Company Registration No. 07558385 (England and Wales)
Advanced Services (West Midlands) Limited
Unaudited accounts
for the year ended 31 March 2023
Advanced Services (West Midlands) Limited
Unaudited accounts
Contents
Advanced Services (West Midlands) Limited
Company Information
for the year ended 31 March 2023
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 2023
Tangible assets
22,597
25,589
Cash at bank and in hand
1,408
1,809
Creditors: amounts falling due within one year
(114,896)
(108,133)
Net current liabilities
(21,580)
(8,399)
Called up share capital
100
100
Profit and loss account
918
17,091
Shareholders' funds
1,018
17,191
For the year ending 31 March 2023 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 1 December 2023 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 2023
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.
2
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 2023
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 2022
40,213
27,082
2,650
1,438
71,383
At 31 March 2023
40,574
27,082
2,650
1,438
71,744
At 1 April 2022
27,027
15,542
2,538
687
45,794
Charge for the year
1,694
1,443
28
188
3,353
At 31 March 2023
28,721
16,985
2,566
875
49,147
At 31 March 2023
11,853
10,097
84
563
22,597
At 31 March 2022
13,186
11,540
112
751
25,589
Amounts falling due within one year
Trade debtors
71,074
77,120
Accrued income and prepayments
4,733
4,704
Other debtors
15,600
15,600
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
91,529
73,783
Trade creditors
6,020
10,106
Taxes and social security
5,962
13,896
Other creditors
4,702
4,910
8
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
8,100
7,908
During the period the directors received a loan of £ 12,500 at an interest rate of 2.5% per annum. The amount outstanding at
the year-end was £12,500 (2022 £ 12,500). The loan has subsequently been repaid in full.
Advanced Services (West Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 30 (2022: 30).