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Registration number: 04541666

Advantiv Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Advantiv Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Advantiv Limited

(Registration number: 04541666)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

256,024

256,645

Current assets

 

Stocks

6

34,939

51,749

Debtors

7

3,017,784

2,313,431

Cash at bank and in hand

 

1,901,635

1,681,307

 

4,954,358

4,046,487

Creditors: Amounts falling due within one year

8

(1,822,514)

(2,050,994)

Net current assets

 

3,131,844

1,995,493

Total assets less current liabilities

 

3,387,868

2,252,138

Provisions for liabilities

(19,613)

(19,613)

Net assets

 

3,368,255

2,232,525

Capital and reserves

 

Called up share capital

13,200

13,200

Share premium reserve

1,530

1,530

Capital redemption reserve

6,600

6,600

Revaluation reserve

89,717

89,717

Retained earnings

3,257,208

2,121,478

Shareholders' funds

 

3,368,255

2,232,525

 

Advantiv Limited

(Registration number: 04541666)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 June 2025 and signed on its behalf by:
 

.........................................
A T Burgess
Company secretary and director

 

Advantiv Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9 Kingfisher Court
Hambridge Road
Newbury
Berkshire
RG14 5SJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the supply of industrial parts and services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

With the exception of Freehold Property, tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Freehold Property is held at fair value, and is subject to annual impairment review.

 

Advantiv Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

33.33% straight line

Fixtures and fittings

33.33% and 20% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for industrials parts sold and services provided in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2025

2024

£

£

Corporation tax

524,224

322,499

Deferred tax

-

-

524,224

322,499

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2024 - 17).

 

Advantiv Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2024

250,000

104,129

354,129

Additions

-

5,257

5,257

Disposals

-

(1,169)

(1,169)

At 28 February 2025

250,000

108,217

358,217

Depreciation

At 1 March 2024

-

97,484

97,484

Charge for the year

-

4,709

4,709

At 28 February 2025

-

102,193

102,193

Carrying amount

At 28 February 2025

250,000

6,024

256,024

At 29 February 2024

250,000

6,645

256,645

Included within the net book value of land and buildings above is £250,000 (2024 - £250,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's freehold land and buildings was revalued on 28 February 2022. An independent valuer was not involved.
The valuation was undertaken by the directors who have experience of similar buildings in this area, and was valued at market value on existing use basis.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £171,549 (2024 - £171,549).

6

Stocks

2025
£

2024
£

Other inventories

34,939

51,749

 

Advantiv Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Debtors

Current

2025
£

2024
£

Trade debtors

2,864,010

2,242,443

Prepayments

127,137

10,469

Other debtors

26,637

60,519

 

3,017,784

2,313,431

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

992,247

1,426,229

Taxation and social security

723,454

469,337

Other creditors

106,813

155,428

1,822,514

2,050,994

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

5,279

14,079

 

Advantiv Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

10

Related party transactions

Transactions with directors

2025

At 1 March 2024
£

Other payments made to company by director
£

At 28 February 2025
£

A T Burgess

Directors Loan

(2,628)

(2,509)

(5,137)

A J Crouch

Directors Loan

(2,684)

(2,431)

(5,115)

2024

At 1 March 2023
£

Repayments by director
£

Other payments made to company by director
£

At 29 February 2024
£

A T Burgess

Directors Loan

(6,080)

6,080

(2,628)

(2,628)

A J Crouch

Directors Loan

(8,571)

8,571

(2,684)

(2,684)

Other transactions with directors

Duing the year the directors made short term loans to the company. The loans are repayable on demand.. At the balance sheet date the amount due to the directors was £10,252 (2024: £5,312).