REGISTERED NUMBER: 08244501 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

ADVANCED ECONOMIC DEVELOPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J T Anwyl

REGISTERED OFFICE:

Palings

Cliff Lane

Curbar

Hope Valley

S32 3XD

REGISTERED NUMBER:

08244501 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

51,486

52,699

CURRENT ASSETS

Debtors

5

15,185

785

Cash at bank

10,018

21,355

25,203

22,140

CREDITORS

Amounts falling due within one year

6

60,423

34,534

NET CURRENT LIABILITIES

(35,220

)

(12,394

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,266

40,305

PROVISIONS FOR LIABILITIES

(3,117

)

(3,117

)

ACCRUALS AND DEFERRED INCOME

3,117

3,117

NET ASSETS

16,266

40,305

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

16,264

40,303

16,266

40,305

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

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

The director acknowledges his 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.

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 director and authorised for issue on 27 September 2025 and were signed by:

J T Anwyl - Director

1.	STATUTORY INFORMATION

Advanced Economic Development 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

77,847

Additions

666

At 31 October 2024

78,513

DEPRECIATION

At 1 November 2023

25,148

Charge for year

1,879

At 31 October 2024

27,027

NET BOOK VALUE

At 31 October 2024

51,486

At 31 October 2023

52,699

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

14,400

-

Other debtors

785

785

15,185

785

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

2,040

-

Taxation and social security

41,807

18,019

Other creditors

16,576

16,515

60,423

34,534

7.	ULTIMATE CONTROLLING PARTY

The controlling party is J T Anwyl.