REGISTERED NUMBER: 02341404 (England and Wales)

Audited Financial Statements

for the Year Ended 31 March 2025

for

Advanced Expert Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D Grigoriu

C M Grigoriu

M S Grigoriu

SECRETARY:

Mrs D Grigoriu

REGISTERED OFFICE:

Woburn House

Vernon Gate

Derby

DE1 1UL

REGISTERED NUMBER:

02341404 (England and Wales)

AUDITORS:

Mabe Allen LLP

Chartered Accountants & Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

FIXED ASSETS

Tangible assets

4

7,363

9,555

Investments

5

1,994,656

1,959,656

2,002,019

1,969,211

CURRENT ASSETS

Stocks

6

4,323

24,981

Debtors

7

314,205

422,129

Cash at bank

730,476

621,738

1,049,004

1,068,848

CREDITORS

Amounts falling due within one year

8

214,265

329,303

NET CURRENT ASSETS

834,739

739,545

TOTAL ASSETS LESS CURRENT LIABILITIES

2,836,758

2,708,756

PROVISIONS FOR LIABILITIES

1,319

1,772

NET ASSETS

2,835,439

2,706,984

CAPITAL AND RESERVES

Called up share capital

10

250,000

250,000

Retained earnings

2,585,439

2,456,984

SHAREHOLDERS' FUNDS

2,835,439

2,706,984

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

C M Grigoriu - Director

Mrs D Grigoriu - Director

1.	STATUTORY INFORMATION

Advanced Expert Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Principal accounting policies

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Advanced Expert Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group, on the basis of the group qualifying as a small group.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, adjusted for movements in uninvoiced work completed on long term contracts.

Income arising from grants is recognised on a time basis, in line with the associated salary costs relating to the performance of the relevant project.

Tangible fixed assets

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

Improvements to property

-

2.5% per annum on cost

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Research & development

Development costs incurred on specific projects are capitalised when recoverability can be assessed with reasonable certainty and amortised in line with expected use arising from the projects. Where development costs have previously been capitalised but their recoverability is no longer certain, these costs are written off immediately.

All other development costs are written off in the year of expenditure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

17,034

122,788

25,009

164,831

DEPRECIATION

At 1 April 2024

17,034

115,505

22,737

155,276

Charge for year

-

729

1,463

2,192

At 31 March 2025

17,034

116,234

24,200

157,468

NET BOOK VALUE

At 31 March 2025

-

6,554

809

7,363

At 31 March 2024

-

7,283

2,272

9,555

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Investments in subsidiaries

818

818

Debenture holdings

1,993,838

1,958,838

1,994,656

1,959,656

Additional information is as follows:

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

818

NET BOOK VALUE

At 31 March 2025

818

At 31 March 2024

818

Debenture

holdings

£

At 1 April 2024

1,958,838

New in year

35,000

At 31 March 2025

1,993,838

These financial statements refer only to the parent undertaking. The company is exempt from preparing group accounts as the group meets the criteria of a small group.

6.

STOCKS

2025

2024

£

£

Stocks

4,323

21,381

Work-in-progress

-

3,600

4,323

24,981

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

166,767

195,607

Amounts recoverable on contract

-

13,000

Other debtors

-

756

Corporation tax

-

62,702

Prepayments and accrued income

112,438

150,064

279,205

422,129

Amounts falling due after more than one year:

Trade debtors

35,000

-

Aggregate amounts

314,205

422,129

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

26,683

103,475

Corporation tax

663

-

Social security and other taxes

39,788

52,821

Other creditors

296

2,506

Directors' current accounts

2,031

1,856

Accruals and deferred income

144,804

168,645

214,265

329,303

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

14,000

-

Between one and five years

14,000

-

28,000

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

250,000

Ordinary

£1

250,000

250,000

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

The Report of the Auditors was unqualified.

Kevin Slack (Senior Statutory Auditor)

for and on behalf of Mabe Allen LLP