Company Registration No. 07744854 (England and Wales)
Accounting Advantage Limited
Unaudited accounts
for the year ended 31 March 2025
Accounting Advantage Limited
Unaudited accounts
Contents
Accounting Advantage Limited
Company Information
for the year ended 31 March 2025
Company Number
07744854 (England and Wales)
Registered Office
57 LEAMINGTON COURT
RESTELL CLOSE
LONDON
SE3 7RD
ENGLAND
Accounting Advantage Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
3,160
11,862
Creditors: amounts falling due within one year
(624)
(312)
Net current assets
10,043
30,386
Called up share capital
1
1
Profit and loss account
10,042
30,385
Shareholders' funds
10,043
30,386
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 6 May 2025 and were signed on its behalf by
Chris Dew
Director
Company Registration No. 07744854
Accounting Advantage Limited
Notes to the Accounts
for the year ended 31 March 2025
Accounting Advantage Limited is a private company, limited by shares, registered in England and Wales, registration number 07744854. The registered office is 57 LEAMINGTON COURT, RESTELL CLOSE, LONDON, SE3 7RD, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2025
2024
Accounting Advantage Limited
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan 1
10,000
-
10,000
-
Directors Loan 2
-
10,000
9,890
110
7
Transactions with related parties
Dividends of £500 were paid to the sole Director (2024: £1,000)
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).