Registration number: 11717448

ADVANTAGE8020 Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

ADVANTAGE8020 Limited

Company Information

Directors

Mr Craig Delahoy Mrs Sophie Alexandra Harker

Registered office

3 The Sidings Moulton Spalding Lincs PE12 6QT

Accountants

Cannon Williamson Chartered Certified AccountantsAlbion House 32 Pinchbeck Road Spalding Lincolnshire PE11 1QD

ADVANTAGE8020 Limited

(Registration number: 11717448)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed Assets
Tangible Assets	4	352	498
Current assets
Debtors	5	5,125	7,798
Cash at bank and in hand		337	3,144
		5,462	10,942
Creditors: Amounts falling due within one year	6	(23,765)	(14,352)
Net current liabilities		(18,303)	(3,410)
Total assets less current liabilities		(17,951)	(2,912)
Creditors: Amounts falling due after more than one year	6	-	(2,920)
Net liabilities		(17,951)	(5,832)
Capital and Reserves
Called up share capital	7	2	2
Retained Earnings		(17,953)	(5,834)
Shareholders' deficit		(17,951)	(5,832)

For the financial year ending 31 December 2024 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 and 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 17 September 2025 and signed on its behalf by:
 

......................................... Mrs Sophie Alexandra Harker Director

ADVANTAGE8020 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
3 The Sidings
Moulton
Spalding
Lincs
PE12 6QT
United Kingdom

These financial statements were authorised for issue by the Board on 17 September 2025.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

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.

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:

ADVANTAGE8020 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Asset class	Depreciation method and rate
Office equipment	15% reducing balance

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.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

ADVANTAGE8020 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible Assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	729	729
At 31 December 2024	729	729
Depreciation
At 1 January 2024	231	231
Charge for the year	146	146
At 31 December 2024	377	377
Carrying amount
At 31 December 2024	352	352
At 31 December 2023	498	498

5

Debtors

Current	2024 £	2023 £
Trade Debtors	5,124	7,797
Other debtors	1	1
	5,125	7,798

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	2,925	2,733
Trade Creditors		8,345	3,399
Taxation and social security		5,870	6,156
Accruals and deferred income		1,325	1,260
Other creditors		5,300	804
		23,765	14,352

Creditors: amounts falling due after more than one year

ADVANTAGE8020 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6	Creditors (continued)

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	-	2,920

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Share Class One of £1 each	2	2	2	2

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	2,920

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	2,925	2,733

9	Related party transactions

ADVANTAGE8020 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9	Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	3,034	9,104