Company Registration No. 09739740 (England and Wales)
Amzco Limited
Unaudited accounts
for the year ended 31 March 2017
Amzco Limited
Unaudited accounts
Contents
Amzco Limited
Company Information
for the year ended 31 March 2017
Directors
Winston Reed
Christopher Hawkins
Company Number
09739740 (England and Wales)
Registered Office
Cleave Farm
Templeton
Tiverton
Devon
EX16 8BP
Accountants
EllamWalker Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Amzco Limited
Statement of financial position
as at 31 March 2017
Cash at bank and in hand
8,381
-
Creditors: amounts falling due within one year
(199,983)
-
Net current assets
83,380
100
Total assets less current liabilities
121,835
100
Creditors: amounts falling due after more than one year
(9,987)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
111,196
-
Shareholders' funds
111,296
100
For the year ending 31 March 2017 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.
Approved by the Board on 27 December 2017.
Winston Reed
Director
Company Registration No. 09739740
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2017
Amzco Limited is a private company, limited by shares, registered in England and Wales, registration number 09739740. The registered office is Cleave Farm, Templeton, Tiverton, Devon, EX16 8BP.
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 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 £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
35,583
4,870
3,077
43,530
At 31 March 2017
35,583
4,870
3,077
43,530
Charge for the year
4,782
101
192
5,075
At 31 March 2017
4,782
101
192
5,075
At 31 March 2017
30,801
4,769
2,885
38,455
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
16,900
-
Accrued income and prepayments
2,538
-
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
5,004
-
Taxes and social security
88,423
-
Loans from directors
21,899
-
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
9,987
-
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Operating lease commitments
2017
2016
At 31 March 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
11,000
-
11
Transactions with related parties
Included in other debtors is a loan to GFL Dairy Ltd of £132,323 (2016 - £Nil). W Reed is a director of GFL Dairy Ltd.
Included in other creditors is a loan from Greener for Life Energy Ltd of £8,000 (2016 - £Nil). W Reed is a director of Greener for Life Energy Ltd
Also included in other creditors is a loan from Greener for Life HR Ltd of £1,000 (2016 - £Nil). W Reed is a director of Greener for Life HR Ltd
The controlling party is Winston Reed
13
Average number of employees
During the year the average number of employees was 3 (2016: 0).
