General Information
Advance Facilities Solutions Ltd is a private company, limited by shares, registered in , registration number 08042310, registration address Unit 10, St Laurence Avenue, Twenty twenty Industrial Estate, Maidstone, Kent, ME16 0LL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Basis of preparation
Statement of compliance These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added taxes.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from good will or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled, or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives on the following basis:
| Land and Buildings |
0% Straight Line |
| Plant and Machinery |
10% Reducing Balance
|
| Motor Vehicles |
15% Reducing Balance
|
| Fixtures and Fittings |
10% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
23,500 |
|
23,500 |
| Additions |
37,971 |
|
37,971 |
| Disposals |
(37,971) |
|
(37,971) |
| At 31 March 2025 |
23,500 |
|
23,500 |
| Amortisation |
| At 01 April 2024 |
23,500 |
|
23,500 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 March 2025 |
23,500 |
|
23,500 |
| Net book values |
| At 31 March 2025 |
- |
|
- |
| At 31 March 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
- |
|
1 |
|
66,181 |
|
224,222 |
|
2,269 |
|
292,673 |
| Additions |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
(1) |
|
(66,181) |
|
(224,222) |
|
(2,269) |
|
(292,673) |
| At 31 March 2025 |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| Depreciation |
| At 01 April 2024 |
(1) |
|
- |
|
30,601 |
|
111,086 |
|
567 |
|
142,253 |
| Charge for year |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| On disposals |
- |
|
- |
|
(30,601) |
|
(111,086) |
|
(567) |
|
(142,254) |
| At 31 March 2025 |
(1) |
|
- |
|
- |
|
- |
|
- |
|
(1) |
| Net book values |
| Closing balance as at 31 March 2025 |
1 |
|
- |
|
- |
|
- |
|
- |
|
1 |
| Opening balance as at 01 April 2024 |
- |
|
1 |
|
35,580 |
|
113,136 |
|
1,702 |
|
150,419 |
|
3
|