Registered number
12496962
Amodal Limited
Filleted Accounts
31 March 2022
Amodal Limited
Registered number: 12496962
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 57,227 20,457
Current assets
Debtors 4 126,916 233,332
Cash at bank and in hand 101,860 58,990
228,776 292,322
Creditors: amounts falling due within one year 5 (228,842) (297,038)
Net current liabilities (66) (4,716)
Total assets less current liabilities 57,161 15,741
Creditors: amounts falling due after more than one year 6 (35,256) -
Provisions for liabilities (10,873) (3,887)
Net assets 11,032 11,854
Capital and reserves
Called up share capital 1,240 1,240
Profit and loss account 9,792 10,614
Shareholders' funds 11,032 11,854
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Barber
Director
Approved by the board on 16 August 2022
Amodal Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years straight line basis
Fixtures, fittings, tools and equipment over 3 years straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 13 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2021 25,276 - 25,276
Additions 8,632 52,590 61,222
At 31 March 2022 33,908 52,590 86,498
Depreciation
At 1 April 2021 4,819 - 4,819
Charge for the year 11,304 13,148 24,452
At 31 March 2022 16,123 13,148 29,271
Net book value
At 31 March 2022 17,785 39,442 57,227
At 31 March 2021 20,457 - 20,457
4 Debtors 2022 2021
£ £
Trade debtors 116,916 233,332
Other debtors 10,000 -
126,916 233,332
5 Creditors: amounts falling due within one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts 10,948 -
Trade creditors 238 22,424
Corporation tax 69,933 66,553
Other taxation and social security costs 115,723 56,307
Director's loan account 30,000 98,792
Other creditors 2,000 52,962
228,842 297,038
6 Creditors: amounts falling due after one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts 35,256 -
7 Controlling party
There is no overall controlling party. T Whiting and M Barber (directors) each control 50% of the voting rights through their ownership of 50% of the Issued Ordinary Share Capital.
8 Other information
Amodal Limited is a private company limited by shares and incorporated in England. Its registered office is:
Victoria House
88 The Causeway
Maldon
Essex
CM9 4LL
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