Company Registration No. 09739740 (England and Wales)
Amzco Limited
Unaudited accounts
for the year ended 31 March 2021
Amzco Limited
Unaudited accounts
Contents
Amzco Limited
Company Information
for the year ended 31 March 2021
Directors
Winston Reed
Christopher Hawkins
Company Number
09739740 (England and Wales)
Registered Office
Cleave Farm
Templeton
Tiverton
Devon
EX16 8BP
Accountants
EllamWalker Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Amzco Limited
Statement of financial position
as at 31 March 2021
Tangible assets
39,150
49,448
Cash at bank and in hand
(13)
-
Creditors: amounts falling due within one year
(498,123)
(516,185)
Net current liabilities
(9,981)
(27,792)
Total assets less current liabilities
29,169
21,656
Creditors: amounts falling due after more than one year
-
(128)
Provisions for liabilities
Deferred tax
(9,395)
(9,395)
Called up share capital
100
100
Profit and loss account
19,674
12,033
Shareholders' funds
19,774
12,133
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2022 and were signed on its behalf by
Winston Reed
Director
Company Registration No. 09739740
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2021
Amzco Limited is a private company, limited by shares, registered in England and Wales, registration number 09739740. The registered office is Cleave Farm, Templeton, Tiverton, Devon, EX16 8BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
59,774
29,950
1,769
5,585
97,078
At 31 March 2021
59,774
29,950
1,769
5,585
97,078
At 1 April 2020
29,499
14,507
800
2,824
47,630
Charge for the year
6,055
3,497
194
552
10,298
At 31 March 2021
35,554
18,004
994
3,376
57,928
At 31 March 2021
24,220
11,946
775
2,209
39,150
At 31 March 2020
30,275
15,443
969
2,761
49,448
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
18,381
- Motor vehicles
5,824
7,280
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
15,625
15,625
Amounts due from group undertakings etc.
388,363
388,363
Accrued income and prepayments
-
238
Other debtors
84,167
84,167
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
28,000
-
Obligations under finance leases and hire purchase contracts
724
10,716
Trade creditors
4,689
4,689
Amounts owed to group undertakings and other participating interests
425,963
460,560
Taxes and social security
200
-
Loans from directors
18,495
18,495
The obligations under finance leases and hire purchase contracts of £724 (2020- £10,716) will be secured against the machinery purchased.
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
128
The obligations under finance leases and hire purchase contracts of £Nil (2020 - £128) will be secured against the machinery purchased.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included in other debtors is a loan to GFL Dairy Ltd of £376,363 (2020 - £376,363). W Reed is a director of GFL Dairy Ltd.
Also included in other debtors is a loan to Willand O&M Ltd of £12,000 (2020 - £Nil). W Reed is a director of Willand O&M Ltd.
Included in other creditors is a loan from Greener for Life Energy Ltd of £200,309 (2020 - £200,309). W Reed is a director of Greener for Life Energy Ltd.
Also included in other creditors is a loan from Greener for Life HR Ltd of £1,000 (2020 - £1,000). W Reed is a director of Greener for Life HR Ltd
Also included in other creditors is a loan from Amzco Construction Ltd of £224,655 (2020 - £259,251). W Reed and C Hawkins are directors of Amzco Construction Ltd
The controlling party is Winston Reed
11
Average number of employees
During the year the average number of employees was 0 (2020: 0).
