Company Registration No. 10159858 (England and Wales)
AMRE ADVISORY LIMITED
ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
AMRE ADVISORY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AMRE ADVISORY LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,712
1,487
Current assets
Debtors
5
78
Cash at bank and in hand
66
646
144
646
Creditors: amounts falling due within one year
6
(26,981)
(20,978)
Net current liabilities
(26,837)
(20,332)
Net liabilities
(25,125)
(18,845)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(25,225)
(18,945)
Total equity
(25,125)
(18,845)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 year 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 by the board of directors and authorised for issue on 12 February 2024 and are signed on its behalf by:
J Ansher
Director
Company Registration No. 10159858
AMRE ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information
Amre Advisory Limited is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
1.1
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 have been prepared under the historical cost convention.
1.2
Going concern
The validity of going concern basis of preparation is dependent on continued financial support from the company's directors and other creditors and on the ability of the company to continue trading. Should the directors and other creditors withdraw their support and the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and re-classify fixed assets as current assets.true
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
1
AMRE ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax overprovided in previous years
(1,585)
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 June 2022
1,500
1,831
3,331
Additions
1,356
1,356
At 31 May 2023
1,500
3,187
4,687
Depreciation and impairment
At 1 June 2022
1,233
611
1,844
Depreciation charged in the year
67
1,064
1,131
At 31 May 2023
1,300
1,675
2,975
Carrying amount
At 31 May 2023
200
1,512
1,712
At 31 May 2022
267
1,220
1,487
5
Debtors
2023
2022
£
£
VAT repayable
78
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
131
Directors' current accounts
25,351
19,217
Accruals
1,630
1,630
26,981
20,978