| Amagen Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2020 |
2,845 |
|
At 31 March 2021 |
2,845 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2020 |
2,844 |
|
At 31 March 2021 |
2,844 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2021 |
1 |
|
At 31 March 2020 |
1 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2020 |
11,929 |
|
Additions |
2,257 |
|
At 31 March 2021 |
14,186 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2020 |
8,027 |
|
Charge for the year |
1,540 |
|
At 31 March 2021 |
9,567 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2021 |
4,619 |
|
At 31 March 2020 |
3,902 |
|
|
| 5 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
- |
|
1,566 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Bank loans and overdrafts |
25,000 |
|
- |
|
Taxation and social security costs |
17,375 |
|
14,443 |
|
Other creditors |
3,974 |
|
- |
|
|
|
|
|
|
46,349 |
|
14,443 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Amagen Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Old Bakery |
|
Gunville Road |
|
Winterslow |
|
Wiltshire |
|
SP5 1PP |
