AMEE LTD

2022-01-012022-12-312022-12-31false06630234AMEE LTD2023-07-19iso4217:GBPxbrli:pure066302342022-01-01066302342022-12-31066302342022-01-012022-12-31066302342021-01-01066302342021-12-31066302342021-01-012021-12-3106630234bus:SmallEntities2022-01-012022-12-3106630234bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3106630234bus:FullAccounts2022-01-012022-12-3106630234bus:PrivateLimitedCompanyLtd2022-01-012022-12-3106630234core:WithinOneYear2022-12-3106630234core:AfterOneYear2022-12-3106630234core:WithinOneYear2021-12-3106630234core:AfterOneYear2021-12-3106630234core:ShareCapital2022-12-3106630234core:SharePremium2022-12-3106630234core:RevaluationReserve2022-12-3106630234core:OtherReservesSubtotal2022-12-3106630234core:RetainedEarningsAccumulatedLosses2022-12-3106630234core:ShareCapital2021-12-3106630234core:SharePremium2021-12-3106630234core:RevaluationReserve2021-12-3106630234core:OtherReservesSubtotal2021-12-3106630234core:RetainedEarningsAccumulatedLosses2021-12-3106630234core:LandBuildings2022-12-3106630234core:PlantMachinery2022-12-3106630234core:Vehicles2022-12-3106630234core:FurnitureFittings2022-12-3106630234core:OfficeEquipment2022-12-3106630234core:NetGoodwill2022-12-3106630234core:IntangibleAssetsOtherThanGoodwill2022-12-3106630234core:ListedExchangeTraded2022-12-3106630234core:UnlistedNon-exchangeTraded2022-12-3106630234core:LandBuildings2021-12-3106630234core:PlantMachinery2021-12-3106630234core:Vehicles2021-12-3106630234core:FurnitureFittings2021-12-3106630234core:OfficeEquipment2021-12-3106630234core:NetGoodwill2021-12-3106630234core:IntangibleAssetsOtherThanGoodwill2021-12-3106630234core:ListedExchangeTraded2021-12-3106630234core:UnlistedNon-exchangeTraded2021-12-3106630234core:LandBuildings2022-01-012022-12-3106630234core:PlantMachinery2022-01-012022-12-3106630234core:Vehicles2022-01-012022-12-3106630234core:FurnitureFittings2022-01-012022-12-3106630234core:OfficeEquipment2022-01-012022-12-3106630234core:NetGoodwill2022-01-012022-12-3106630234core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3106630234core:ListedExchangeTraded2022-01-012022-12-3106630234core:UnlistedNon-exchangeTraded2022-01-012022-12-3106630234core:MoreThanFiveYears2022-01-012022-12-3106630234core:Non-currentFinancialInstruments2022-12-3106630234core:Non-currentFinancialInstruments2021-12-3106630234dpl:CostSales2022-01-012022-12-3106630234dpl:DistributionCosts2022-01-012022-12-3106630234dpl:AdministrativeExpenses2022-01-012022-12-3106630234core:LandBuildings2022-01-012022-12-3106630234core:PlantMachinery2022-01-012022-12-3106630234core:Vehicles2022-01-012022-12-3106630234core:FurnitureFittings2022-01-012022-12-3106630234core:OfficeEquipment2022-01-012022-12-3106630234core:NetGoodwill2022-01-012022-12-3106630234core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3106630234dpl:GroupUndertakings2022-01-012022-12-3106630234dpl:ParticipatingInterests2022-01-012022-12-3106630234dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3106630234core:ListedExchangeTraded2022-01-012022-12-3106630234dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3106630234core:UnlistedNon-exchangeTraded2022-01-012022-12-3106630234dpl:CostSales2021-01-012021-12-3106630234dpl:DistributionCosts2021-01-012021-12-3106630234dpl:AdministrativeExpenses2021-01-012021-12-3106630234core:LandBuildings2021-01-012021-12-3106630234core:PlantMachinery2021-01-012021-12-3106630234core:Vehicles2021-01-012021-12-3106630234core:FurnitureFittings2021-01-012021-12-3106630234core:OfficeEquipment2021-01-012021-12-3106630234core:NetGoodwill2021-01-012021-12-3106630234core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3106630234dpl:GroupUndertakings2021-01-012021-12-3106630234dpl:ParticipatingInterests2021-01-012021-12-3106630234dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3106630234core:ListedExchangeTraded2021-01-012021-12-3106630234dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3106630234core:UnlistedNon-exchangeTraded2021-01-012021-12-3106630234core:NetGoodwill2022-12-3106630234core:IntangibleAssetsOtherThanGoodwill2022-12-3106630234core:LandBuildings2022-12-3106630234core:PlantMachinery2022-12-3106630234core:Vehicles2022-12-3106630234core:FurnitureFittings2022-12-3106630234core:OfficeEquipment2022-12-3106630234core:AfterOneYear2022-12-3106630234core:WithinOneYear2022-12-3106630234core:ListedExchangeTraded2022-12-3106630234core:UnlistedNon-exchangeTraded2022-12-3106630234core:ShareCapital2022-12-3106630234core:SharePremium2022-12-3106630234core:RevaluationReserve2022-12-3106630234core:OtherReservesSubtotal2022-12-3106630234core:RetainedEarningsAccumulatedLosses2022-12-3106630234core:NetGoodwill2021-12-3106630234core:IntangibleAssetsOtherThanGoodwill2021-12-3106630234core:LandBuildings2021-12-3106630234core:PlantMachinery2021-12-3106630234core:Vehicles2021-12-3106630234core:FurnitureFittings2021-12-3106630234core:OfficeEquipment2021-12-3106630234core:AfterOneYear2021-12-3106630234core:WithinOneYear2021-12-3106630234core:ListedExchange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AMEE LTD

Registered Number
06630234
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

AMEE LTD

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	K Choe
	A N Shah


Registered Address	7th Floor 52 Grosvenor Gardens
	London
	SW1W 0AU


Registered Number	06630234 (England and Wales)

AMEE LTD

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Current assets
Debtors	9	1,397,477		1,216,005
Cash at bank and on hand		3,262		38,437
		1,400,739		1,254,442
Net current assets (liabilities)			1,400,739		1,254,442
Total assets less current liabilities			1,400,739		1,254,442
Net assets			1,400,739		1,254,442
Capital and reserves
Called up share capital			100		100
Other reserves			6,521,547		6,521,547
Profit and loss account			(5,120,908)		(5,267,205)
Shareholders' funds			1,400,739		1,254,442

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 19 July 2023, and are signed on its behalf by:

K Choe
Director
Registered Company No. 06630234

AMEE LTD

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The company's principal activity during the year continued to be that of the provision of data and information in respect of commercial products and consultancy services.

4.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention.

5.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Property, plant and equipment policy
	Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment policy

Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

	Revenue recognition policy
	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.

	Taxation policy
	Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Taxation policy

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Valuation of financial instruments policy
	The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently,at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

Valuation of financial instruments policy

The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. 

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. 

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently,at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. 

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

6.	Employee information


		2022		2021
	Average number of employees during the year	2		2

7.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 22	47,782	47,782
At 31 December 22	47,782	47,782
Depreciation and impairment
At 01 January 22	47,782	47,782
At 31 December 22	47,782	47,782
Net book value
At 31 December 22	-	-
At 31 December 21	-	-

8.	Description of nature of transactions and balances with related parties
	Ultimate Controlling party: The ultimate controlling party is Predictx Ltd, a company incorporated in England & Wales.

9.	Debtors

	2022	2021
	£	£
Amounts owed by group undertakings	721,242	505,454
Deferred tax asset, debtors (Non-current)	676,235	710,551
Total	1,397,477	1,216,005