REGISTERED NUMBER: 04198766 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

ADVO ONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

L Bulmer

C Boxall

SECRETARY:

L Bulmer

REGISTERED OFFICE:

Cobdown House

London Road

Maidstone

ME20 6DQ

REGISTERED NUMBER:

04198766 (England and Wales)

ACCOUNTANTS:

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

FIXED ASSETS

Intangible assets

4

844,941

978,918

Tangible assets

5

106,931

68,582

Investments

6

-

-

951,872

1,047,500

CURRENT ASSETS

Debtors

7

237,996

123,575

Cash at bank

19,861

-

257,857

123,575

CREDITORS

Amounts falling due within one year

8

3,802,101

1,138,641

NET CURRENT LIABILITIES

(3,544,244

)

(1,015,066

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,592,372

)

32,434

CREDITORS

Amounts falling due after more than one year

9

13,363

1,097,605

NET LIABILITIES

(2,605,735

)

(1,065,171

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,605,835

)

(1,065,271

)

SHAREHOLDERS' FUNDS

(2,605,735

)

(1,065,171

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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.

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 23 December 2025 and were signed on its behalf by:

L Bulmer - Director

1.	STATUTORY INFORMATION

advo One 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

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.

Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of contracts for the sale of professional services and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised from the provision of services as the value of professional services provided is delivered to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on delivery or when cash payment has been made to the company.

When the outcome of a services contract can be estimated reliably, contract revenue and associated expenditure are recognised by reference to the stage of completion of the contract at the reporting date.

When the outcome of a services contract cannot be estimated reliably, contract revenue shall only be recognised to the extent of the amount of associated expenditure incurred and it is probable that the contract revenue will be recoverable.

Provision will be made for all losses arising from a services contract where it is probable that current and future contract expenditure exceeds contract revenue.

Any income which is unbilled at the reporting date is included as accrued income within Debtors and any prepaid income is included as deferred income within Creditors.

Revenue is recognised net of returns and of trade discounts but includes expenses and disbursements and is shown exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, was being amortised over its estimated useful life of 20 years. After a review of the useful life, this was amended to 5 years in 2016.

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.

IP Licence is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 31 (2023 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

IP

Goodwill

Licence

Totals

£

£

£

COST

At 31 December 2023

and 30 December 2024

1,328,368

36,000

1,364,368

AMORTISATION

At 31 December 2023

360,700

24,750

385,450

Amortisation for year

124,977

9,000

133,977

At 30 December 2024

485,677

33,750

519,427

NET BOOK VALUE

At 30 December 2024

842,691

2,250

844,941

At 30 December 2023

967,668

11,250

978,918

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 December 2023

16,909

35,473

-

82,220

134,602

Additions

3,818

11,504

81,023

12,997

109,342

Disposals

-

(3,164

)

(31,420

)

(690

)

(35,274

)

At 30 December 2024

20,727

43,813

49,603

94,527

208,670

DEPRECIATION

At 31 December 2023

14,402

10,154

-

41,464

66,020

Charge for year

1,594

8,435

12,401

13,289

35,719

At 30 December 2024

15,996

18,589

12,401

54,753

101,739

NET BOOK VALUE

At 30 December 2024

4,731

25,224

37,202

39,774

106,931

At 30 December 2023

2,507

25,319

-

40,756

68,582

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Computer

equipment

£

COST

At 31 December 2023

and 30 December 2024

59,935

DEPRECIATION

At 31 December 2023

26,222

Charge for year

8,428

At 30 December 2024

34,650

NET BOOK VALUE

At 30 December 2024

25,285

At 30 December 2023

33,713

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertak-

ings

£

COST

Additions

648,386

Disposals

(648,386

)

At 30 December 2024

-

NET BOOK VALUE

At 30 December 2024

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade debtors

77,961

52,859

Other debtors

75,832

1,650

Corporation tax

100

-

Prepayments and accrued income

84,103

69,066

237,996

123,575

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Bank loans and overdrafts

-

87,544

Hire purchase contracts (see note 10)

8,686

14,984

Trade creditors

90,625

164,235

Amounts owed to group undertakings

2,888,273

526,724

Corporation tax

-

19,069

Social security and other taxes

91,689

-

VAT

189,258

-

Other creditors

513,603

278,968

Accrued expenses

19,967

47,117

3,802,101

1,138,641

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.24

30.12.23

£

£

Bank loans - 2-5 years

-

1,078,875

Hire purchase contracts (see note 10)

13,363

18,730

13,363

1,097,605

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.12.24

30.12.23

£

£

Net obligations repayable:

Within one year

8,686

14,984

Between one and five years

13,363

18,730

22,049

33,714

11.	SECURED DEBTS

The company has given a fixed and floating charge dated 1 October 2019 over all of the assets of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of advo One Limited for the year ended 30 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of advo One Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of advo One Limited and state those matters that we have agreed to state to the Board of Directors of advo One Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than advo One Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that advo One Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of advo One Limited. You consider that advo One Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of advo One Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BSR Bespoke Chartered Accountants

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

29 December 2025