Company Registration No. 04175803 (England and Wales)
Advance Investments Limited
Unaudited accounts
for the year ended 30 April 2020
Advance Investments Limited
Unaudited accounts
Contents
Advance Investments Limited
Company Information
for the year ended 30 April 2020
Directors
Joanne Richings
Benjamin Cundy
Keith Ayres
Company Number
04175803 (England and Wales)
Registered Office
COURTYARD MEWS, PICCADILLY PLACE
LONDON ROAD
BATH BATH & NORTH EAST SOMERSET
BA1 6PL
Advance Investments Limited
Statement of financial position
as at 30 April 2020
Tangible assets
9,402
11,037
Investments
303,325
303,325
Cash at bank and in hand
93,091
161,249
Creditors: amounts falling due within one year
(149,203)
(175,212)
Net current assets
550,250
522,401
Total assets less current liabilities
559,652
533,438
Provisions for liabilities
Deferred tax
(2,097)
(2,097)
Net assets
557,555
531,341
Called up share capital
10,000
10,000
Profit and loss account
547,555
521,341
Shareholders' funds
557,555
531,341
For the year ending 30 April 2020 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 26 January 2021 and were signed on its behalf by
Benjamin Cundy
Director
Company Registration No. 04175803
Advance Investments Limited
Notes to the Accounts
for the year ended 30 April 2020
Advance Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 04175803. The registered office is COURTYARD MEWS, PICCADILLY PLACE, LONDON ROAD, BATH BATH & NORTH EAST SOMERSET, BA1 6PL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
15% on cost
Fixtures & fittings
25% on cost
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.
Investments in shares are included at fair value.
Advance Investments Limited
Notes to the Accounts
for the year ended 30 April 2020
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2019
13,444
23,856
37,300
Disposals
(1,395)
(1,542)
(2,937)
At 30 April 2020
12,049
25,575
37,624
At 1 May 2019
12,577
13,686
26,263
Charge for the year
867
4,029
4,896
On disposals
(1,395)
(1,542)
(2,937)
At 30 April 2020
12,049
16,173
28,222
At 30 April 2020
-
9,402
9,402
At 30 April 2019
867
10,170
11,037
Trade debtors
73,494
71,570
Accrued income and prepayments
45,158
-
Other debtors
184,385
161,469
6
Investments held as current assets
2020
2019
Listed investments
303,325
303,325
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
17,960
26,169
Taxes and social security
127,662
144,190
Other creditors
3,581
4,853
8
Operating lease commitments
2020
2019
At 30 April 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
15,000
30,000
Within two to five years
-
15,000
Advance Investments Limited
Notes to the Accounts
for the year ended 30 April 2020
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn Loan account
1,606
233,341
229,125
5,822
1,606
233,341
229,125
5,822
The loan was repaid within 9 months of the year end.
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Average number of employees
During the year the average number of employees was 10 (2019: 10).
