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Registered number: 04619342

AMSPAC LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

Prepared By:
Hope Jones
Chartered Accountants and Registered Auditors
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

AMSPAC LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
DIRECTORS
Mr. A. Steavenson
SECRETARY
Mrs. E. Steavenson
REGISTERED OFFICE
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04619342
ACCOUNTANTS
Hope Jones
Chartered Accountants and Registered Auditors
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

AMSPAC LIMITED

ACCOUNTS
FOR THEYEARENDED31 MARCH 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AMSPAC LIMITED

BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets29811,860
CURRENT ASSETS
Stock51,87840,461
Debtors437,09846,778
Cash at bank and in hand48,68758,088
137,663145,327
CREDITORS: Amounts falling due within one year549,44556,418
NET CURRENT ASSETS88,21888,909
TOTAL ASSETS LESS CURRENT LIABILITIES89,19990,769
PROVISIONS FOR LIABILITIES AND CHARGES7186353
NET ASSETS89,01390,416
CAPITAL AND RESERVES
Called up share capital8102102
Profit and loss account88,91190,314
SHAREHOLDERS' FUNDS89,01390,416
For the year ending 31 March 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20 October 2023 and signed on their behalf by
.............................
Mr. A. Steavenson
Director

AMSPAC LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

AMSPAC LIMITED

2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 1 April 202210,34110,341
At 31 March 202310,34110,341
Depreciation
At 1 April 20228,4818,481
For the year879879
At 31 March 20239,3609,360
Net Book Amounts
At 31 March 2023981981
At 31 March 20221,8601,860
3. STOCK 20232022
££
Stock comprises:
Stock51,87840,461
51,87840,461
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors35,41743,873
Prepayments1,6812,905
37,09846,778

AMSPAC LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax16,25820,303
VAT9,7619,399
Directors current account59189
Trade creditors20,00523,322
Other creditors1,4801,480
Accruals1,3501,825
49,44556,418
6. EMPLOYEES
20232022
No.No.
Average number of employees--
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation186353
186353
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
1 Class B shares of £1 each11
1 Class C shares of £1 each11
102102

AMSPAC LIMITED

9. CONTROLLING PARTY
The company is controlled by Mr A Steavenson and Mrs E Steavenson who, together, own 100% of the issued share capital.
10. RELATED PARTY TRANSACTIONS
During the year to 31st March 2023 Crazy Horses Limited, a company in which Mr A Steavenson is a director and shareholder, invoiced Amspac Limited £45,658 (2022 - £17,314) for goods and services.
At the year end the amount due to Crazy Horses Limited amounted to £1,480 (2022 - £1,480).