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REGISTERED NUMBER: 06467403 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

FOR

AMAYSE LTD

AMAYSE LTD (REGISTERED NUMBER: 06467403)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMAYSE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023







DIRECTOR: J Klinge



REGISTERED OFFICE: Unit C4 Sandown Industrial Estate
Mill Road
Esher
Surrey
KT10 8BL



REGISTERED NUMBER: 06467403 (England and Wales)



SENIOR STATUTORY AUDITOR: Kate Brasser FCCA



AUDITORS: THP Limited
Chartered Accountants
and Statutory Auditors
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE

AMAYSE LTD (REGISTERED NUMBER: 06467403)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,950 3,318
Investments 5 - 2,001
5,950 5,319

CURRENT ASSETS
Stocks 70,337 52,500
Debtors 6 1,452,681 1,155,858
Cash at bank 797,337 282,217
2,320,355 1,490,575
CREDITORS
Amounts falling due within one year 7 665,591 592,756
NET CURRENT ASSETS 1,654,764 897,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,660,714

903,138

CAPITAL AND RESERVES
Called up share capital 160,300 160,300
Retained earnings 1,500,414 742,838
SHAREHOLDERS' FUNDS 1,660,714 903,138

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 director and authorised for issue on 20 March 2024 and were signed by:





J Klinge - Director


AMAYSE LTD (REGISTERED NUMBER: 06467403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Amayse Ltd 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 (£).


The accounts are presented for an extended 18 month period in order to align with the group financial reporting period end.

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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The director, having considered all the information available, is confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the director is satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Amayse Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its immediate parent company, Amayse A/S, which are available upon request.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied in the accounting period, net of returns, discounts and value added taxes.

Revenue is recognised when all significant rights to economic benefits and any significant risks are passed to the buyer. The cost of sale of these goods is allocated to the same period.

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 - 25% on cost, 20% on cost and over 7 years
Computer equipment - 33% on cost

Depreciation charges are calculated from the month of acquisition.

Investments in subsidiaries
Investments in subsidiaries and associates are held at cost less accumulated impairment.

Stocks
Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on a first in first out basis. Cost includes the purchase price, including taxes and duties, transport and all other costs directly attributable to bringing the stock to its present location and condition.

AMAYSE LTD (REGISTERED NUMBER: 06467403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments.

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Employee benefits
The company provides a range of benefits to employees, including paid holiday arrangements and a defined contribution pension plan.

(i) Short term benefits
Short term benefits including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is provided.

(ii) Employee pension arrangements
The company operate a fully compliant workplace pension and defined contribution pension scheme. This is a pension plan under which the company pays fixed contributions in to separate entities. Once the contributions have been paid the company has no further obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - 8 ) .

AMAYSE LTD (REGISTERED NUMBER: 06467403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 554,093 11,281 565,374
Additions - 6,120 6,120
Disposals (441 ) (7,378 ) (7,819 )
At 31 December 2023 553,652 10,023 563,675
DEPRECIATION
At 1 July 2022 552,410 9,646 562,056
Charge for period 1,683 1,805 3,488
Eliminated on disposal (441 ) (7,378 ) (7,819 )
At 31 December 2023 553,652 4,073 557,725
NET BOOK VALUE
At 31 December 2023 - 5,950 5,950
At 30 June 2022 1,683 1,635 3,318

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022 2,001
Disposals (2,001 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 30 June 2022 2,001

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Three-D-Signs International Limited
Registered office: Unit C4 Sandown Industrial Estate, Mill Road, Esher, Surrey, KT10 8BL
Nature of business: Dormant company - Dissolved 29 August 2023
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves - 1,001

SignAway Limited
Registered office: Turnbull House, 226 Mulgrave Road, Sutton, Surrey, SM2 6JT
Nature of business: Dormant company - Dissolved 29 August 2023
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves - 100

AMAYSE LTD (REGISTERED NUMBER: 06467403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

Infield 3D Advertising Limited
Registered office: Onside Law Limited, 642a Kings Road, London, SW6 2DU
Nature of business: Dormant company - Dissolved 29 August 2023
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves - 900

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 482,130 478,668
Amounts owed by parent company 922,123 595,756
Other debtors 15,046 -
Deferred tax asset
Decelerated capital allowances 7,576 11,031
Prepayments and accrued income 25,806 55,357
1,452,681 1,140,812

Amounts falling due after more than one year:
Other debtors - 15,046

Aggregate amounts 1,452,681 1,155,858

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) - 95,833
Trade creditors 184,020 150,865
Amounts owed to group companies 81,427 50,010
Corporation tax 251,785 129,390
Social security and other taxes 15,371 24,761
VAT 35,624 49,574
Other creditors 3,728 2,181
Accruals and deferred income 93,636 90,142
665,591 592,756

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year - 95,833

The loan was repayable in monthly instalments which commenced in June 2021. Interest was charged at 2.28% above the Bank of England base rate.

AMAYSE LTD (REGISTERED NUMBER: 06467403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 45,530 86,661
Between one and five years 37,294 95,909
82,824 182,570

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 95,833

Loans were repaid in full during the financial year.

11. DEFERRED TAX
£   
Balance at 1 July 2022 (11,031 )
Charge to Income Statement during period 3,455
Balance at 31 December 2023 (7,576 )

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kate Brasser FCCA (Senior Statutory Auditor)
for and on behalf of THP Limited

13. PARENT UNDERTAKING

The immediate parent undertaking is Amayse A/S, a company registered in Denmark. The registered address is Tysklandsvej 6, 7100 Vejle, Denmark.

The ultimate parent undertaking is Carl Bennet AB, a company registered in Sweden. The most senior parent entity producing publicly available financial statements is Carl Bennet AB. The address for Carl Bennet AB is Box 7171, SE-402 33 Göteborg, Sverige. The ultimate controlling party is Carl Bennet.