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REGISTERED NUMBER: 01602689 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

AMETHYST DESIGNS LIMITED

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

AMETHYST DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Paul Fredrick Wealleans
Andrew Greavett





REGISTERED OFFICE: 47/48 Viking Way
Bar Hill
Cambridgeshire
CB23 8EL





REGISTERED NUMBER: 01602689 (England and Wales)





ACCOUNTANTS: Tayabali & White
Chartered Accountants
5 High Green
Great Shelford
Cambridge
CB22 5EG

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,490 54,630
Tangible assets 5 175,588 177,913
218,078 232,543

CURRENT ASSETS
Stocks 6 224,065 222,578
Debtors 7 371,223 407,882
Cash at bank 21,528 50,392
616,816 680,852
CREDITORS
Amounts falling due within one year 8 637,169 739,273
NET CURRENT LIABILITIES (20,353 ) (58,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,725

174,122

CREDITORS
Amounts falling due after more than one
year

9

(20,001

)

(39,694

)

PROVISIONS FOR LIABILITIES 11 (33,244 ) (24,597 )
NET ASSETS 144,480 109,831

CAPITAL AND RESERVES
Called up share capital 12 1,600 1,600
Retained earnings 142,880 108,231
SHAREHOLDERS' FUNDS 144,480 109,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

BALANCE SHEET - continued
30TH JUNE 2023


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 16th February 2024 and were signed on its behalf by:





Paul Fredrick Wealleans - Director


AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Amethyst Designs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is being amortised evenly over its estimated useful life.

Tangible fixed assets
Depreciation is provided in the accounts at monthly amounts to write off the cost of the asset (less residual value) over its anticipated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 30 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 60,700
AMORTISATION
At 1st July 2022 6,070
Charge for year 12,140
At 30th June 2023 18,210
NET BOOK VALUE
At 30th June 2023 42,490
At 30th June 2022 54,630

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

5. TANGIBLE FIXED ASSETS
Improvements
to
Short leasehold Plant and
leasehold prop machinery
£    £    £   
COST
At 1st July 2022 6,943 110,429 397,377
Additions - 2,000 16,954
Disposals - - -
At 30th June 2023 6,943 112,429 414,331
DEPRECIATION
At 1st July 2022 825 53,698 324,321
Charge for year 660 5,823 7,653
Eliminated on disposal - - -
At 30th June 2023 1,485 59,521 331,974
NET BOOK VALUE
At 30th June 2023 5,458 52,908 82,357
At 30th June 2022 6,118 56,731 73,056

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2022 44,880 42,659 48,813 651,101
Additions 8,481 - - 27,435
Disposals - (16,700 ) - (16,700 )
At 30th June 2023 53,361 25,959 48,813 661,836
DEPRECIATION
At 1st July 2022 37,691 13,377 43,276 473,188
Charge for year 3,618 6,311 1,384 25,449
Eliminated on disposal - (12,389 ) - (12,389 )
At 30th June 2023 41,309 7,299 44,660 486,248
NET BOOK VALUE
At 30th June 2023 12,052 18,660 4,153 175,588
At 30th June 2022 7,189 29,282 5,537 177,913

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

6. STOCKS
2023 2022
£    £   
Raw Materials 147,486 162,420
Work-in-progress 76,579 60,158
224,065 222,578

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 365,670 348,256
Other debtors 1,150 56,659
Prepayments 4,403 2,967
371,223 407,882

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 239,252 230,843
Hire purchase contracts 9,694 10,576
Trade creditors 229,054 249,556
Corporation tax 46,780 27,050
Social security and other taxes 12,296 9,820
VAT 19,906 22,773
Other creditors 7,227 53,097
Directors' current accounts 60,000 125,000
Accrued expenses 12,960 10,558
637,169 739,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,001 20,000
Hire purchase contracts - 9,694
20,001 39,694

AMETHYST DESIGNS LIMITED (REGISTERED NUMBER: 01602689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 229,254 220,845
Bank loans 29,999 39,998
Hire purchase contracts 9,694 20,270
268,947 281,113

Barclays Bank plc holds a fixed and floating charge dated 24th January 2008 over all assets of the company.
The Barclays loan of £50,000 was advanced in June 2020. There were no repayments or interest to pay in the first 12 months. After 12 months the interest rate charged was 2.5% a year and the loan repayments are approx £900 per month for 60 months. Repayments began in July 2021.

The hire purchase liability is the amount outstanding on a contract taken out in June 2022. £21,151 was advanced for the purchase of a company van. The repayments of £966.45 per month will be paid in 24 months commencing June 2022.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 33,244 24,597

Deferred
tax
£   
Balance at 1st July 2022 24,597
Accelerated capital allowances 8,647
Balance at 30th June 2023 33,244

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,600 Ordinary £1 1,600 1,600

13. OTHER FINANCIAL COMMITMENTS

The company has a ten and a half year lease for the Unit 47/48 Viking Way, Bar Hill, Cambridge up to 30th September 2031. The rent is currently £82,439 per annum and the next review date is 1st October 2026.

The company is leasing two motor vehicles for the directors as follows:
Kia Niro EV AK72EWY, after initial payments, the monthly lease payments are £531.60 (exc. VAT) for 35 months from 11/02/023 and,
Tesla model 3 Saloon Electric LB22UJH, after initial payments, the monthly lease payments are £637.77 (exc. VAT) for 47 months from 22/08/2022.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AMETHYST DESIGNS 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 Amethyst Designs Limited for the year ended 30th June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Amethyst Designs 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 Amethyst Designs Limited and state those matters that we have agreed to state to the Board of Directors of Amethyst Designs 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 Amethyst Designs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Amethyst Designs 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 profit of Amethyst Designs Limited. You consider that Amethyst Designs 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 Amethyst Designs 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.






Tayabali & White
Chartered Accountants
5 High Green
Great Shelford
Cambridge
CB22 5EG


16th February 2024