Amani Advisors & Contractors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08243111 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2016 TO 30 OCTOBER 2017

FOR

AMANI ADVISORS & CONTRACTORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms C P Promos Promopoulos

Mr A P Promos Promopoulos

REGISTERED OFFICE:

11 Romney Place

Maidstone

Kent

ME15 6LE

REGISTERED NUMBER:

08243111 (England and Wales)

ACCOUNTANTS:

Mackenzies

Chartered Accountants

12 Romney Place

Maidstone

Kent

ME15 6LE

CURRENT ASSETS

Debtors

4

40,471

35,043

Cash at bank

-

137

40,471

35,180

CREDITORS

Amounts falling due within one year

5

5,993

2,793

NET CURRENT ASSETS

34,478

32,387

TOTAL ASSETS LESS CURRENT LIABILITIES

34,478

32,387

CAPITAL AND RESERVES

Called up share capital

6

120

120

Retained earnings

7

34,358

32,267

SHAREHOLDERS' FUNDS

34,478

32,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 22 October 2018 and were signed on its behalf by:

Ms C P Promos Promopoulos - Director

Mr A P Promos Promopoulos - Director

1.	STATUTORY INFORMATION

Amani Advisors & Contractors Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

€

€

Other debtors

36,692

31,318

VAT

2,294

2,005

Prepayments

1,485

1,720

40,471

35,043

Other debtors represent amounts owed by the principal in an agency arrangement with this company. Please

refer to note 10.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

€

€

Tax

531

1,707

Directors' current accounts

3,366

-

Accrued expenses

2,096

1,086

5,993

2,793

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

€

€

100

Ordinary

£1

120

120

7.

RESERVES

Retained

earnings

€

At 1 November 2016

32,267

Profit for the period

2,091

At 30 October 2017

34,358

8.	RELATED PARTY DISCLOSURES

During the year the company received commission under an agency agreement. The total commission earned

from the agency agreement in the year amounted to €150,308 (2016: €202,323), and the company's share of

commissions in the year represents 10% of the total commissions generated. The remaining 90% of commissions

were passed to AC Limited, a company which was controlled by a third party on behalf of the directors, and

which is registered in Belize.

The total gross income generated from the agency agreement in the year amounted to €278,260 (2016:

€283,044).

At the year end the company was due net commissions amounting to €36,692 (2016: €31,318), and these

amounts are shown within debtors.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The share holders between themselves hold the entire share capital of the

company.