Company Registration No. 10333420 (England and Wales)
Advanced Services Ltd
Unaudited accounts
for the year ended 31 August 2024
Advanced Services Ltd
Company Information
for the year ended 31 August 2024
Directors
Mr. Ben John Wells
Mr Nathan Paul Woodrow
Company Number
10333420 (England and Wales)
Registered Office
Hawthorns
Tunstead Road
Norwich
Norfolk
NR12 8QN
England
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Advanced Services Ltd
Accountants' report
Accountants' report to the board of directors of Advanced Services Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Advanced Services Ltd for the year ended
31 August 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Advanced Services Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Advanced Services Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanced Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Advanced Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Advanced Services Ltd. You consider that Advanced Services Ltd 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 accounts of Advanced Services Ltd. 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 accounts.
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
28 May 2025
Advanced Services Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
215,693
197,969
Cash at bank and in hand
413,903
230,683
Creditors: amounts falling due within one year
(205,500)
(92,499)
Net current assets
607,143
588,748
Total assets less current liabilities
822,836
786,717
Creditors: amounts falling due after more than one year
(44,988)
(40,143)
Provisions for liabilities
Deferred tax
(40,982)
(37,614)
Net assets
736,866
708,960
Called up share capital
22
22
Profit and loss account
736,844
708,938
Shareholders' funds
736,866
708,960
For the year ending 31 August 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by
Mr Nathan Paul Woodrow
Director
Company Registration No. 10333420
Advanced Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
Advanced Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10333420. The registered office is Hawthorns, Tunstead Road, Norwich, Norfolk, NR12 8QN, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing Balance Method
Motor vehicles
25% - Reducing Balance Method
Computer equipment
33% - Straight Line Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Advanced Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
82,795
217,848
6,779
307,422
Additions
3,143
74,063
5,658
82,864
At 31 August 2024
85,938
291,911
12,437
390,286
At 1 September 2023
23,760
82,740
2,953
109,453
Charge for the year
15,380
47,155
2,605
65,140
At 31 August 2024
39,140
129,895
5,558
174,593
At 31 August 2024
46,798
162,016
6,879
215,693
At 31 August 2023
59,035
135,108
3,826
197,969
Amounts falling due within one year
Trade debtors
83,931
134,831
Accrued income and prepayments
4,234
3,366
Amounts falling due after more than one year
Other debtors
304,105
301,317
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
10,648
Obligations under finance leases and hire purchase contracts
34,575
11,277
Trade creditors
52,144
12,695
Taxes and social security
5,047
32,280
Other creditors
1,504
1,466
Loans from directors
26,133
8,600
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,574
21,694
Advanced Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
22 Ordinary shares of £1 each
22
22
9
Transactions with related parties
Advanced Property Services Ltd
A related party by virtue of it having common directors; Mr Ben Wells and Mr Nathan Woodrow. A loan of £301,317 is included in note 6. This loan has a rolling notice period, and notice has not been given to be repaid.
The Company is Controlled by the Directors who own 91% of the Called-up Share Capital.
11
Average number of employees
During the year the average number of employees was 7 (2023: 7).