Advanced Automation Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04315886 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Advanced Automation Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Mitchell

REGISTERED OFFICE:

3 Roebuck Way

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8HL

REGISTERED NUMBER:

04315886 (England and Wales)

ACCOUNTANTS:

Sherwoods Ltd

Chartered Certified Accountants

1st Floor

181 Queensway

Bletchley

Milton Keynes

Buckinghamshire

MK2 2DZ

FIXED ASSETS

Tangible assets

4

650,817

523,951

CURRENT ASSETS

Debtors

5

48,218

72,684

Prepayments and accrued income

2,326

2,461

Cash at bank

178,244

141,391

228,788

216,536

CREDITORS

Amounts falling due within one year

6

111,231

94,671

NET CURRENT ASSETS

117,557

121,865

TOTAL ASSETS LESS CURRENT
LIABILITIES

768,374

645,816

ACCRUALS AND DEFERRED INCOME

1,718

1,450

NET ASSETS

766,656

644,366

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

7

101,675

-

Retained earnings

664,881

644,266

SHAREHOLDERS' FUNDS

766,656

644,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 September 2019 and were signed by:

Mr P J Mitchell - Director

1.	STATUTORY INFORMATION

Advanced Automation Solutions 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.

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 as modified by the revaluation of certain assets.

TURNOVER

Turnover represents net invoiced sales of services, net of Value Added Tax.

Revenue is recognised at the point when the services are supplied.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 4 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2018

521,475

7,723

529,198

Additions

-

2,622

Revaluations

125,525

-

125,525

At 31 March 2019

647,000

10,345

657,345

DEPRECIATION

At 1 April 2018

-

5,247

Charge for year

-

1,281

At 31 March 2019

-

6,528

NET BOOK VALUE

At 31 March 2019

647,000

3,817

650,817

At 31 March 2018

521,475

2,476

523,951

Cost or valuation at 31 March 2019 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2019

125,525

-

125,525

Cost

521,475

10,345

531,820

647,000

10,345

657,345

If the properties had not been revalued they would have been included at the following historical cost:

31.3.19

31.3.18

£

Cost

521,475

Freehold properties were valued on an open market basis on 31 March 2019 by the company director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade debtors

48,218

72,519

Other debtors

-

165

48,218

72,684

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade creditors

13,713

15,214

Taxation and social security

36,034

29,686

Other creditors

61,484

49,771

111,231

94,671

7.

RESERVES

Fair

value

reserve

£

Surplus on revaluation

101,675

At 31 March 2019

101,675

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Mitchell.

Advanced Automation Solutions Limited - Accounts to registrar (filleted) - small 18.2

Advanced Automation Solutions Limited - Accounts to registrar (filleted) - small 18.2