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Registration number: 07369975

Amis Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Amis Trading Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 10

 

Amis Trading Limited

Company Information

Director

A Mahmood

Registered office

36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

Accountants

AIMS Accountants for Business
36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

 

Amis Trading Limited

Director's Report for the Year Ended 30 September 2023

The director presents his report and the financial statements for the year ended 30 September 2023.

Director of the company

The director who held office during the year was as follows:

A Mahmood

Principal activity

The principal activity of the company is trading commissions and property development

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 March 2024
 

.........................................
A Mahmood
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Amis Trading Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Amis Trading Limited for the year ended 30 September 2023 as set out on pages 4 to 10 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Amis Trading Limited, as a body, in accordance with the terms of our engagement letter dated 28 September 2010. Our work has been undertaken solely to prepare for your approval the accounts of Amis Trading Limited and state those matters that we have agreed to state to the Board of Directors of Amis Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amis Trading Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Amis Trading Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Amis Trading Limited. You consider that Amis Trading 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 accounts of Amis Trading 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 accounts.

......................................

AIMS Accountants for Business
36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

27 March 2024

 

Amis Trading Limited

Profit and Loss Account for the Year Ended 30 September 2023

Note

2023
£

2022
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(757)

(2,096)

Operating loss

 

(757)

(2,096)

Loss before tax

4

(757)

(2,096)

Tax on loss

 

-

391

Loss for the financial year

 

(757)

(1,705)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Amis Trading Limited

Statement of Comprehensive Income for the Year Ended 30 September 2023

2023
£

2022
£

Loss for the year

(757)

(1,705)

Total comprehensive income for the year

(757)

(1,705)

 

Amis Trading Limited

(Registration number: 07369975)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

48

73

Investment property

6

527,994

527,994

 

528,042

528,067

Creditors: Amounts falling due within one year

8

(70,804)

(70,072)

Net assets

 

457,238

457,995

Capital and reserves

 

Called up share capital

2

2

Retained earnings

457,236

457,993

Shareholders' funds

 

457,238

457,995

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 March 2024
 

.........................................
A Mahmood
Director

 

Amis Trading Limited

Statement of Changes in Equity for the Year Ended 30 September 2023

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

2

457,993

457,995

Loss for the year

-

(757)

(757)

At 30 September 2023

2

457,236

457,238

Share capital
£

Retained earnings
£

Total
£

At 1 October 2021

2

459,698

459,700

Loss for the year

-

(1,705)

(1,705)

At 30 September 2022

2

457,993

457,995

 

Amis Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE
United Kingdom

These financial statements were authorised for issue by the director on 27 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% reducing balance

 

Amis Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

25

37

 

Amis Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

1,627

1,627

At 30 September 2023

1,627

1,627

Depreciation

At 1 October 2022

1,554

1,554

Charge for the year

25

25

At 30 September 2023

1,579

1,579

Carrying amount

At 30 September 2023

48

48

At 30 September 2022

73

73

6

Investment properties

2023
£

At 1 October

527,994

At 30 September

527,994

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2023
£

2022
£

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

5,708

5,708

Other creditors

65,096

64,364

70,804

70,072