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REGISTERED NUMBER: 11904192 (England and Wales)















AMAYA CONSTRUCTION (SOUTH WALES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMAYA CONSTRUCTION (SOUTH WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: L Richards





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 11904192 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

BALANCE SHEET
31ST MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,419 44,323

CURRENT ASSETS
Debtors 5 409,499 315,320
Cash at bank 44,928 30,602
454,427 345,922
CREDITORS
Amounts falling due within one year 6 230,645 153,216
NET CURRENT ASSETS 223,782 192,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,201

237,029

CREDITORS
Amounts falling due after more than one
year

7

(98,689

)

(69,124

)

PROVISIONS FOR LIABILITIES (17,750 ) (7,958 )
NET ASSETS 202,762 159,947

AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 1
Retained earnings 202,662 159,946
SHAREHOLDERS' FUNDS 202,762 159,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th November 2023 and were signed by:





L Richards - Director


AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Amaya Construction (South Wales) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2022 869 46,142 47,011
Additions 32,232 36,690 68,922
At 31st March 2023 33,101 82,832 115,933
DEPRECIATION
At 1st April 2022 380 2,308 2,688
Charge for year 2,339 15,487 17,826
At 31st March 2023 2,719 17,795 20,514
NET BOOK VALUE
At 31st March 2023 30,382 65,037 95,419
At 31st March 2022 489 43,834 44,323

AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2022 - 46,142 46,142
Additions 29,450 36,690 66,140
Transfer to ownership - (4,442 ) (4,442 )
At 31st March 2023 29,450 78,390 107,840
DEPRECIATION
At 1st April 2022 - 2,308 2,308
Charge for year 1,841 14,953 16,794
Transfer to ownership - (2,308 ) (2,308 )
At 31st March 2023 1,841 14,953 16,794
NET BOOK VALUE
At 31st March 2023 27,609 63,437 91,046
At 31st March 2022 - 43,834 43,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 236,303 166,981
Other debtors 30,346 30,346
VLD JV Ltd 2,250 2,250
Directors' current accounts 104,109 93,372
VAT 36,019 21,437
Prepayments 472 934
409,499 315,320

AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 5,555 5,555
Hire purchase contracts 20,384 8,222
Trade creditors 87,646 38,476
Corporation Tax 22,012 67,119
Social security and other taxes 85,303 29,047
Credit card (115 ) (115 )
Accrued expenses 9,860 4,912
230,645 153,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
as restated
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 12,038 17,593
Hire purchase contracts 64,428 29,308
98,689 69,124

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,038 17,593

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
NIL Ordinary £1 - 1
90 Ordinary A £1 90 -
10 Ordinary B £1 10 -
100 1

AMAYA CONSTRUCTION (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11904192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. CALLED UP SHARE CAPITAL - continued

The following shares were issued during the year for cash at par :

99 Ordinary shares of £1

9. RELATED PARTY DISCLOSURES

The company had a directors loan amount at the year end owed by Mr L Richards of £104,109 (2022 - £93,372).

The company had a loan at the year end due from VLD JV Ltd of £2,250 (2022 - £2,250) a company in which Mr L Richards has a controlling interest.