Registration number:
Advancy Limited
for the Year Ended 31 December 2025
Advancy Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Advancy Limited
Company Information
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Directors |
Mr V P C Blom Mr E D Bettignies |
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Registered office |
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Auditors |
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Advancy Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the Company is provision of strategy consulting and advisory services to clients across a range of industries in the United Kingdom and internationally.
Fair review of the business
The directors present their Strategic Report for the year ended 31 December 2025. The company delivered a solid performance during the year despite continued economic uncertainty and inflationary pressures affecting many sectors of the UK economy. Revenue growth remained positive, supported by strong client relationships, the expansion of existing engagements and the successful acquisition of new projects.
Profit before taxation amounted to £4,187,698, compared with £4,850,520 in the prior year, representing a decrease of 14%. While profitability was impacted by higher project delivery costs and increased utilisation of external and intercompany consulting resources, the directors consider the overall performance to be satisfactory and reflective of the company’s ability to sustain growth whilst maintaining strong operating margins.
Sales Income
Turnover for the year amounted to £14,744,974, compared with £13,891,994 in the previous year, representing an increase of 6%.
The company’s turnover was generated exclusively from strategy consulting activities, which represented 100% of total revenue for the year.
The increase in revenue was primarily driven by:
• Continued demand for consulting and advisory services;
• Expansion of existing client engagements;
• Acquisition of new clients and projects during the year; and
• Changes in project mix and timing of assignments.
Gross Profit and Net Profit
Gross profit for the year amounted to £9,512,117, compared with £9,475,947 in the prior year, representing an increase of 0.4%.
Gross profit margin decreased from 68% in the prior year to 65% in the current year. This reduction was primarily driven by higher project-related costs associated with increased business activity, together with higher intercompany recharges for consulting services provided by other group entities.
Despite this decrease, the company maintained a strong gross margin, reflecting the continued profitability of its consulting activities and effective project management.
Profit after taxation amounted to £3,108,754, compared with £3,682,636 in the prior year, representing a decrease of 16%.
Advancy Limited
Strategic Report for the Year Ended 31 December 2025
Key Performance Indicators (KPIs)
The Company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Revenue |
£ |
14,744,974 |
13,891,994 |
|
Revenue Growth |
% |
6 |
56 |
|
Gross Profit Margin |
% |
65 |
68 |
|
Profit Before Tax |
£ |
4,187,698 |
4,850,520 |
|
Profit Before Tax Margin |
% |
28 |
35 |
|
Cash Balance |
£ |
105,557 |
282,881 |
Management reviews these indicators regularly to monitor business performance, profitability, liquidity and operational efficiency.
Principal risks and uncertainties
The company operates in a competitive and evolving consulting market and is exposed to a number of risks and uncertainties.
Economic Conditions
A slowdown in economic activity may reduce client spending on consulting and advisory services. The company mitigates this risk through diversification of its client base and the sectors in which it operates.
Talent Attraction and Retention
The company’s continued success depends on its ability to attract, develop and retain highly skilled professionals. The company invests in employee development, career progression and competitive remuneration packages.
Client Concentration Risk
The loss of a significant client could adversely affect revenue and profitability. Management actively monitors client concentration and seeks to maintain a diversified portfolio of clients.
Competitive Market Environment
The consulting sector remains highly competitive, with ongoing pressure on pricing and the attraction of qualified talent. The company seeks to differentiate itself through the quality of its services, industry expertise and long-term client relationships.
The directors remain confident that the company is well positioned to manage these risks and continue to trade profitably and generate positive cash flows for the foreseeable future.
Advancy Limited
Strategic Report for the Year Ended 31 December 2025
Financial Risk Management Objectives and Policies
Credit Risk
Credit risk arises principally from trade receivables. The company maintains procedures for assessing the creditworthiness of clients before engagement and regularly monitors outstanding balances. Historically, exposure to bad debts has remained low.
Liquidity and Cash Flow Risk
The company actively manages liquidity through regular cash flow forecasting, monitoring of working capital requirements and maintaining adequate cash resources.
Management reviews cash flow projections on an ongoing basis to ensure that sufficient funds are available to meet operational and strategic requirements.
Operational and Financial Risk Management
The directors regularly assess the risks facing the business and implement appropriate mitigation measures. These include:
• Maintaining a strong balance sheet and adequate cash resources;
• Monitoring project profitability and resource utilisation;
• Investing in technology and operational efficiency;
• Maintaining robust governance and internal control procedures.
The directors believe that these measures significantly reduce the company’s exposure to financial and operational risks and provide a strong framework to respond effectively to unforeseen events.
Future Outlook
The directors remain optimistic regarding the company’s prospects. The business enters the new financial year with a healthy pipeline of opportunities and a strong market position.
Management will continue to focus on sustainable growth, operational excellence, talent development and long-term value creation for stakeholders.
Approved and authorised by the
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Advancy Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the Company
The directors who held office during the year were as follows:
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. The directors confirm that there is no relevant information (as defined by section 418(3) of the Companies Act 2006) that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Advancy Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Advancy Limited
Independent Auditor's Report to the Members of Advancy Limited
Opinion
We have audited the financial statements of Advancy Limited (the 'Company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Advancy Limited
Independent Auditor's Report to the Members of Advancy Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 6], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Advancy Limited
Independent Auditor's Report to the Members of Advancy Limited
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Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
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A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
Advancy Limited
Profit and Loss Account for the Year Ended 31 December 2025
|
Note |
2025 |
(As restated) |
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Turnover |
|
|
|
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Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
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Administrative expenses |
( |
( |
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Operating profit |
|
|
|
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Other interest receivable and similar income |
|
|
|
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Interest payable and similar expenses |
|
( |
|
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118,770 |
(139,781) |
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Profit before tax |
|
|
|
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Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The Company has no recognised gains or losses for the year other than the results above.
Advancy Limited
Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
(As restated) |
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Profit for the year |
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|
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Total comprehensive income for the year |
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Advancy Limited
(Registration number: 10548420)
Balance Sheet as at 31 December 2025
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Note |
2025 |
(As restated) |
|
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Fixed assets |
|||
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Tangible assets |
|
|
|
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Current assets |
|||
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Debtors |
|
|
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Cash at bank and in hand |
|
|
|
|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
|
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Net current assets |
|
|
|
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Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
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Net assets |
|
|
|
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Capital and reserves |
|||
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Called up share capital |
100 |
100 |
|
|
Other reserves |
598,532 |
- |
|
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Retained earnings |
4,723,242 |
5,614,488 |
|
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Shareholders' funds |
5,321,874 |
5,614,588 |
Approved and authorised by the
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Advancy Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
|
Share capital |
Other reserves |
Retained earnings |
Total |
|
|
At 1 January 2025 |
|
- |
|
|
|
Prior period adjustment |
- |
- |
|
|
|
At 1 January 2025 (As restated) |
|
- |
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
Transfers |
- |
598,532 |
- |
598,532 |
|
At 31 December 2025 |
|
|
|
|
|
Share capital |
Other reserves |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
- |
|
|
|
Profit for the year |
- |
- |
|
|
|
At 31 December 2024 |
100 |
- |
5,614,488 |
5,614,588 |
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The Company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the Company is provision of strategy consulting and advisory services to clients across a range of industries in the United Kingdom and internationally
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of disclosure exemptions
FRS 102 allows a qualifying entity certain disclosure exemptions if certain conditions have been complied with, iincluding notification of and no objection to, the use of exemptions by the Company's shareholders. A qualifying entity is defined as a member of a group that prepares publicly available financial statements, which give a true and fair view, in which that member is consolidated. Advancy Limited is a qualifying entity as its results are consolidated into the financial statements of Advancy Groupe SAS, which are publicly available.
As a qualifying entity, the Company has taken advantage of the following exemptions:
(i) from the requirement to present a statement of cash flows as required by paragraph 3.17 (d) of FRS 102;
(ii) from the requirement to present financial instrument disclosures, as required by FRS 102 paragraphs 11.39 to
11.48A, 12.26 and 12.29;
(iii) from the requirement to present a reconciliation of the number of shares outstanding at the beginning and end of
the period as required by paragraph 4.12(a)(iv); and
(iv) from the requirement to present key management personnel compensation as required by paragraph 33.6.
Name of parent of group
These financial statements are consolidated in the financial statements of Advancy Partners SAS.
The financial statements of may be obtained from 948, 605, 118, RCS, Paris, France.
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Group accounts not prepared
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.
Prior period errors
During the year it was identified that there was an invoice raised in 2025 for which the income related to 2024. Therefore, this has been corrected as a prior year restatement.
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Current Year |
Prior Year |
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Turnover |
155,000 |
(155,000) |
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Trade debtors |
155,000 |
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Retained earnings |
(155,000) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Foreign currency transactions and balances
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
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Furniture, fittings, tools and equipment |
25% straight line |
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Short leasehold - Improvements and furniture |
20% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
The company has a loan facility with Advancy Groupe. This is recognised at its cash value given that at any point in time, the balance is repayable within one year.
Provisions
A provision is recognised when the company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.
Provisions for the expected costs of maintenance under guarantees are charged to profit or loss when products have been invoiced. The effect of the time value of money is not material and therefore the provisions are not discounted.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Dividends
Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Share based payments
The Company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted.
Financial instruments
Classification
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Significant judgements and key sources of estimation uncertainty |
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty. |
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Turnover |
The analysis of the Company's Turnover for the year from continuing operations is as follows:
|
2025 |
(As restated) |
|
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Rendering of services |
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|
The analysis of the Company's Turnover for the year by market is as follows:
|
2025 |
(As restated) |
|
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UK |
|
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Europe |
|
|
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Rest of world |
|
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|
|
|
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Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
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Depreciation expense |
|
|
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Other interest receivable and similar income |
|
2025 |
2024 |
|
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Interest income on bank deposits |
|
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Other finance income |
|
|
|
|
|
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Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest expense on other finance liabilities |
|
|
|
Foreign exchange (losses)/gains |
( |
|
|
( |
|
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
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Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other short-term employee benefits |
|
|
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Pension costs, defined contribution scheme |
|
|
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Share-based payment expenses |
|
- |
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Other employee expense |
|
|
|
|
|
The average number of persons employed by the Company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Other departments |
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Auditors' remuneration |
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2025 |
2024 |
|
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Audit of the financial statements |
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Other fees to auditors |
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All other non-audit services |
|
- |
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Taxation |
Tax charged/(credited) in the profit and loss account
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2025 |
2024 |
|
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Current taxation |
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UK corporation tax |
|
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Deferred taxation |
||
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Arising from changes in tax rates and laws |
- |
( |
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Tax expense in the income statement |
|
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Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
(As restated) |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease in UK and foreign current tax from adjustment for prior periods |
- |
( |
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Tax decrease from other short-term timing differences |
- |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax increase/(decrease) from changes in pension fund prepayment |
|
( |
|
Total tax charge |
|
|
During the 2025 audit an invoice was identified which related to 2024. A prior year restatement has been made to the 2024 revenue figure. The prior year tax charge did not require restating. Instead the reconciling adjustment for prior periods has been added to the above tax note.
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Tangible assets |
|
Short leasehold land and buildings |
Plant and machinery |
Total |
|
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Cost or valuation |
|||
|
At 1 January 2025 |
|
|
|
|
Additions |
- |
|
|
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At 31 December 2025 |
|
|
|
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Depreciation |
|||
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At 1 January 2025 |
|
|
|
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Charge for the year |
|
|
|
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Included within the net book value of land and buildings above is £63,798 (2024 - £133,396) in respect of short leasehold land and buildings.
Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Debtors |
|
Current |
Note |
2025 |
(As restated) |
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Trade debtors |
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|
Amounts owed by related parties |
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Other debtors |
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Prepayments |
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|
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Accrued income |
|
|
|
|
Income tax asset |
|
- |
|
|
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|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
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Cash at bank |
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|
|
|
Provisions for liabilities |
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Deferred tax |
Total |
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At 1 January 2025 |
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At 31 December 2025 |
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Creditors |
|
2025 |
2024 |
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Due within one year |
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Trade creditors |
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Amounts due to related parties |
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Social security and other taxes |
|
|
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Outstanding defined contribution pension costs |
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Other payables |
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|
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Accruals |
|
|
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Income tax liability |
73,909 |
1,102,135 |
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Advancy Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Pension and other schemes |
Defined contribution pension scheme
The Company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary Shares of £1 each |
100 |
100 |
100 |
100 |
|
Dividends |
Final dividends paid
|
2025 |
2024 |
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|
Final dividend of £ |
|
- |
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Advancy Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2025
|
2025 |
(As restated) |
|
|
Turnover (analysed below) |
14,744,974 |
13,891,994 |
|
Cost of sales (analysed below) |
(5,232,857) |
(4,416,047) |
|
Gross profit |
9,512,117 |
9,475,947 |
|
Gross profit (%) |
64.51% |
68.21% |
|
Administrative expenses |
||
|
Employment costs (analysed below) |
(4,432,445) |
(3,766,337) |
|
Establishment costs (analysed below) |
(416,068) |
(405,595) |
|
General administrative expenses (analysed below) |
(456,919) |
(180,486) |
|
Finance charges (analysed below) |
(8,822) |
(2,930) |
|
Depreciation costs (analysed below) |
(128,935) |
(130,298) |
|
(5,443,189) |
(4,485,646) |
|
|
Operating profit |
4,068,928 |
4,990,301 |
|
Other interest receivable and similar income (analysed below) |
32,092 |
4,766 |
|
Interest payable and similar charges (analysed below) |
86,678 |
(144,547) |
|
118,770 |
(139,781) |
|
|
Profit before tax |
4,187,698 |
4,850,520 |
Advancy Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2025
|
2025 |
2024 |
|
Turnover |
||
|
Rendering of services, UK |
3,724,724 |
5,087,866 |
|
Rendering of services, Europe |
5,891,804 |
5,463,647 |
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Rendering of services, rest of world |
5,128,446 |
3,340,481 |
|
14,744,974 |
13,891,994 |
|
Cost of sales |
||
|
Intercompany Expense Recharges |
(82,062) |
(17,181) |
|
Purchases |
(383,410) |
(472,580) |
|
Intercompany Fee recharges |
(1,745,547) |
(1,933,115) |
|
Consultancy fees |
(3,021,838) |
(1,993,171) |
|
(5,232,857) |
(4,416,047) |
|
Employment costs |
||
|
Wages and salaries (excluding directors) |
(2,637,332) |
(2,680,857) |
|
Staff NIC (Employers) |
(458,606) |
(337,370) |
|
Staff pensions (Defined contribution) |
(218,480) |
(242,998) |
|
Private health insurance |
(86,952) |
(56,266) |
|
Staff bonuses |
(353,799) |
(360,787) |
|
Staff training |
(4,527) |
(4,336) |
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Staff welfare |
(74,217) |
(83,723) |
|
Share-based payment expense - equity settled |
(598,532) |
- |
|
(4,432,445) |
(3,766,337) |
|
Establishment costs |
||
|
Rent |
(214,343) |
(239,720) |
|
Rates |
(168,755) |
(147,179) |
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Light, heat and power |
(13,930) |
(9,166) |
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Insurance |
(4,403) |
(4,334) |
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Repairs and renewals |
(14,637) |
(5,196) |
|
(416,068) |
(405,595) |
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General administrative expenses |
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|
Telephone and fax |
(9,827) |
(12,810) |
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Office expenses |
(1,806) |
(6,434) |
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Computer software and maintenance costs |
(57,483) |
(24,358) |
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Printing, postage and stationery |
(19,322) |
(1,867) |
|
Trade subscriptions |
(13,085) |
(11,200) |
|
Sundry expenses |
(504) |
- |
|
Cleaning |
(31,292) |
(27,784) |
|
Recruitment |
(28,068) |
(6,628) |
|
Travel and subsistence |
(14,531) |
(4,301) |
Advancy Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2025
|
2025 |
2024 |
|
Advertising |
(985) |
(21,238) |
|
Staff entertaining (allowable for tax) |
(20,705) |
(938) |
|
Accountancy fees |
(41,559) |
(22,033) |
|
Auditor's remuneration - The audit of the company's annual accounts |
(8,500) |
(8,500) |
|
Auditors' remuneration - non audit work |
(5,250) |
- |
|
Legal and professional fees |
(204,002) |
(32,395) |
|
(456,919) |
(180,486) |
|
Finance charges |
||
|
Bank charges |
(8,822) |
(2,930) |
|
Depreciation costs |
||
|
Depreciation of long leasehold property |
(69,599) |
(69,599) |
|
Depreciation of fixtures and fittings (owned) |
(59,336) |
(60,699) |
|
(128,935) |
(130,298) |
|
Other interest receivable and similar income |
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|
Bank interest receivable |
25,833 |
1,461 |
|
Other interest receivable |
6,259 |
3,305 |
|
32,092 |
4,766 |
|
Interest payable and similar expenses |
||
|
Other interest payable |
(72,953) |
(46,480) |
|
Foreign currency (gains)/losses |
159,631 |
(98,067) |
|
86,678 |
(144,547) |