AMA Invest Ltd - Accounts

AMA Invest Ltd - Accounts

AMA INVEST LTD - Company Information

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Registered Number: 04030124
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 June 2020

for

AMA INVEST LTD

AMA Invest Ltd
Contents Page
For the year ended 30 June 2020
Directors Marcela Tise
Manuela Morar
Registered Number 04030124
Registered Office Beta Terrace Unit 5
West Road, Ransomes Europark
Ipswich
IP3 9SX
Accountants Quove Accounting Ltd
The Vision Centre
5 Eastern Way
Bury St Edmunds
IP32 7AB
1
The directors present their annual report and the financial statements for the year ended 30 June 2020
Principal activities
The companys principal activity during the year was the ownership of property and investments.
Directors
The directors who served the company throughout the year were as follows:
Marcela Tise
Manuela Morar
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Marcela Tise
Director

Date approved: 26 January 2021
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 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 101,238    104,148 
Investments 3 2    2 
101,240    104,150 
Current assets      
Debtors 4 66,235    66,235 
Cash at bank and in hand 77,716    38,131 
143,951    104,366 
Creditors: amount falling due within one year 5 (25,383)   (5,022)
Net current assets 118,568    99,344 
 
Total assets less current liabilities 219,808    203,494 
Net assets 219,808    203,494 
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account 219,806    203,492 
Shareholders funds 219,808    203,494 
 


For the year ended 30 June 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 January 2021 and were signed on its behalf by:


--------------------------------
Marcela Tise
Director
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General Information
AMA Invest Ltd is a private company, limited by shares , registered in England and Wales , registration number 04030124 , registration address Beta Terrace Unit 5, West Road, Ransomes Europark, Ipswich, IP3 9SX.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold buildings - 2% on cost
Plant - 20% on reducing balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 July 2019 137,909    2,408    4,999    145,316 
Additions -    -    -    - 
Disposals -    -    -    - 
At 30 June 2020 137,909    2,408    4,999    145,316 
Depreciation
At 01 July 2019 35,859    2,408    2,901    41,168 
Charge for year 2,491    -    419    2,910 
On disposals -    -    -    - 
At 30 June 2020 38,350    2,408    3,320    44,078 
Net book values
Closing balance as at 30 June 2020 99,559    -    1,679    101,238 
Opening balance as at 01 July 2019 102,050    2,098    -    104,148 


3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 July 2019 2    2 
Additions -    - 
Disposals -    - 
At 30 June 2020 2    2 

4.

Debtors: amounts falling due within one year

2020
£		   2019
£
Amount Owed by Group Undertakings 66,235    66,235 
66,235    66,235 

5.

Creditors: amount falling due within one year

2020
£		   2019
£
Corporation Tax 8,028    2,667 
Accrued Expenses 500    500 
Directors' Current Accounts 16,855    1,855 
25,383    5,022 

6.

Average number of employees

Average number of employees during the year was 1 (2019 : 1)
7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2020
£		 2019
£		 2020
£		 2019
£
Anglia Living Care Services Ltd44,200 22,000 66,235 30,855 


Anglia Living Care Services Ltd
The company's subsidiary, Anglia Living Care Services Ltd was charged rent and management charges.
4