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COMPANY REGISTRATION NUMBER: 09856175
Amenz Eco Engineering Ltd
Filleted Unaudited Financial Statements
For the year ended
31 December 2022
Amenz Eco Engineering Ltd
Financial Statements
Year ended 31 December 2022
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Amenz Eco Engineering Ltd
Officers and Professional Advisers
THE BOARD OF DIRECTORS
O E Macey
K Beeby
REGISTERED OFFICE
8a The Green
Eaton Ford
St Neots
England
PE19 7AF
ACCOUNTANTS
Streets
Chartered accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
Amenz Eco Engineering Ltd
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Intangible assets
5
8,500
Tangible assets
6
36,949
--------
----
45,449
Current assets
Stocks
197,291
Debtors
7
619,052
224
Cash at bank and in hand
130,538
---------
----
946,881
224
Creditors: amounts falling due within one year
8
795,777
2,244
---------
-------
Net current assets/(liabilities)
151,104
( 2,020)
---------
-------
Total assets less current liabilities
196,553
( 2,020)
Creditors: amounts falling due after more than one year
9
46,168
Provisions
1,776
---------
-------
Net assets/(liabilities)
148,609
( 2,020)
---------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
148,509
( 2,120)
---------
-------
Shareholders funds/(deficit)
148,609
( 2,020)
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Amenz Eco Engineering Ltd
Statement of Financial Position (continued)
31 December 2022
These financial statements were approved by the board of directors and authorised for issue on 30 October 2023 , and are signed on behalf of the board by:
O E Macey
Director
Company registration number: 09856175
Amenz Eco Engineering Ltd
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8a The Green, Eaton Ford, St Neots, PE19 7AF, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the statement of income and retained earnings represents services provided during the year net of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% Straight line per annum
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% or 25% Straight line per annum
Motor vehicles
-
25% Straight line per annum
Equipment
-
33% Straight line per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined pension contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2021: Nil).
5. Intangible assets
Goodwill
£
Cost
Additions
10,000
--------
At 31 December 2022
10,000
--------
Amortisation
Charge for the year
1,500
--------
At 31 December 2022
1,500
--------
Carrying amount
At 31 December 2022
8,500
--------
At 31 December 2021
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2022
Additions
10,013
33,700
1,600
45,313
--------
--------
-------
--------
At 31 December 2022
10,013
33,700
1,600
45,313
--------
--------
-------
--------
Depreciation
At 1 January 2022
Charge for the year
944
7,000
420
8,364
--------
--------
-------
--------
At 31 December 2022
944
7,000
420
8,364
--------
--------
-------
--------
Carrying amount
At 31 December 2022
9,069
26,700
1,180
36,949
--------
--------
-------
--------
At 31 December 2021
--------
--------
-------
--------
7. Debtors
2022
2021
£
£
Trade debtors
303,090
Other debtors
315,962
224
---------
----
619,052
224
---------
----
8. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
119,361
Trade creditors
400,318
865
Social security and other taxes
99,903
Other creditors
176,195
1,379
---------
-------
795,777
2,244
---------
-------
Included within bank loans and overdrafts are amounts totalling £117,027 (2021 £Nil) secured against the assets of the company. Included within other creditors are liabilities due under hire purchase and finance leases totalling £16,784 (2021 £Nil), which are secured against the assets concerned.
9. Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
46,168
--------
----
Included within other creditors are liabilities due under hire purchase and finance leases totalling £46,168 (2021 £Nil), which are secured against the assets concerned.
10. Directors' advances, credits and guarantees
One of the directors maintains a loan account with the company. At the beginning of the period the company owed the director £379. During the period there were advances to the director of £333,446 (2021 £nil) and repayments of £214,684 (2021 £479). At the period end date the director owed the company £119,055. During the year interest was charged amounting to £672 (2021 £nil) and no amounts were written off.