Company registration number 14250059 (England and Wales)
AMELIORATE CONSTRUCT LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JULY 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
AMELIORATE CONSTRUCT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AMELIORATE CONSTRUCT LIMITED
BALANCE SHEET
- 1 -
2023
Notes
£
£
Current assets
Cash at bank and in hand
16,276
Creditors: amounts falling due within one year
3
(5,477)
Net current assets
10,799
Capital and reserves
Called up share capital
2
Profit and loss reserves
10,797
Total equity
10,799
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 February 2024
Mrs L Knowlton-Jones
Director
Company registration number 14250059 (England and Wales)
AMELIORATE CONSTRUCT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
Ameliorate Construct Limited is a private company limited by shares incorporated in England and Wales. The registered office is 128 Gudge Lane, Fareham, Hampshire, PO15 6PS.
The company was incorporated as KNJServices Limited, however with effect from 13th February 2023 the name of the company changed to Ameliorate Construct Limited.
1.1
Reporting period
The financial statements cover a period just over 12 months, from incorporation to the accounting reference date.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Financial instruments
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
Current tax is recognised on taxable profit for the current and, where not previously recognised, 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
AMELIORATE CONSTRUCT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
1
3
Creditors: amounts falling due within one year
2023
£
Taxation and social security
2,533
Other creditors
2,944
5,477