Advantage Research Limited - Accounts to registrar (filleted) - small 18.2

Advantage Research Limited - Accounts to registrar (filleted) - small 18.2

ADVANTAGE RESEARCH LIMITED - Company Information

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REGISTERED NUMBER: 04352451 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

ADVANTAGE RESEARCH LIMITED
ADVANTAGE RESEARCH LIMITED (REGISTERED NUMBER: 04352451)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADVANTAGE RESEARCH LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2019







DIRECTOR: A Bhatti





REGISTERED OFFICE: Savoy House
Savoy Circus
78 Old Oak Common Lane
London
W3 7DA





REGISTERED NUMBER: 04352451 (England and Wales)





ACCOUNTANTS: Wem & Co Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA
Page 1
ADVANTAGE RESEARCH LIMITED (REGISTERED NUMBER: 04352451)

BALANCE SHEET
30 SEPTEMBER 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 737 -

CURRENT ASSETS
Debtors 5 4,505 8,272
Cash at bank 153,688 129,034
158,193 137,306
CREDITORS
Amounts falling due within one year 6 67,252 66,991
NET CURRENT ASSETS 90,941 70,315
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,678
70,315

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,578 70,215
91,678 70,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 14 May 2020 and were signed by:





A Bhatti - Director


The notes form part of these financial statements

Page 2
ADVANTAGE RESEARCH LIMITED (REGISTERED NUMBER: 04352451)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Advantage Research 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 33% straight line basis

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 1 (2018 - 1 ) .

Page 3 continued...
ADVANTAGE RESEARCH LIMITED (REGISTERED NUMBER: 04352451)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2018 3,776
Additions 1,105
At 30 September 2019 4,881
DEPRECIATION
At 1 October 2018 3,776
Charge for year 368
At 30 September 2019 4,144
NET BOOK VALUE
At 30 September 2019 737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 4,074 -
Other debtors 431 8,272
4,505 8,272

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Taxation and social security 5,318 8,457
Other creditors 61,934 58,534
67,252 66,991

Page 4