Advocate Finance Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05579380

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		20,000		20,000
Tangible Assets	5		44,565		51,142

			64,565		71,142
CURRENT ASSETS
Debtors	6	26,229		19,391
Investments	7	1,000		248,000
Cash at bank and in hand		548,580		158,052

		575,809		425,443
Creditors: Amounts Falling Due Within One Year	8	(67,324 )		(23,625 )

NET CURRENT ASSETS (LIABILITIES)			508,485		401,818

TOTAL ASSETS LESS CURRENT LIABILITIES			573,050		472,960

Creditors: Amounts Falling Due After More Than One Year	9		(24,500 )		(30,500 )

NET ASSETS			548,550		442,460

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Share premium account			4,000		4,000
Profit and Loss Account			543,550		437,460

SHAREHOLDERS' FUNDS			548,550		442,460

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Advocate Finance Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Tonks

Director

24th April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Advocate Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05579380 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.

Goodwill is not subject to an annual depreciation charge. The value of goodwill is reviewed at the end of each financial period and an amortisiation charge is applied if necessary.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	1/3 of cost per year
Motor Vehicles	20% of net book value per year
Fixtures & Fittings	10% of cost per year

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Advocate Finance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 7)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	20,000

As at 31 March 2025	20,000

Net Book Value
As at 31 March 2025	20,000

As at 1 April 2024	20,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	87,596	61,090	9,019	157,705
Additions	7,569	-	-	7,569

As at 31 March 2025	95,165	61,090	9,019	165,274

Depreciation
As at 1 April 2024	83,669	21,992	902	106,563
Provided during the period	5,424	7,820	902	14,146

As at 31 March 2025	89,093	29,812	1,804	120,709

Net Book Value
As at 31 March 2025	6,072	31,278	7,215	44,565

As at 1 April 2024	3,927	39,098	8,117	51,142

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Advocate Finance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,100	3,650
Prepayments and accrued income	16,880	11,492
Rent deposit	4,249	4,249

	26,229	19,391

7. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	1,000	248,000

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	6,000	6,000
Corporation tax	58,394	14,993
Pension creditor	792	709
Accruals and deferred income	2,138	1,867
Director's loan account	-	56

	67,324	23,625

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	24,500	30,500

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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