Advanced Automation Solutions Limited - Accounts to registrar (filleted) - small 23.2.5

Advanced Automation Solutions Limited - Accounts to registrar (filleted) - small 23.2.5

ADVANCED AUTOMATION SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 04315886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Advanced Automation Solutions Limited
Advanced Automation Solutions Limited (Registered number: 04315886)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Advanced Automation Solutions Limited

Company Information
for the Year Ended 31 March 2023







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
27 Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA
Page 1
Advanced Automation Solutions Limited (Registered number: 04315886)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 648,520 649,562

CURRENT ASSETS
Debtors 5 2,972 3,366
Cash at bank 85,137 77,502
88,109 80,868
CREDITORS
Amounts falling due within one year 6 25,779 51,897
NET CURRENT ASSETS 62,330 28,971
TOTAL ASSETS LESS CURRENT
LIABILITIES
710,850
678,533

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 101,675 101,675
Retained earnings 609,075 576,758
SHAREHOLDERS' FUNDS 710,850 678,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 15 September 2023 and were signed by:





Mr P J Mitchell - Director


The notes form part of these financial statements

Page 2
Advanced Automation Solutions Limited (Registered number: 04315886)

Notes to the Financial Statements
for the Year Ended 31 March 2023

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 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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 647,000 4,914 651,914
Disposals - (749 ) (749 )
At 31 March 2023 647,000 4,165 651,165
DEPRECIATION
At 1 April 2022 - 2,352 2,352
Charge for year - 1,042 1,042
Eliminated on disposal - (749 ) (749 )
At 31 March 2023 - 2,645 2,645
NET BOOK VALUE
At 31 March 2023 647,000 1,520 648,520
At 31 March 2022 647,000 2,562 649,562

Page 3 continued...
Advanced Automation Solutions Limited (Registered number: 04315886)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Land and
buildings
£   
Valuation in 2019 125,525
Cost 521,475
647,000

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

31.3.23 31.3.22
£    £   
Cost 521,475 521,475

Freehold properties were valued on an open market basis on 31 March 2023 by the company director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 720 -
Other debtors 2,252 3,366
2,972 3,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 179 7,127
Taxation and social security 17,213 8,885
Other creditors 8,387 35,885
25,779 51,897

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 101,675

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Mitchell.

Page 4