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REGISTERED NUMBER: 02990563 (England and Wales)









ADVANCED THINKING SYSTEMS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






ADVANCED THINKING SYSTEMS LTD (REGISTERED NUMBER: 02990563)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADVANCED THINKING SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D A Bowden
S B Clark
C C Evans
M J Howie





REGISTERED OFFICE: 100 Nest Business Park Martin Road
Havant
Hants
PO9 5TL





REGISTERED NUMBER: 02990563 (England and Wales)





AUDITORS: MC Audit Limited
Statutory Auditors
Station House
North Street
Havant
Hampshire
PO9 1QU

ADVANCED THINKING SYSTEMS LTD (REGISTERED NUMBER: 02990563)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 324,731 275,048
Tangible assets 5 1,124,277 1,073,359
1,449,008 1,348,407

CURRENT ASSETS
Stocks 101,134 152,236
Debtors 6 2,094,266 3,078,856
Cash at bank 590,563 568,425
2,785,963 3,799,517
CREDITORS
Amounts falling due within one year 7 857,904 955,179
NET CURRENT ASSETS 1,928,059 2,844,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,377,067

4,192,745

CREDITORS
Amounts falling due after more than one
year

8

(277,813

)

-

PROVISIONS FOR LIABILITIES (298,879 ) (259,818 )
NET ASSETS 2,800,375 3,932,927

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 39,800 39,800
Retained earnings 2,759,575 3,892,127
2,800,375 3,932,927

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 29 August 2025 and were signed on its behalf by:





D A Bowden - Director


ADVANCED THINKING SYSTEMS LTD (REGISTERED NUMBER: 02990563)

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

1. STATUTORY INFORMATION

Advanced Thinking Systems 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Intangible fixed assets and amortisation - intellectual property
Intellectual property assets relate to rights acquired from third parties and are capitalised on acquisition.

It is amortised to the profit and loss account over its estimated economic life of 10 years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their
estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery - 25% on cost or over the term of the contract/lease
Motor Vehicles - 20% on cost
Fixtures & Fittings - 20%, 25% and 33.3% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

ADVANCED THINKING SYSTEMS LTD (REGISTERED NUMBER: 02990563)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

Research and development
Development costs are capitalised when:

- It is separable, or capable of being separated or divided from the entity and sold, transferred, licensed, - rented, exchanged, either individually or together with a related contract, asset or liability; or
- It arises from contractual or other legal rights, regardless of whether those rights are transferable or - separable from the entity or from other rights and obligations.
- it is probable that the expected future economic benefits will flow to the entity.
- the cost or value of the asset can be measured reliably.

Amortisation: Development costs - 10 years on cost

ADVANCED THINKING SYSTEMS LTD (REGISTERED NUMBER: 02990563)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Hire purchase and leasing commitments
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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 36 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
Goodwill licences costs Totals
£    £    £    £   
COST
At 1 December 2023 1 1 419,566 419,568
Additions - - 91,990 91,990
At 30 November 2024 1 1 511,556 511,558
AMORTISATION
At 1 December 2023 - - 144,520 144,520
Amortisation for year - - 42,307 42,307
At 30 November 2024 - - 186,827 186,827
NET BOOK VALUE
At 30 November 2024 1 1 324,729 324,731
At 30 November 2023 1 1 275,046 275,048

ADVANCED THINKING SYSTEMS LTD (REGISTERED NUMBER: 02990563)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 3,684,934 140,036 18,282 3,843,252
Additions 464,033 18,799 - 482,832
Disposals (1,120,345 ) - - (1,120,345 )
At 30 November 2024 3,028,622 158,835 18,282 3,205,739
DEPRECIATION
At 1 December 2023 2,648,342 105,375 16,176 2,769,893
Charge for year 410,193 20,180 1,541 431,914
Eliminated on disposal (1,120,345 ) - - (1,120,345 )
At 30 November 2024 1,938,190 125,555 17,717 2,081,462
NET BOOK VALUE
At 30 November 2024 1,090,432 33,280 565 1,124,277
At 30 November 2023 1,036,592 34,661 2,106 1,073,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234,873 309,738
Amounts owed by group undertakings 1,514,252 2,659,598
Other debtors 345,141 109,520
2,094,266 3,078,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account - 227,654
Trade creditors 18,929 49,077
Taxation and social security 459,331 185,369
Other creditors 379,644 493,079
857,904 955,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 277,813 -

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Underwood FCCA (Senior Statutory Auditor)
for and on behalf of MC Audit Limited