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Advanced Business Software Limited
Registered Number:04731426
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
Advanced Business Software Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04731426
As at 31 March 2025
Advanced Business Software Limited
Statement of Financial Position
£
£
2024
2025
Notes
Current assets
Trade and other receivables
14,249
7,527
2
34
Cash and cash equivalents
668
8,195
14,283
Trade and other payables: amounts falling due within one
year
(29,923)
(39,220)
3
(15,640)
(31,025)
Net current liabilities
Total assets less current liabilities
(31,025)
(15,640)
Trade and other payables: amounts falling due after more
than one year
(8,221)
-
4
(31,025)
Net liabilities
(23,861)
Capital and reserves
Called up share capital
2
2
Retained earnings
(31,027)
(23,863)
(31,025)
(23,861)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr James Wright-Anderson Director
These financial statements were approved and authorised for issue by the Board on 24 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2025
Advanced Business Software Limited
Notes to the Financial Statements
Statutory Information
Advanced Business Software Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04731426.
Principal place of business:
Channel Court
8 Hill Road
Clevedon
Somerset
BS21 7NE
Registered address:
5 Whytecliffe Road South
Purley
Surrey
England
CR8 2AY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Office Equipment
2. Trade and other receivables
2024
2025
£
£
Trade debtors
7,527
5,897
Other debtors
-
8,352
14,249
7,527
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5
For the year ended 31 March 2025
Advanced Business Software Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft (secured)
8,344
1,848
Trade creditors
2,070
1,859
Taxation and social security
26,663
20,712
Other creditors
2,143
5,504
39,220
29,923
4. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft (secured)
-
8,221
5. Directors advances and guarantees
Going Concern
In view of the departure of the key staff member together with a reduced level of activity; the company's ability to
continue as a going concern is dependent on the outcome of discussions with the principal software provider.
These accounts have not been prepared on the going concern basis.
6. Average number of persons employed
During the year the average number of employees was 0 (2024 : 1)
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