AMP Athletic Limited Filleted Accounts Cover
AMP Athletic Limited
Company No. 11012173
Information for Filing with The Registrar
31 January 2023
AMP Athletic Limited Balance Sheet Registrar
at
31 January 2023
Company No.
11012173
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
47,34750,021
Tangible assets
5
385,587398,050
432,934448,071
Current assets
Debtors
6
80,71479,423
Cash at bank and in hand
90,83871,527
171,552150,950
Creditors: Amount falling due within one year
7
(150,628)
(81,655)
Net current assets
20,92469,295
Total assets less current liabilities
453,858517,366
Creditors: Amounts falling due after more than one year
8
(23,704)
(33,565)
Net assets
430,154483,801
Capital and reserves
Called up share capital
247247
Share premium account
9
884,789884,789
Profit and loss account
9
(454,882)
(401,235)
Total equity
430,154483,801
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 October 2023
And signed on its behalf by:
S. Mellor
Director
20 October 2023
AMP Athletic Limited Notes to the Accounts Registrar
for the year ended 31 January 2023
1
General information
Its registered number is: 11012173
Its registered office is:
473 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
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 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.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
4% Straight line method
Furniture, fittings and equipment
20% Reducing balance Method
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
148
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 February 2022
58,29658,296
At 31 January 2023
58,29658,296
Amortisation and impairment
At 1 February 2022
8,2758,275
Charge for the year
2,6742,674
At 31 January 2023
10,94910,949
Net book values
At 31 January 2023
47,34747,347
At 31 January 2022
50,02150,021
5
Tangible fixed assets
Land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 February 2022
404,99470,707475,701
Additions
-12,55812,558
At 31 January 2023
404,99483,265488,259
Depreciation
At 1 February 2022
43,91533,73677,651
Charge for the year
16,4048,61725,021
At 31 January 2023
60,31942,353102,672
Net book values
At 31 January 2023
344,67540,912385,587
At 31 January 2022
361,079
36,971
398,050
6
Debtors
2023
2022
£
£
Other debtors
23,48228,055
Prepayments and accrued income
57,23251,368
80,71479,423
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Other loans
9,8619,861
Trade creditors
9-
Taxes and social security
64,551
50,597
Other creditors
13,3461,074
Accruals and deferred income
62,86120,123
150,62881,655
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other loans
23,70433,565
23,70433,565
9
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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