,976
VAT 35,227 -
Prepayments 12,517 5,000
877,103 675,710

ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 54,970 54,970

Aggregate amounts 932,073 730,680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,197 14,589
Other creditors 11,000 7,350
Trade creditors 386,746 253,808
Tax 55,914 57,665
PAYE and NIC taxes 15,557 18,531
VAT - 50,888
Credit card 7,717 6,240
Accruals and deferred income 4,000 4,950
493,131 414,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 10,061 20,077
Hire purchase contracts 33,454 28,417
Wages control account - (2,026 )
Pension 1,977 2,948
56,140 60,064

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

ADVANCED SATELLITE SOLUTIONS LIMITED (REGISTERED NUMBER: 05479318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
N J Orford
Balance outstanding at start of year 105,977 165,375
Amounts advanced 25,998 -
Amounts repaid - (59,398 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,975 105,977

The advances to the director in the year were repaid within 9 months of the year end.