AMP Athletic Limited Filleted Accounts Cover
AMP Athletic Limited
Company No. 11012173
Information for Filing with The Registrar
31 January 2024
AMP Athletic Limited Balance Sheet Registrar
at
31 January 2024
Company No.
11012173
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
44,67247,347
Tangible assets
5
408,232385,587
452,904432,934
Current assets
Debtors
6
80,36680,714
Cash at bank and in hand
20,53590,838
100,901171,552
Creditors: Amount falling due within one year
7
(83,097)
(150,628)
Net current assets
17,80420,924
Total assets less current liabilities
470,708453,858
Creditors: Amounts falling due after more than one year
8
(15,731)
(23,704)
Net assets
454,977430,154
Capital and reserves
Called up share capital
247247
Share premium account
9
884,789884,789
Profit and loss account
9
(430,059)
(454,882)
Total equity
454,977430,154
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 02 April 2024 and signed on its behalf by:
S. Mellor
Director
02 April 2024
AMP Athletic Limited Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
AMP Athletic Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11012173
Its registered office is:
Its trading address is:
473 Warrington Road
14a Beaumont Mews
Culcheth
London
Warrington
Cheshire
WA3 5QU
W1G 6EQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
4% Straight line method
Furniture, fittings and equipment
20% Reducing balance Method
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1314
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 February 2023
58,29658,296
At 31 January 2024
58,29658,296
Amortisation and impairment
At 1 February 2023
10,94910,949
Charge for the year
2,6752,675
At 31 January 2024
13,62413,624
Net book values
At 31 January 2024
44,67244,672
At 31 January 2023
47,34747,347
5
Tangible fixed assets
Land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 February 2023
404,99483,265488,259
Additions
-52,35152,351
At 31 January 2024
404,994135,616540,610
Depreciation
At 1 February 2023
60,31942,353102,672
Charge for the year
16,40413,30229,706
At 31 January 2024
76,72355,655132,378
Net book values
At 31 January 2024
328,27179,961408,232
At 31 January 2023
344,675
40,912
385,587
6
Debtors
2024
2023
£
£
Trade debtors
10,827-
Other debtors
15,40123,482
Prepayments and accrued income
54,13857,232
80,36680,714
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Other loans
9,8619,861
Obligations under finance lease and hire purchase contracts
2,699-
Trade creditors
-9
Taxes and social security
42,121
64,551
Other creditors
10,40613,346
Accruals and deferred income
18,01062,861
83,097150,628
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
13,84323,704
Obligations under finance lease and hire purchase contracts
1,888-
15,73123,704
9
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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