Advantage Enterprises Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03083806 (England and Wales)

Financial Statements for the Year Ended 31 August 2017

for

Advantage Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Mr C S Mansour

SECRETARY:

Ms A Cameron

REGISTERED OFFICE:

1-3 Crosby Road South

Crosby

Liverpool

L22 1RG

REGISTERED NUMBER:

03083806 (England and Wales)

ACCOUNTANTS:

Verinder & Associates

Chartered Certified Accountants

and Chartered Accountants

1-3 Crosby Road South

Waterloo

Liverpool

Merseyside

L22 1RG

FIXED ASSETS

Tangible assets

3

565,229

565,640

CURRENT ASSETS

Debtors

4

7,835

5,535

Cash at bank

2,430

31,124

10,265

36,659

CREDITORS

Amounts falling due within one year

5

6,873

11,417

NET CURRENT ASSETS

3,392

25,242

TOTAL ASSETS LESS CURRENT LIABILITIES

568,621

590,882

CREDITORS

Amounts falling due after more than one year

6

556,177

571,598

NET ASSETS

12,444

19,284

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,344

19,184

SHAREHOLDERS' FUNDS

12,444

19,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 May 2018 and were signed by:

Mr C S Mansour - Director

1.	STATUTORY INFORMATION

Advantage Enterprises 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures and fittings

-

25% on reducing balance

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 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 September 2016

561,679

25,943

587,622

Additions

-

773

773

At 31 August 2017

561,679

26,716

588,395

DEPRECIATION

At 1 September 2016

-

21,982

21,982

Charge for year

-

1,184

1,184

At 31 August 2017

-

23,166

23,166

NET BOOK VALUE

At 31 August 2017

561,679

3,550

565,229

At 31 August 2016

561,679

3,961

565,640

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

495

495

Other debtors

6,130

5,040

Tax

1,210

-

7,835

5,535

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Tax

-

3,671

Social security and other taxes

23

31

Other creditors

6,130

5,635

Accruals and deferred income

720

2,080

6,873

11,417

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Directors' loan accounts

556,177

571,598

7.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director and members 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 31 August 2017 set out on pages to 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.

Verinder & Associates

Chartered Certified Accountants

and Chartered Accountants

1-3 Crosby Road South

Waterloo

Liverpool

Merseyside

L22 1RG

29 May 2018