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REGISTERED NUMBER: 08268981 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Amalyst Limited

Amalyst Limited (Registered number: 08268981)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Amalyst Limited (Registered number: 08268981)

Balance Sheet
30 April 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 92
- 92

CURRENT ASSETS
Debtors 6 4,350 10,106
Cash at bank and in hand 70,361 161,796
74,711 171,902
CREDITORS
Amounts falling due within one year 7 (1,266 ) (132,247 )
NET CURRENT ASSETS 73,445 39,655
TOTAL ASSETS LESS CURRENT LIABILITIES 73,445 39,747

CAPITAL AND RESERVES
Called up share capital 8 22 22
Share premium 706,134 706,134
Retained earnings (632,711 ) (666,409 )
SHAREHOLDERS' FUNDS 73,445 39,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Amalyst Limited (Registered number: 08268981)

Balance Sheet - continued
30 April 2022


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 8 September 2022 and were signed on its behalf by:





Dr D R Hodgson - Director


Amalyst Limited (Registered number: 08268981)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Amalyst Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08268981

Registered office: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc - 33% on cost and 25% on cost

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.

Amalyst Limited (Registered number: 08268981)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Acquired patents
Acquired patents are amortised over their useful economic life of five years.

Grants
Grants relating to revenue expenditure are recognised as income, when the expenditure is incurred.

Going concern
Like the majority of companies performing cutting edge scientific research, the company's ability to continue as a going concern is dependent on its continued ability to raise finance from investors and obtain grants.

The directors are reviewing strategic options and are keeping costs under tight control. Changes implemented in the business lead the directors to believe the company is a going concern, but the directors are aware that the business is dependent on income that needs to be realised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2021
and 30 April 2022 175,970
AMORTISATION
At 1 May 2021
and 30 April 2022 175,970
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 -

Amalyst Limited (Registered number: 08268981)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021
and 30 April 2022 34,896
DEPRECIATION
At 1 May 2021 34,804
Charge for year 92
At 30 April 2022 34,896
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 92

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 4,350 10,106

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 3,703
Taxation and social security (642 ) 443
Other creditors 1,908 128,101
1,266 132,247

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
21,979 Ordinary Shares £0.00 1 22 22

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders. There is no individual controlling party.