Advance It Group Limited in Birmingham, B64 6PU

Description

Data updated on: 01-11-2023

The date the company was established is November 6, 2007. Established under 06419586, the company is listed as a Private Limited Company. You may find the main office of the company during its opening hours at the following location: Advance House 9 Waterfall Lane Trading Estate Old Hill, B64 6PU Birmingham. Since March 27, 2008 Advance It Group Limited is no longer under the business name Seven Capital. This company's registered with SIC code 62020 - Information technology consultancy activities. The business latest annual accounts describe the period up to 2022-11-30 and the most recent annual confirmation statement was filed on 2023-10-10.

Having two recruitment announcements since 11th August 2014, the corporation has been a relatively active employer on the employment market. On 5th August 2016, it started seeking job candidates for a Php Developer post in Sandwell, and on 11th August 2014, for the vacant post of a Internal Sales and Marketing Administrator in West Bromwich.

In order to satisfy its clientele, the following company is constantly led by a body of two directors who are Mathew C. and Stewart B.. Their successful cooperation has been of critical importance to this specific company for three years. To provide support to the directors, the abovementioned company has been utilizing the skills of Stewart B. as a secretary since July 2011.

Previous company's names
Advance It Group Limited 2008-03-27
Seven Capital Ltd 2007-11-06

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-11-30	2013-11-30	2014-11-30	2015-11-30	2016-11-30	2017-11-30	2018-11-30	2019-11-30	2020-11-30	2021-11-30	2022-11-30
Currency
Net Worth	18 250	24 387	19 879	9 063	17 742

Balance Sheet
Cash Bank On Hand					2 938	1 178	8 670	33 064	70 367	88 856	176 593
Current Assets	43 447	145 168	155 510	157 448	154 109	214 283	177 288	185 093	197 871	164 811	247 558
Debtors	43 345	143 770	155 223	150 860	136 005	186 185	150 327	140 467	119 241	64 897	60 415
Net Assets Liabilities					17 458	17 717	10 778	1 677	2 212	-6 988	-26 056
Other Debtors					4 609	7 890	9 271	9 028	9 334	9 200	35 871
Property Plant Equipment					1 562	568
Total Inventories					15 166	13 653	18 291	11 562	8 263	11 058	10 550
Cash Bank In Hand	102	1 398	287	6 588	2 938
Intangible Fixed Assets	128 269	104 875	81 481	58 087	59 691
Net Assets Liabilities Including Pension Asset Liability	18 250	24 387	19 879	9 063
Tangible Fixed Assets	1 093	456	2 250	1 419	1 562
Stocks Inventory					15 166

Capital & Reserves
Called Up Share Capital	2 000	2 000	2 000	2 000	2 000
Profit Loss Account Reserve	16 250	22 387	17 879	7 063	15 742
Shareholder Funds	18 250	24 387	19 879	9 063	17 742

Other Financial Data
Description Share Type					2 000	2 000
Accumulated Amortisation Impairment Intangible Assets					129 442	137 586	145 730	153 875	162 019	170 163	173 308
Accumulated Depreciation Impairment Property Plant Equipment					10 568	11 561	12 130	12 130	12 130	12 130
Amounts Owed By Related Parties					85 542	130 217	87 916	94 897	77 217	42 845
Amounts Owed To Group Undertakings											96 654
Average Number Employees During Period							7	8	5	5	5
Bank Borrowings Overdrafts					920	9 953		1 896
Corporation Tax Recoverable							820	11 574	11 574
Creditors					98 939	98 939	98 939	98 939	98 939	98 939	98 939
Dividends Paid On Shares							43 404	35 259	27 115
Fixed Assets	129 489	105 458	83 858	59 633	61 380	52 243	43 531	35 386	27 242	19 098	15 953
Future Minimum Lease Payments Under Non-cancellable Operating Leases							100 000	70 000	40 000	10 667	42 671
Increase From Amortisation Charge For Year Intangible Assets						8 144	8 144	8 145	8 144	8 144	3 145
Increase From Depreciation Charge For Year Property Plant Equipment						994	569
Intangible Assets					59 691	51 548	43 404	35 259	27 115	18 971	15 826
Intangible Assets Gross Cost					189 134	189 134	189 134	189 134	189 134	189 134
Investments Fixed Assets	127	127	127	127	127	127	127	127	127	127	127
Investments In Group Undertakings Participating Interests							127	127	127	127	127
Net Current Assets Liabilities	-46 149	3 827	21 195	34 438	55 301	64 521	66 186	65 230	73 909	72 853	56 930
Number Shares Issued Fully Paid						2 000	2 000
Other Creditors					98 939	98 939	98 939	98 939	98 939	98 939	98 939
Other Taxation Social Security Payable					18 522	20 572	19 441	25 036	32 136	29 861	20 991
Par Value Share		1	1	1	1	1	1
Property Plant Equipment Gross Cost					12 130	12 130	12 130	12 130	12 130	12 130
Provisions For Liabilities Balance Sheet Subtotal					284	108
Total Assets Less Current Liabilities	83 340	109 285	105 053	94 071	116 681	116 764	109 717	100 616	101 151	91 951	72 883
Trade Creditors Trade Payables					66 432	66 106	68 590	70 559	66 849	48 710	54 663
Trade Debtors Trade Receivables					40 636	56 477	52 320	24 968	21 116	12 852	24 544
Creditors Due After One Year	65 090	84 807	84 724	85 008	98 939
Creditors Due Within One Year	89 596	141 341	134 315	123 010	98 808
Intangible Fixed Assets Aggregate Amortisation Impairment	35 865	59 259	82 653	106 048	129 443
Intangible Fixed Assets Amortisation Charged In Period		23 394	23 394	23 395	23 395
Intangible Fixed Assets Cost Or Valuation	164 134	164 134	164 134	164 134	189 134
Number Shares Allotted		2 000	2 000	2 000	2 000
Provisions For Liabilities Charges		91	450	284
Secured Debts	5 047	8 421	4 878
Share Capital Allotted Called Up Paid	2 000	2 000	2 000	2 000	2 000
Tangible Fixed Assets Additions			2 838		1 137
Tangible Fixed Assets Cost Or Valuation	8 155	8 155	10 993	10 993	12 130
Tangible Fixed Assets Depreciation	7 062	7 699	8 743	9 574	10 568
Tangible Fixed Assets Depreciation Charged In Period		637	1 044	831	994
Advances Credits Directors	10 930	14 216	14 216	14 216
Advances Credits Repaid In Period Directors		3 286
Intangible Fixed Assets Additions					25 000
Net Assets Liability Excluding Pension Asset Liability				9 063	17 742