ADVANSYS SOLUTIONS LTD

ADVANSYS SOLUTIONS LTD - Company Information

2021-10-012022-09-302022-09-30false04781996ADVANSYS SOLUTIONS 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Registered Number
04781996
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2022

ADVANSYS SOLUTIONS LTD

Company Information
for the year from 1 October 2021 to 30 September 2022


Directors	BURDEN, Jonathan George
	DON-DUNCAN, Peter


Registered Address	1 Park Gardens
	Yeovil
	BA20 1DW


Registered Number	04781996 (England and Wales)

ADVANSYS SOLUTIONS LTD

Balance Sheet as at
30 September 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		391		543
			391		543
Current assets
Debtors	6	332,545		57,892
Cash at bank and on hand		32,823		31,277
		365,368		89,169
Creditors amounts falling due within one year	8	(323,406)		(55,516)
Net current assets (liabilities)			41,962		33,653
Total assets less current liabilities			42,353		34,196
Provisions for liabilities	9		(74)		(103)
Net assets			42,279		34,093
Capital and reserves
Called up share capital			100		100
Profit and loss account			42,179		33,993
Shareholders' funds			42,279		34,093

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 14 April 2023, and are signed on its behalf by:

BURDEN, Jonathan George
Director
Registered Company No. 04781996

ADVANSYS SOLUTIONS LTD

Notes to the Financial Statements
for the year ended 30 September 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Office Equipment	-	4

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

4.	Employee information


		2022		2021
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 October 21	27,246	27,246
At 30 September 22	27,246	27,246
Depreciation and impairment
At 01 October 21	26,703	26,703
Charge for year	152	152
At 30 September 22	26,855	26,855
Net book value
At 30 September 22	391	391
At 30 September 21	543	543

6.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	331,415	56,865
Prepayments and accrued income	1,130	1,027
Total	332,545	57,892


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	331,415	56,865
Prepayments and accrued income	1,130	1,027
Total	332,545	57,892


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	313,004	52,829
Taxation and social security	9,197	1,390
Other creditors	56	204
Accrued liabilities and deferred income	1,149	1,093
Total	323,406	55,516


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	74	103
Total	74	103