Amo Amas Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07306612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Amo Amas Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L X P O'Donoghue

Mrs M Gaskell

Miss L N O'Donoghue

SECRETARY:

Mrs M Gaskell

REGISTERED OFFICE:

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

REGISTERED NUMBER:

07306612 (England and Wales)

ACCOUNTANTS:

J Davenport & Co. Ltd

Chartered Accountants

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

FIXED ASSETS

Tangible assets

4

2,607

3,267

Investments

5

150

150

2,757

3,417

CURRENT ASSETS

Debtors

6

164,741

162,729

Cash at bank

11,948

5,822

176,689

168,551

CREDITORS

Amounts falling due within one year

7

119,080

95,626

NET CURRENT ASSETS

57,609

72,925

TOTAL ASSETS LESS CURRENT LIABILITIES

60,366

76,342

CREDITORS

Amounts falling due after more than one year

8

(29,167

)

(39,167

)

PROVISIONS FOR LIABILITIES

(566

)

(566

)

NET ASSETS

30,633

36,609

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

30,433

36,409

SHAREHOLDERS' FUNDS

30,633

36,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 September 2023 and were signed on its behalf by:

Mr L X P O'Donoghue - Director

1.	STATUTORY INFORMATION

Amo Amas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is recognised on the provision of services to clients. Turnover represents the value, net of value added tax of work carried out in respect of services provided to clients.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified, and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2021

26,519

Additions

209

At 31 July 2022

26,728

DEPRECIATION

At 1 August 2021

23,252

Charge for year

869

At 31 July 2022

24,121

NET BOOK VALUE

At 31 July 2022

2,607

At 31 July 2021

3,267

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2021

and 31 July 2022

150

NET BOOK VALUE

At 31 July 2022

150

At 31 July 2021

150

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

70,998

83,717

Amounts owed by group undertakings

93,647

78,922

Prepayments and accrued income

96

90

164,741

162,729

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

7,842

7,505

Tax

44,663

34,415

Social security and other taxes

1,466

1,306

VAT

21,607

19,762

Other creditors

236

4,355

Directors' current accounts

30,836

11,587

Accrued expenses

2,430

6,696

119,080

95,626

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans - 2-5 years

29,167

39,167

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2021 - £56,000) were paid to the directors .