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REGISTERED NUMBER: 05533848 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

ADVANCED COMPONENTS LTD

ADVANCED COMPONENTS LTD (REGISTERED NUMBER: 05533848)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADVANCED COMPONENTS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2019







DIRECTORS: S F Legg
S J Perry





SECRETARY: S F Legg





REGISTERED OFFICE: Huntingdon Business Centre
Blackstone Road
Huntingdon
Cambridgeshire
PE29 6EF





REGISTERED NUMBER: 05533848 (England and Wales)





ACCOUNTANT: David Jeffreys Ltd
First Floor
4 Princes Street
Huntingdon
Cambridgeshire
PE29 3PA

ADVANCED COMPONENTS LTD (REGISTERED NUMBER: 05533848)

BALANCE SHEET
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4 6

CURRENT ASSETS
Stocks 34,234 51,950
Debtors 5 25,841 29,090
Cash at bank 11,142 29,897
71,217 110,937
CREDITORS
Amounts falling due within one year 6 16,963 43,590
NET CURRENT ASSETS 54,254 67,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,258

67,353

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 53,258 66,353
SHAREHOLDERS' FUNDS 54,258 67,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Board of Directors and authorised for issue on 15 June 2020 and were
signed on its behalf by:





S J Perry - Director


ADVANCED COMPONENTS LTD (REGISTERED NUMBER: 05533848)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Advanced Components 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 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% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 ) .

ADVANCED COMPONENTS LTD (REGISTERED NUMBER: 05533848)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019
and 31 December 2019 156
DEPRECIATION
At 1 January 2019 150
Charge for year 2
At 31 December 2019 152
NET BOOK VALUE
At 31 December 2019 4
At 31 December 2018 6

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 16,266 11,015
Other debtors 9,575 18,075
25,841 29,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 7,418 36,530
Taxation and social security 7,925 5,440
Other creditors 1,620 1,620
16,963 43,590

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
1,000 Ordinary £1 1,000 1,000