Amigo International Trading Limited - Accounts to registrar (filleted) - small 23.1.2

Amigo International Trading Limited - Accounts to registrar (filleted) - small 23.1.2

AMIGO INTERNATIONAL TRADING LIMITED - Company Information

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IRIS Accounts Production v23.1.5.20 09248656 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092486562021-12-31092486562022-12-31092486562022-01-012022-12-31092486562020-12-31092486562021-01-012021-12-31092486562021-12-3109248656ns14:PoundSterling2022-01-012022-12-3109248656ns10:Director12022-01-012022-12-3109248656ns10:PrivateLimitedCompanyLtd2022-01-012022-12-3109248656ns10:SmallEntities2022-01-012022-12-3109248656ns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3109248656ns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3109248656ns10:SmallCompaniesRegimeForAccounts2022-01-012022-12-3109248656ns10:FullAccounts2022-01-012022-12-3109248656ns10:Director22022-01-012022-12-3109248656ns10:Director32022-01-012022-12-3109248656ns10:RegisteredOffice2022-01-012022-12-3109248656ns5:CurrentFinancialInstruments2022-12-3109248656ns5:CurrentFinancialInstruments2021-12-3109248656ns5:Non-currentFinancialInstruments2022-12-3109248656ns5:Non-currentFinancialInstruments2021-12-3109248656ns5:ShareCapital2022-12-3109248656ns5:ShareCapital2021-12-3109248656ns5:RetainedEarningsAccumulatedLosses2022-12-3109248656ns5:RetainedEarningsAccumulatedLosses2021-12-3109248656ns5:FurnitureFittings2022-01-012022-12-3109248656ns5:FurnitureFittings2021-12-3109248656ns5:FurnitureFittings2022-12-3109248656ns5:FurnitureFittings2021-12-3109248656ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109248656ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-31
REGISTERED NUMBER: 09248656















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

AMIGO INTERNATIONAL TRADING LIMITED
AMIGO INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 09248656)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMIGO INTERNATIONAL TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: S M Mehta
A Banerjee
A Mehta





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 09248656





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY
Page 1
AMIGO INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 09248656)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,519 30,228

CURRENT ASSETS
Stocks 5 30,000 55,000
Debtors 6 405,000 401,029
Cash at bank and in hand 13,077 66,314
448,077 522,343
CREDITORS
Amounts falling due within one year 7 129,314 248,318
NET CURRENT ASSETS 318,763 274,025
TOTAL ASSETS LESS CURRENT
LIABILITIES
342,282
304,253

CREDITORS
Amounts falling due after more than one year 8 40,835 40,000
NET ASSETS 301,447 264,253

CAPITAL AND RESERVES
Called up share capital 76,000 76,000
Retained earnings 225,447 188,253
SHAREHOLDERS' FUNDS 301,447 264,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





S M Mehta - Director


The notes form part of these financial statements

Page 2
AMIGO INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 09248656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Amigo International Trading Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022 61,844
Additions 957
At 31 December 2022 62,801
DEPRECIATION
At 1 January 2022 31,616
Charge for year 7,666
At 31 December 2022 39,282
NET BOOK VALUE
At 31 December 2022 23,519
At 31 December 2021 30,228

Page 3 continued...
AMIGO INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 09248656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. STOCKS
2022 2021
£    £   
Finished goods 30,000 55,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,854 2,854
Amounts owed by associated companies 125,175 123,175
Other debtors 276,971 275,000
405,000 401,029

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 6,519 10,000
Trade creditors 9,465 1,797
Amounts owed to associated companies 3,000 53,000
Taxation and social security 18,012 46,470
Other creditors 92,318 137,051
129,314 248,318

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 40,835 40,000

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 13,069 -
13,069 -

9. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £6,854 (2021: £79,359) due to S M Mehta, director of the company.

Included in debtors is an amount of £105,175 (2021: £123,175) due from The East India Company Gin Limited and £70,000 (2021: £Nil) from The East India Company Collection Limited.

Included in creditors is an amount of £3,000 (2021: £53,000) due to The East India Company Food and Beverages Limited.

The East India Company Gin Limited, East India Collection Limited and The East India Company Food and Beverages Limited and Amigo International Trading Limited are related party by virtue of having a common director.

Included in other debtors is an amount of £145,000 [2021:£145,000] and £130,000 (2021:£130,000) due from Shuruat Limited and Edge Mobility respectively. These companies are managed and controlled by a close family member of S M Mehta.

There are no terms as to interest and repayment in respect of these balances.

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