Advantage Utilities Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04319909

Financial Statements

for the Year Ended 30 September 2022

for

ADVANTAGE UTILITIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

A P Grover

SECRETARY:

Pembroke Consulting

REGISTERED OFFICE:

1a The Quadrant Courtyard

Quadrant Way

Weybridge

Surrey

KT13 8DR

REGISTERED NUMBER:

04319909

ACCOUNTANTS:

Pembroke Briggs Chartered Accountants

1a The Quadrant Courtyard

Quadrant Way

Weybridge

Surrey

KT13 8DR

FIXED ASSETS

Tangible assets

4

98,698

122,767

CURRENT ASSETS

Debtors

2,017,441

2,025,851

Cash at bank and in hand

391,910

659,192

2,409,351

2,685,043

CREDITORS

Amounts falling due within one year

287,238

211,139

NET CURRENT ASSETS

2,122,113

2,473,904

TOTAL ASSETS LESS CURRENT LIABILITIES

2,220,811

2,596,671

CREDITORS

Amounts falling due after more than one year

-

29,419

NET ASSETS

2,220,811

2,567,252

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,220,809

2,567,250

SHAREHOLDERS' FUNDS

2,220,811

2,567,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 June 2023 and were signed by:

A P Grover - Director

1.	STATUTORY INFORMATION

Advantage Utilities Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 40 (2021 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2021

244,438

Additions

16,606

At 30 September 2022

261,044

DEPRECIATION

At 1 October 2021

121,671

Charge for year

40,675

At 30 September 2022

162,346

NET BOOK VALUE

At 30 September 2022

98,698

At 30 September 2021

122,767

5.	CONTROLLING PARTY

A Grover is the ultimate controlling party by virtue of holding 100% of the issued ordinary share capital.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2022 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Pembroke Briggs Chartered Accountants

1a The Quadrant Courtyard

Quadrant Way

Weybridge

Surrey

KT13 8DR

Date: .............................................