Registered number:
01639266
ADVANCE PRODUCTS LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
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ADVANCE PRODUCTS LIMITED
COMPANY INFORMATION
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ADVANCE PRODUCTS LIMITED
CONTENTS
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Statement of comprehensive income
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Notes to the financial statements
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ADVANCE PRODUCTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2017
The directors present their report and the financial statements for the year ended 30 April 2017.
The directors who served during the year were:
This report was approved by the board on
22 January 2018
and signed on its behalf.
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ADVANCE PRODUCTS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2017
The Company has not traded during the year
or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.
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The notes on pages 5 to 6 form part of these financial statements.
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ADVANCE PRODUCTS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2017
Other comprehensive income
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Total comprehensive income for the year
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The notes on pages 5 to 6 form part of these financial statements.
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ADVANCE PRODUCTS LIMITED
REGISTERED NUMBER:
01639266
BALANCE SHEET
AS AT
30 APRIL 2017
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 30 April 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The
financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on
22 January 2018
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The notes on pages 5 to 6 form part of these financial statements.
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ADVANCE PRODUCTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
Advance Products Limited (company number 01639266) is a private company limited by shares, registered in England and Wales. Its registered office is at Technology Park, Standback Way, Skelmanthorpe Way, West Yorkshire, HD8 9GA.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Page 5
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ADVANCE PRODUCTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
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Financial assets measured at fair value through profit or loss comprise of none.
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Related party transactions
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The following companies are under the control of the director Mr D M W Barnes by virtue of his directorship and majority shareholding in the ultimate parent company Branta Group Limited. The following amounts were owing to and owing from group companies at the year end.
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Page 6
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