Advance Finance & Leasing Ltd - Accounts to registrar (filleted) - small 18.2

Advance Finance & Leasing Ltd - Accounts to registrar (filleted) - small 18.2

ADVANCE FINANCE & LEASING LTD - Company Information

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REGISTERED NUMBER: 07499177 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

ADVANCE FINANCE & LEASING LTD
ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

ADVANCE FINANCE & LEASING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: P Carlin
S Birch





REGISTERED OFFICE: 406 Chadwick House
Birchwood Park
Birchwood
Warrington
Cheshire
WA3 6AE





REGISTERED NUMBER: 07499177 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL
Page 1
ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2019

30/9/19 30/9/18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 496,905 436,733

CURRENT ASSETS
Debtors 73,460 122,074
Cash at bank and in hand 21,587 25,543
95,047 147,617
CREDITORS
Amounts falling due within one year 76,090 46,363
NET CURRENT ASSETS 18,957 101,254
TOTAL ASSETS LESS CURRENT
LIABILITIES
515,862
537,987

PROVISIONS FOR LIABILITIES 93,285 68,797
NET ASSETS 422,577 469,190

CAPITAL AND RESERVES
Called up share capital 20 20
Capital redemption reserve 10 10
Retained earnings 422,547 469,160
SHAREHOLDERS' FUNDS 422,577 469,190

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 directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2020 and were
signed on its behalf by:




S Birch - Director



P Carlin - Director


The notes form part of these financial statements

Page 3
ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Advance Finance & Leasing Ltd 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - Over the period of the lease

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 3 (2018 - 3 ) .

Page 4 continued...
ADVANCE FINANCE & LEASING LTD (REGISTERED NUMBER: 07499177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2018 944,778
Additions 424,527
Disposals (166,168 )
At 30 September 2019 1,203,137
DEPRECIATION
At 1 October 2018 508,045
Charge for year 291,105
Eliminated on disposal (92,918 )
At 30 September 2019 706,232
NET BOOK VALUE
At 30 September 2019 496,905
At 30 September 2018 436,733

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2019 and
30 September 2018:

30/9/19 30/9/18
£    £   
S Birch and P Carlin
Balance outstanding at start of year - -
Amounts advanced 12,500 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,500 -

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ADVANCE FINANCE & LEASING LTD

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Advance Finance & Leasing Ltd for the year ended 30 September 2019 which comprise the
Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and
from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Advance Finance & Leasing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Advance Finance & Leasing Ltd and state those matters that we have agreed to state to the Board of Directors of Advance Finance & Leasing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advance Finance & Leasing Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Advance Finance & Leasing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Advance Finance & Leasing Ltd. You consider that Advance Finance & Leasing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Advance Finance & Leasing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL


3 June 2020

This page does not form part of the statutory financial statements

Page 6