Advanced Automation Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04315886 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

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

649,698

650,817

CURRENT ASSETS

Debtors

5

17,291

48,218

Prepayments and accrued income

2,249

2,326

Cash at bank

80,026

178,244

99,566

228,788

CREDITORS

Amounts falling due within one year

6

32,093

111,231

NET CURRENT ASSETS

67,473

117,557

TOTAL ASSETS LESS CURRENT
LIABILITIES

717,171

768,374

ACCRUALS AND DEFERRED INCOME

1,768

1,718

NET ASSETS

715,403

766,656

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

7

101,675

Retained earnings

613,628

664,881

SHAREHOLDERS' FUNDS

715,403

766,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 28 October 2020 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 3 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2019

and 31 March 2020

647,000

10,345

657,345

DEPRECIATION

At 1 April 2019

-

6,528

Charge for year

-

1,119

At 31 March 2020

-

7,647

NET BOOK VALUE

At 31 March 2020

647,000

2,698

649,698

At 31 March 2019

647,000

3,817

650,817

Cost or valuation at 31 March 2020 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:

31.3.20

31.3.19

£

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

31.3.20

31.3.19

£

Trade debtors

17,291

48,218

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

Trade creditors

19,781

13,713

Taxation and social security

7,569

36,034

Other creditors

4,743

61,484

32,093

111,231

7.

RESERVES

Fair

value

reserve

£

At 1 April 2019

and 31 March 2020

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