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REGISTERED NUMBER: 06817017 (England and Wales)















Financial Statements For The Year Ended 31 July 2023

for

AMPHORA PORTFOLIO MANAGEMENT LIMITED

AMPHORA PORTFOLIO MANAGEMENT LIMITED (REGISTERED NUMBER: 06817017)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


AMPHORA PORTFOLIO MANAGEMENT LIMITED (REGISTERED NUMBER: 06817017)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 230
Tangible assets 5 3,867 3,132
3,867 3,362

CURRENT ASSETS
Stocks 131,982 141,469
Debtors 6 225,873 488,071
Cash at bank 8,827 21,399
366,682 650,939
CREDITORS
Amounts falling due within one year 7 718,001 1,024,368
NET CURRENT LIABILITIES (351,319 ) (373,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(347,452

)

(370,067

)

PROVISIONS FOR LIABILITIES 735 595
NET LIABILITIES (348,187 ) (370,662 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 144,800 144,800
Retained earnings (493,987 ) (516,462 )
SHAREHOLDERS' FUNDS (348,187 ) (370,662 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMPHORA PORTFOLIO MANAGEMENT LIMITED (REGISTERED NUMBER: 06817017)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





D Jackson - Director


AMPHORA PORTFOLIO MANAGEMENT LIMITED (REGISTERED NUMBER: 06817017)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

Amphora Portfolio Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06817017

Registered office: 2a Charing Cross Road
London
WC2H 0HF

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.

The financial statements have been prepared on a going concern basis on the grounds that the directors and shareholders have expressed that they will continue to support the company and provide funds if and when required.

Turnover
Turnover represents invoiced sales for the period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of two years.

Computer software is being amortised evenly over its estimated useful life of four years.

Website development
Costs associated with developing the company's website have been amortized over its estimated useful life of 2 years.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


AMPHORA PORTFOLIO MANAGEMENT LIMITED (REGISTERED NUMBER: 06817017)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These financial statements have been prepared on the going concern basis.The directors have given assurances that there will be sufficient funds to meet any liabilities as they arise and that the company will continue to operate in the foreseeable future. Thus the directors deem it appropriate to prepare the company's financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 11,159
AMORTISATION
At 1 August 2022 10,929
Charge for year 230
At 31 July 2023 11,159
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 230

AMPHORA PORTFOLIO MANAGEMENT LIMITED (REGISTERED NUMBER: 06817017)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 17,891
Additions 2,024
At 31 July 2023 19,915
DEPRECIATION
At 1 August 2022 14,759
Charge for year 1,289
At 31 July 2023 16,048
NET BOOK VALUE
At 31 July 2023 3,867
At 31 July 2022 3,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 225,873 488,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 622,188 921,573
Taxation and social security 25,469 61,013
Other creditors 70,344 41,782
718,001 1,024,368