Amplified Business Content Limited
Amplified Business Content Limited
Registered number: 07953063
Unaudited Financial Statements
For The Year Ended
30 November 2020
Amplified Business Content Limited
Unaudited Financial Statements
For The Year Ended
30 November 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Amplified Business Content Limited
Balance Sheet
As at
30 November 2020
Balance Sheet
Registered number:
07953063
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Share premium account |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (129,272) | (127,218) | |||
Page 1
Amplified Business Content Limited
Balance Sheet (continued)
As at
30 November 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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|
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Amplified Business Content Limited
Notes to the Financial Statements
For The Year Ended
30 November 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2019: 2)
4.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| As at
|
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| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
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| Net Book Value | |
| As at
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| As at
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Page 3
Amplified Business Content Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 November 2020
5.
Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at
|
100,000 |
| As at
|
100,000 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
100,000 |
| As at
|
100,000 |
The investment held is 10% share capital in Hub XV Limited (company number 11035112) which has been valued by reference to a market rate transaction of Hub XV during the 2018 year.
6.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
( |
( |
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| Other debtors |
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| Other debtors - Intercompany |
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| VAT |
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- | |
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7.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other taxes and social security | - |
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| VAT | - |
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| Other creditors - Intercompany |
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| Accruals and deferred income |
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| Director's loan account |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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Page 4
Amplified Business Content Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 November 2020
10.
Related Party Transactions
Nicholas James, a director and shareholder was owed £20,218 from the business (2019: owed from the business £8,427). The loan was unsecured, interest free and repayable on demand.
11.
General Information
Amplified Business Content Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07953063
. The registered office is International House, Holborn Viaduct, London, EC1A 2BN.
Page 5