REGISTERED NUMBER: 05380919 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ADVANTA BUSINESS SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Diomedou

R I King

A Alihodzic

SECRETARY:

Mrs A J Diomedou

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

05380919 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,536

8,175

4,536

8,175

CURRENT ASSETS

Stocks

500

500

Debtors

373,355

336,663

Investments

1

-

Cash at bank

130,924

106,598

504,780

443,761

CREDITORS

Amounts falling due within one year

297,743

256,072

NET CURRENT ASSETS

207,037

187,689

TOTAL ASSETS LESS CURRENT LIABILITIES

211,573

195,864

CREDITORS

Amounts falling due after more than one year

6

(24,529

)

(30,055

)

PROVISIONS FOR LIABILITIES

8

(1,059

)

(1,955

)

NET ASSETS

185,985

163,854

CAPITAL AND RESERVES

Called up share capital

1,758

1,758

Retained earnings

184,227

162,096

SHAREHOLDERS' FUNDS

185,985

163,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 December 2025 and were signed on its behalf by:

R I King - Director

P Diomedou - Director

1.	STATUTORY INFORMATION

Advanta Business Services 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 represents net invoiced sales of accountancy services, excluding value added tax, and is recognised by reference to the stage of completion of the contract..

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.

Furniture,fittings & equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Hire purchase and leasing commitments

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 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

162,468

AMORTISATION

At 1 April 2024

and 31 March 2025

162,468

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

63,526

Additions

3,617

Disposals

(24,310

)

At 31 March 2025

42,833

DEPRECIATION

At 1 April 2024

55,351

Charge for year

5,131

Eliminated on disposal

(22,185

)

At 31 March 2025

38,297

NET BOOK VALUE

At 31 March 2025

4,536

At 31 March 2024

8,175

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

998

7,103

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

31,758

28,980

Between one and five years

17,731

43,470

49,489

72,450

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated (decelerated)

capital allowances

1,059

1,955

1,059

1,955

Deferred

tax

£

Balance at 1 April 2024

1,955

Utilised during year

(896

)

Balance at 31 March 2025

1,059

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of Advanta Business Services Holdings Limited. Advanta Business Services Holdings Limited is exempt by virtue of section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. Copies of the financial statements for Advanta Business Services Holdings Limited can be obtained from Companies House in the United Kingdom.