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REGISTERED NUMBER: 01902690 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 May 2023

for

13 Amp Limited

13 Amp Limited (Registered number: 01902690)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


13 Amp Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: G H Evans
H D Evans
R C Blades





SECRETARY: R C Blades





REGISTERED OFFICE: 8 Clover Park
Hinckley
Leicestershire
LE10 1YD





REGISTERED NUMBER: 01902690 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
13 Amp Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 13 Amp Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 13 Amp Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 13 Amp Limited and state those matters that we have agreed to state to the Board of Directors of 13 Amp Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 13 Amp Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 13 Amp Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 13 Amp Limited. You consider that 13 Amp Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 13 Amp Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


21 November 2023

13 Amp Limited (Registered number: 01902690)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,105 31,719
23,105 31,719

CURRENT ASSETS
Stocks 243,160 226,913
Debtors 6 2,197,373 2,753,643
Cash at bank and in hand 247,724 33,312
2,688,257 3,013,868
CREDITORS
Amounts falling due within one year 7 824,129 795,211
NET CURRENT ASSETS 1,864,128 2,218,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,887,233

2,250,376

CREDITORS
Amounts falling due after more than
one year

8

(216,667

)

(316,667

)

PROVISIONS FOR LIABILITIES - (6,027 )
NET ASSETS 1,670,566 1,927,682

13 Amp Limited (Registered number: 01902690)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Other reserves 500 500
Retained earnings 1,668,066 1,925,182
SHAREHOLDERS' FUNDS 1,670,566 1,927,682

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





G H Evans - Director


13 Amp Limited (Registered number: 01902690)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

13 Amp 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% straight line basis and 25% reducing balance

Government grants
Government grants receivable in relation to job retention scheme and retail scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Government grants are shown separately as other income.

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


13 Amp Limited (Registered number: 01902690)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants receivable in relation to job retention scheme and retail scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Government grants are shown separately as other income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 48,325
AMORTISATION
At 1 June 2022
and 31 May 2023 48,325
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

13 Amp Limited (Registered number: 01902690)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 145,182
DEPRECIATION
At 1 June 2022 113,463
Charge for year 8,614
At 31 May 2023 122,077
NET BOOK VALUE
At 31 May 2023 23,105
At 31 May 2022 31,719

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 459,987 1,106,742
Amounts owed by group undertakings 772,318 721,356
Other debtors 842,797 898,824
Tax 21,681 -
Deferred tax asset 70,290 -
Prepayments and accrued income 30,300 26,721
2,197,373 2,753,643

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 100,000 100,000
Finance leases (see note 9) - 5,092
Trade creditors 456,014 489,423
Corporation tax - 21,681
Social security and other taxes 7,389 12,296
VAT 31,998 119,869
Other creditors 291 4,190
Accruals and deferred income 228,437 42,660
824,129 795,211

13 Amp Limited (Registered number: 01902690)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 100,000 100,000
Bank loans - 2-5 years 116,667 216,667
216,667 316,667

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.5.23 31.5.22
£    £   
Net obligations repayable:
Within one year - 5,092

As at the year end date the company was committed to paying £12,000 in non-cancellable operating leases (2022 - £12,000).

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
500 Ordinary 1 500 500
1,500 Ordinary A 1 1,500 1,500
2,000 2,000