Company Registration No. 07558385 (England and Wales)
Advanced Services (West Midlands) Limited
Unaudited accounts
for the year ended 31 March 2020
Advanced Services (West Midlands) Limited
Unaudited accounts
Contents
Advanced Services (West Midlands) Limited
Company Information
for the year ended 31 March 2020
Directors
Jason Bridgewater
Leigh Bridgewater
Company Number
07558385 (England and Wales)
Registered Office
Unit 13 Gregston Trade Centre
Birmingham Road
Oldbury
West Midlands
B69 4EX
Advanced Services (West Midlands) Limited
Statement of financial position
as at
31 March 2020
Tangible assets
31,370
34,990
Cash at bank and in hand
3,916
51,322
Creditors: amounts falling due within one year
(65,952)
(33,823)
Net current assets
82,279
110,263
Net assets
113,650
145,254
Called up share capital
100
100
Profit and loss account
113,550
145,154
Shareholders' funds
113,650
145,254
For the year ending 31 March 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 25 November 2020 and were signed on its behalf by
Jason Bridgewater
Director
Company Registration No. 07558385
Advanced Services (West Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2020
Advanced Services (West Midlands) Limited is a private company, limited by shares, registered in England and Wales, registration number 07558385. The registered office is Unit 13 Gregston Trade Centre, Birmingham Road, Oldbury, West Midlands, B69 4EX.
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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:
Plant & machinery
12.5% reducing balance
Motor vehicles
12.5% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Advanced Services (West Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2020
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2019
38,103
27,082
2,650
3,714
71,549
Additions
556
-
-
414
970
At 31 March 2020
38,659
27,082
2,650
4,128
72,519
At 1 April 2019
21,087
9,855
2,385
3,232
36,559
Charge for the year
2,146
2,154
66
224
4,590
At 31 March 2020
23,233
12,009
2,451
3,456
41,149
At 31 March 2020
15,426
15,073
199
672
31,370
At 31 March 2019
17,016
17,227
265
482
34,990
Trade debtors
117,957
88,111
Accrued income and prepayments
6,757
4,052
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
18,789
-
Trade creditors
9,550
8,550
Taxes and social security
28,278
18,868
Other creditors
4,827
2,537
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Operating lease commitments
2020
2019
At 31 March 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
1,183
8,283
Advanced Services (West Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2020
During the period the directors received a loan of £15,000 at an interest rate of 2.5% per annum. The amount
outstanding at the year-end was £15,000 (2019 £ Nil). The loan has subsequently been repaid in full.
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Average number of employees
During the year the average number of employees was 31 (2019: 35).