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REGISTERED NUMBER: 05703119 (England and Wales)












Financial Statements

for the Year Ended 31st October 2024

for

ADVANCED PRESERVATIONS LIMITED

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Contents of the Financial Statements
for the year ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCED PRESERVATIONS LIMITED

Company Information
for the year ended 31st October 2024







DIRECTORS: Mrs N Bulley
P Reay
C Reay
N R Wells





SECRETARY: Mrs L K Reay





REGISTERED OFFICE: 2 Station Approach
Ash Vale
Hampshire
GU12 5LP





REGISTERED NUMBER: 05703119 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Balance Sheet
31st October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,000 96,000
Tangible assets 5 162,919 137,275
246,919 233,275

CURRENT ASSETS
Stocks 6 25,868 18,685
Debtors 7 284,117 161,890
Cash at bank and in hand 539,776 416,469
849,761 597,044
CREDITORS
Amounts falling due within one year 8 819,499 614,068
NET CURRENT ASSETS/(LIABILITIES) 30,262 (17,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,181

216,251

CREDITORS
Amounts falling due after more than one year 9 (57,773 ) (56,824 )

PROVISIONS FOR LIABILITIES (34,914 ) (28,083 )
NET ASSETS 184,494 131,344

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 184,394 131,244
SHAREHOLDERS' FUNDS 184,494 131,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Balance Sheet - continued
31st October 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 10th July 2025 and were signed on its behalf by:





P Reay - Director


ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Notes to the Financial Statements
for the year ended 31st October 2024


1. STATUTORY INFORMATION

Advanced Preservations Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Notes to the Financial Statements - continued
for the year ended 31st October 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 180,000
AMORTISATION
At 1st November 2023 84,000
Amortisation for year 12,000
At 31st October 2024 96,000
NET BOOK VALUE
At 31st October 2024 84,000
At 31st October 2023 96,000

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Notes to the Financial Statements - continued
for the year ended 31st October 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st November 2023 14,876 11,776 52,751 344,376 423,779
Additions - 1,898 2,512 75,824 80,234
Disposals - - - (20,950 ) (20,950 )
At 31st October 2024 14,876 13,674 55,263 399,250 483,063
DEPRECIATION
At 1st November 2023 7,880 9,579 40,961 228,084 286,504
Charge for year 698 1,024 3,575 47,561 52,858
Eliminated on disposal - - - (19,218 ) (19,218 )
At 31st October 2024 8,578 10,603 44,536 256,427 320,144
NET BOOK VALUE
At 31st October 2024 6,298 3,071 10,727 142,823 162,919
At 31st October 2023 6,996 2,197 11,790 116,292 137,275

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st November 2023 195,363
Additions 59,329
At 31st October 2024 254,692
DEPRECIATION
At 1st November 2023 114,593
Charge for year 35,025
At 31st October 2024 149,618
NET BOOK VALUE
At 31st October 2024 105,074
At 31st October 2023 80,770

6. STOCKS
31/10/24 31/10/23
£    £   
Stocks 11,992 8,685
Work-in-progress 13,876 10,000
25,868 18,685

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Notes to the Financial Statements - continued
for the year ended 31st October 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 142,620 134,379
Other debtors 13,000 23,685
Directors' current accounts 123,084 -
Prepayments 5,413 3,826
284,117 161,890

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 38,861 31,142
Trade creditors 163,354 151,702
Tax 43,876 70,190
Social security and other taxes 37,946 35,467
VAT 53,602 48,967
Other creditors 425,444 233,379
Directors' current accounts 6,000 15,451
Accruals and deferred income 20,000 20,000
Accrued expenses 30,416 7,770
819,499 614,068

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 57,773 56,824

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
25 Ordinary A £1 20 20
25 Ordinary B £1 20 20
25 Ordinary C £1 20 20
60 60

Allotted and issued:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
25 Ordinary £1 40 40

ADVANCED PRESERVATIONS LIMITED (REGISTERED NUMBER: 05703119)

Notes to the Financial Statements - continued
for the year ended 31st October 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st October 2024 and the period ended 31st October 2023:

31/10/24 31/10/23
£    £   
P Reay
Balance outstanding at start of year - -
Amounts advanced 123,084 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,084 -

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.