Amo Amas Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07306612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2019

for

Amo Amas Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L X P O'Donoghue

Mrs M Gaskell

Miss L N O'Donoghue

SECRETARY:

Mrs M Gaskell

REGISTERED OFFICE:

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

REGISTERED NUMBER:

07306612 (England and Wales)

ACCOUNTANTS:

J Davenport & Co. Ltd

Chartered Accountants

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

FIXED ASSETS

Tangible assets

4

5,710

7,341

Investments

5

150

150

5,860

7,491

CURRENT ASSETS

Debtors

6

81,026

68,026

Cash at bank

41,346

20,496

122,372

88,522

CREDITORS

Amounts falling due within one year

7

75,824

94,798

NET CURRENT ASSETS/(LIABILITIES)

46,548

(6,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,408

1,215

PROVISIONS FOR LIABILITIES

1,003

1,294

NET ASSETS/(LIABILITIES)

51,405

(79

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

51,205

(279

)

SHAREHOLDERS' FUNDS

51,405

(79

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 13 July 2020 and were signed on its behalf by:

Mr L X P O'Donoghue - Director

1.	STATUTORY INFORMATION

Amo Amas Limited 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is recognised on the provision of services to clients. Turnover represents the value, net of value added

tax of work carried out in respect of services provided to clients.

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

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified, and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

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 6 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2018

26,146

Additions

273

At 31 July 2019

26,419

DEPRECIATION

At 1 August 2018

18,805

Charge for year

1,904

At 31 July 2019

20,709

NET BOOK VALUE

At 31 July 2019

5,710

At 31 July 2018

7,341

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2018

and 31 July 2019

150

NET BOOK VALUE

At 31 July 2019

150

At 31 July 2018

150

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade debtors

66,434

60,852

Amounts owed by group undertakings

14,275

6,490

Other debtors

240

-

Prepayments and accrued income

77

684

81,026

68,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other loans

3,655

8,257

Trade creditors

-

365

Amounts owed to group undertakings

-

75

Tax

35,825

20,773

Social security and other taxes

1,358

1,330

VAT

22,165

23,939

Other creditors

391

229

Directors' current accounts

7,966

37,490

Accrued expenses

4,464

2,340

75,824

94,798

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £56,000 (2018 - £40,600) were paid to the directors .