Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activitytrue11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03326711 2022-04-01 2023-03-31 03326711 2021-04-01 2022-03-31 03326711 2023-03-31 03326711 2022-03-31 03326711 c:Director1 2022-04-01 2023-03-31 03326711 d:PlantMachinery 2022-04-01 2023-03-31 03326711 d:PlantMachinery 2023-03-31 03326711 d:PlantMachinery 2022-03-31 03326711 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03326711 d:FurnitureFittings 2022-04-01 2023-03-31 03326711 d:FurnitureFittings 2023-03-31 03326711 d:FurnitureFittings 2022-03-31 03326711 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03326711 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03326711 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 03326711 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 03326711 d:CurrentFinancialInstruments 2023-03-31 03326711 d:CurrentFinancialInstruments 2022-03-31 03326711 d:Non-currentFinancialInstruments 2023-03-31 03326711 d:Non-currentFinancialInstruments 2022-03-31 03326711 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03326711 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03326711 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03326711 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03326711 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03326711 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 03326711 d:ShareCapital 2023-03-31 03326711 d:ShareCapital 2022-03-31 03326711 d:RetainedEarningsAccumulatedLosses 2023-03-31 03326711 d:RetainedEarningsAccumulatedLosses 2022-03-31 03326711 c:FRS102 2022-04-01 2023-03-31 03326711 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03326711 c:FullAccounts 2022-04-01 2023-03-31 03326711 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03326711 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03326711









AMECHI LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
AMECHI LIMITED
REGISTERED NUMBER: 03326711

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,232
2,224

  
2,232
2,224

Current assets
  

Debtors: amounts falling due within one year
 6 
334,725
254,040

Cash at bank and in hand
 7 
91,964
55,289

  
426,689
309,329

Creditors: amounts falling due within one year
 8 
(251,882)
(177,694)

Net current assets
  
 
 
174,807
 
 
131,635

Total assets less current liabilities
  
177,039
133,859

Creditors: amounts falling due after more than one year
 9 
(17,610)
(40,093)

  

Net assets
  
159,429
93,766


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
158,429
92,766

  
159,429
93,766


Page 1

 
AMECHI LIMITED
REGISTERED NUMBER: 03326711
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S L Scott
Director

Date: 10 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
AMECHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Amechi Limited is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is 2nd Floor Office 203, Courtenay House, 10 Courtenay Road, Wembley, England, HA9 7ND. The registered number is 03326711.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
AMECHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Fixtures & fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
AMECHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
AMECHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Patents

£



Cost


At 1 April 2022
22,500



At 31 March 2023

22,500



Amortisation


At 1 April 2022
22,500



At 31 March 2023

22,500



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
AMECHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
24,781
3,960
28,741


Additions
652
-
652



At 31 March 2023

25,433
3,960
29,393



Depreciation


At 1 April 2022
23,299
3,218
26,517


Charge for the year on owned assets
533
111
644



At 31 March 2023

23,832
3,329
27,161



Net book value



At 31 March 2023
1,601
631
2,232



At 31 March 2022
1,482
742
2,224


6.


Debtors

2023
2022
£
£


Trade debtors
334,725
254,040

334,725
254,040



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
91,962
55,289

91,962
55,289


Page 7

 
AMECHI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,876
14,431

Corporation tax
27,083
22,716

Other taxation and social security
41,658
30,405

Other creditors
165,266
108,562

Accruals and deferred income
2,999
1,580

251,882
177,694



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,610
40,093

17,610
40,093



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
17,610
40,093



Page 8