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COMPANY REGISTRATION NUMBER: 10599648
Amtrex International Limited
Filleted Unaudited Financial Statements
30 June 2023
Amtrex International Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Amtrex International Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Current assets
Debtors
5
4,705,306
3,688,585
Cash at bank and in hand
292,300
1,262,691
------------
------------
4,997,606
4,951,276
Creditors: amounts falling due within one year
6
1,766,045
2,206,261
------------
------------
Net current assets
3,231,561
2,745,015
------------
------------
Total assets less current liabilities
3,231,561
2,745,015
------------
------------
Net assets
3,231,561
2,745,015
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,231,461
2,744,915
------------
------------
Shareholders funds
3,231,561
2,745,015
------------
------------
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 30 June 2023 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 .
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
A Musa
Director
Company registration number: 10599648
Amtrex International Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2a Grove Arcade, Wilmslow, Cheshire, United Kingdom, SK9 1HB.
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
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Debtors
2023
2022
£
£
Trade debtors
4,624,877
3,674,427
Other debtors
80,429
14,158
------------
------------
4,705,306
3,688,585
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,581,129
1,998,666
Social security and other taxes
143,452
168,598
Other creditors
41,464
38,997
------------
------------
1,766,045
2,206,261
------------
------------
7. Related party transactions
The company was under the control of Mr A. Musa throughout the year. Mr A. Musa is the managing director and majority shareholder.
2023 2022
£ £
Director loan accounts 14,271 13,545
-------- --------
No interest has been charged to the company in respect of this loan which is repayable on demand and is classified in creditors.