Company Registration No. 13209825 (England and Wales)
AML Bonders Ltd
Unaudited accounts
for the year ended 31 January 2023
AML Bonders Ltd
Unaudited accounts
Contents
AML Bonders Ltd
Statement of financial position
as at 31 January 2023
Investments
268,400
2,311,000
Cash at bank and in hand
492
-
Creditors: amounts falling due within one year
(445,130)
(2,313,299)
Net current liabilities
(292,363)
(2,313,299)
Net liabilities
(23,963)
(2,299)
Called up share capital
18,260
21,780
Capital redemption reserve
3,520
-
Profit and loss account
(45,743)
(24,079)
Shareholders' funds
(23,963)
(2,299)
For the year ending 31 January 2023 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 19 May 2023 and were signed on its behalf by
Mr D Adamson
Director
Company Registration No. 13209825
AML Bonders Ltd
Notes to the Accounts
for the year ended 31 January 2023
AML Bonders Ltd is a private company, limited by shares, registered in England and Wales, registration number 13209825. The registered office is UNIT 8 LIBRARY AVENUE, HARWELL CAMPUS, DIDCOT, OXFORDSHIRE, OX11 0SG, UNITED KINGDOM.
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 pounds sterling.
Investments in shares are included at fair value.
The company had net liabilities of £23,963 (2022: £2,299) as at the balance sheet date. The directors have reviewed budgets and cash flow forecasts covering a period of more than 12 months from the date of approval of the financial statements and have concluded that the company expects to be able to continue to meet its liabilities as they fall due. Accordingly they have continued to prepare the financial statements on the going concern basis.
4
Investments
Subsidiary undertakings
Valuation at 1 February 2022
2,311,000
Fair value adjustments
(2,042,600)
Valuation at 31 January 2023
268,400
During the year the carrying value of the investment has been adjusted to reflect the return on investment from the receipt of dividends paid out of pre-acquisition reserves of the subsidiary.
Amounts falling due within one year
Amounts due from group undertakings etc.
152,275
-
AML Bonders Ltd
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
1,311,662
Other creditors
443,450
1,000,137
7
Transactions with related parties
The company has taken advantage of the exemption in section 33 of FRS 102 from disclosing transactions with wholly owned subsidiaries within the group.
The company has taken advantage of the small group exemption from preparing consolidated financial statements under section 384 and 399 (2A) of the Companies Act 2006.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
