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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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ADDVANTAGE GLOBAL LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FOR |
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ADDVANTAGE GLOBAL LIMITED |
ADDVANTAGE GLOBAL LIMITED (REGISTERED NUMBER: 10835268) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ADDVANTAGE GLOBAL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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A trading name of Xynamo 5 Limited |
72a High Street |
Battle |
East Sussex |
TN33 0AG |
ADDVANTAGE GLOBAL LIMITED (REGISTERED NUMBER: 10835268) |
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BALANCE SHEET |
30 NOVEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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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. |
ADDVANTAGE GLOBAL LIMITED (REGISTERED NUMBER: 10835268) |
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BALANCE SHEET - continued |
30 NOVEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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ADDVANTAGE GLOBAL LIMITED (REGISTERED NUMBER: 10835268) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Addvantage Global Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
ADDVANTAGE GLOBAL LIMITED (REGISTERED NUMBER: 10835268) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Development | Website |
costs | costs | Totals |
£ | £ | £ |
COST |
Additions |
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At 30 November 2019 |
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AMORTISATION |
Amortisation for year |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
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At 30 November 2019 |
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DEPRECIATION |
Charge for year |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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6. | FIXED ASSET INVESTMENTS |
Loans to |
group |
undertakings |
£ |
At 1 December 2018 |
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Repayment in year | ( |
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Other movement | ( |
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At 30 November 2019 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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VAT |
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ADDVANTAGE GLOBAL LIMITED (REGISTERED NUMBER: 10835268) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Accrued expenses |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year the company received services amounting to £71,750 from D J Mitchell. |
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10. | RELATED PARTY DISCLOSURES |
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During the year the company received supplies amounting to £646,442 from Addvantage Clean Technologies |
Inc, a company registered in United States of America. During the year the company also write off the loan |
balances totalling £380,686. |
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During the year the company made loans to Tribune Group Limited, a company in which D J Mitchell is also a |
director. As at the balance sheet date this amount remained outstanding. |