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Company Registration No. 14983187 (England and Wales)
Advantage Technical Ltd Unaudited accounts for the year ended 31 July 2025
Advantage Technical Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Advantage Technical Ltd Company Information for the year ended 31 July 2025
Directors
Craig Downing William Hornby
Company Number
14983187 (England and Wales)
Registered Office
82 King Street Manchester M2 4WQ England
- 3 -
Advantage Technical Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
87,308
384
Current assets
Debtors
5
142,332
62,538
Cash at bank and in hand
6,480
17,249
148,812
79,787
Creditors: amounts falling due within one year
6
(157,327)
(63,742)
Net current (liabilities)/assets
(8,515)
16,045
Total assets less current liabilities
78,793
16,429
Creditors: amounts falling due after more than one year
7
(57,608)
-
Provisions for liabilities
Deferred tax
(16,589)
-
Net assets
4,596
16,429
Capital and reserves
Called up share capital
10
10
Profit and loss account
4,586
16,419
Shareholders' funds
4,596
16,429
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by
Craig Downing Director Company Registration No. 14983187
- 4 -
Advantage Technical Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Advantage Technical Ltd is a private company, limited by shares, registered in England and Wales, registration number 14983187. The registered office is 82 King Street, Manchester, M2 4WQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 5 July 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 10 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Method
Motor vehicles
25% Straight Line Method
Computer equipment
25% Straight Line Method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Advantage Technical Ltd Notes to the Accounts for the year ended 31 July 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
-
-
408
408
Additions
14,101
79,993
588
94,682
At 31 July 2025
14,101
79,993
996
95,090
Depreciation
At 1 August 2024
-
-
24
24
Charge for the year
739
6,880
139
7,758
At 31 July 2025
739
6,880
163
7,782
Net book value
At 31 July 2025
13,362
73,113
833
87,308
At 31 July 2024
-
-
384
384
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
102,041
62,382
Accrued income and prepayments
220
156
Other debtors
40,071
-
142,332
62,538
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
9,093
20,898
Obligations under finance leases and hire purchase contracts
16,980
-
Trade creditors
47,268
29,782
Amounts owed to group undertakings and other participating interests
503
503
Taxes and social security
14,738
10,524
Other creditors
67,484
1,123
Loans from directors
1,261
912
157,327
63,742
- 6 -
Advantage Technical Ltd Notes to the Accounts for the year ended 31 July 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
57,608
-
8
Operating lease commitments
2025
2024
£
£
At 31 July 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,673
-
Later than one year and not later than five years
5,673
-
11,346
-
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
10
Reconciliations on adoption of FRS 102
- 7 -