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REGISTERED NUMBER: 07499177 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ADVANCE FINANCE & LEASING LTD

ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ADVANCE FINANCE & LEASING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: P Carlin





REGISTERED OFFICE: 406 Chadwick House
Birchwood Park
Birchwood
Warrington
Cheshire
WA3 6AE





REGISTERED NUMBER: 07499177 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 12,900 17,200
Tangible assets 5 281,031 467,709
293,931 484,909

CURRENT ASSETS
Debtors 6 86,994 128,608
Cash at bank and in hand 138,874 110,618
225,868 239,226
CREDITORS
Amounts falling due within one year 151,574 109,781
NET CURRENT ASSETS 74,294 129,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,225

614,354

CREDITORS
Amounts falling due after more than one
year

(17,417

)

(37,417

)

PROVISIONS FOR LIABILITIES (70,258 ) (88,865 )
NET ASSETS 280,550 488,072

CAPITAL AND RESERVES
Called up share capital 10 20
Capital redemption reserve 20 10
Retained earnings 280,520 488,042
SHAREHOLDERS' FUNDS 280,550 488,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:




S Birch - Director



P Carlin - Director


ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Advance Finance & Leasing Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 etc - Over the period of the lease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 21,793
AMORTISATION
At 1 October 2023 4,593
Amortisation for year 4,300
At 30 September 2024 8,893
NET BOOK VALUE

At 30 September 2024 12,900
At 30 September 2023 17,200

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 2,495,100
Additions 121,901
At 30 September 2024 2,617,001
DEPRECIATION
At 1 October 2023 2,027,391
Charge for year 308,579
At 30 September 2024 2,335,970
NET BOOK VALUE
At 30 September 2024 281,031
At 30 September 2023 467,709

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Amounts receivable in respect of hire
purchase contracts

2,983

35,404

ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30/9/24 30/9/23
£    £   
S Birch and P Carlin
Balance outstanding at start of year (11,250 ) (132,500 )
Amounts advanced 11,250 121,250
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (11,250 )

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ADVANCE FINANCE & LEASING LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Advance Finance & Leasing Ltd for the year ended 30 September 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Advance Finance & Leasing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Advance Finance & Leasing Ltd and state those matters that we have agreed to state to the director of Advance Finance & Leasing Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advance Finance & Leasing Ltd and its director for our work or for this report.

It is your duty to ensure that Advance Finance & Leasing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Advance Finance & Leasing Ltd. You consider that Advance Finance & Leasing 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 financial statements of Advance Finance & Leasing 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 financial statements.






Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL


5 June 2025