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Company Registration No. 11042616 (England and Wales)
Advance365 Ltd Unaudited accounts for the year ended 30 November 2025
Advance365 Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Advance365 Ltd Company Information for the year ended 30 November 2025
Directors
Jill Brown Jeorgia Allen
Company Number
11042616 (England and Wales)
Registered Office
8e West Chirton North Industrial Estate North Shields NE29 8SD United Kingdom
Accountants
LRK Accounting & Bookkeeping Ltd 128 City Road London EC1V 2NX
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Advance365 Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
71,344
13,442
Current assets
Debtors
5
357,993
269,206
Cash at bank and in hand
27,699
32,538
385,692
301,744
Creditors: amounts falling due within one year
6
(245,890)
(134,128)
Net current assets
139,802
167,616
Total assets less current liabilities
211,146
181,058
Creditors: amounts falling due after more than one year
7
(67,427)
(29,283)
Net assets
143,719
151,775
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
143,619
151,675
Shareholders' funds
143,719
151,775
For the year ending 30 November 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 20 August 2026 and were signed on its behalf by
Jill Brown Director Company Registration No. 11042616
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Advance365 Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Advance365 Ltd is a private company, limited by shares, registered in England and Wales, registration number 11042616. The registered office is 8e West Chirton, North Industrial Estate, North Shields, NE29 8SD, United Kingdom.
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
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 accounts.
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
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Leased assets
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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Advance365 Ltd Notes to the Accounts for the year ended 30 November 2025
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
19,524
16,162
8,324
44,010
Additions
-
77,527
2,396
79,923
At 30 November 2025
19,524
93,689
10,720
123,933
Depreciation
At 1 December 2024
9,714
14,805
6,049
30,568
Charge for the year
1,471
19,384
1,166
22,021
At 30 November 2025
11,185
34,189
7,215
52,589
Net book value
At 30 November 2025
8,339
59,500
3,505
71,344
At 30 November 2024
9,810
1,357
2,275
13,442
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
257,566
239,206
Accrued income and prepayments
30,000
30,000
Other debtors
70,427
-
357,993
269,206
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
118,881
76,282
VAT
126,381
86,740
Obligations under finance leases and hire purchase contracts
14,961
-
Trade creditors
59,729
35,620
Taxes and social security
123,968
41,417
Other creditors
5,023
3,048
Loans from directors
(203,053)
(111,474)
Accruals
-
2,495
245,890
134,128
- 6 -
Advance365 Ltd Notes to the Accounts for the year ended 30 November 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
14,976
29,283
Obligations under finance leases and hire purchase contracts
52,451
-
67,427
29,283
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Jill Brown
81,221
51,347
793
131,775
Jeorgia Allen
38,582
38,316
-
76,898
119,803
89,663
793
208,673
10
Average number of employees
During the year the average number of employees was 8 (2024: 14).
- 7 -