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REGISTERED NUMBER: SC646966 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

Amvale Scotland Limited

Amvale Scotland Limited (Registered number: SC646966)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Amvale Scotland Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M J Godfrey





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC646966 (Scotland)





AUDITORS: Haines Watts, Chartered Accountants
117 - 119 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ET

Amvale Scotland Limited (Registered number: SC646966)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,418 108,739

CURRENT ASSETS
Stocks 45,590 47,991
Debtors 5 276,909 263,747
Cash at bank 74,154 48,620
396,653 360,358
CREDITORS
Amounts falling due within one year 6 463,102 516,941
NET CURRENT LIABILITIES (66,449 ) (156,583 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,969

(47,844

)

PROVISIONS FOR LIABILITIES 34,581 -
NET ASSETS/(LIABILITIES) 53,388 (47,844 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,288 (47,944 )
53,388 (47,844 )

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 director and authorised for issue on 9 August 2024 and were signed by:





M J Godfrey - Director


Amvale Scotland Limited (Registered number: SC646966)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Amvale Scotland Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, and value added tax and other sales taxes. Turnover includes revenue earned from the sales of goods and from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow moving items.Cost is calculated on an average cost basis.

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.


Amvale Scotland Limited (Registered number: SC646966)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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
The financial statements have been prepared using the going concern basis as the director is focussed on improving the company's performance and in the meantime the company continues to enjoy the support of the parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 91,325 10,324 124,564 11,848 238,061
Additions 72,482 276 26,382 2,789 101,929
At 31 March 2024 163,807 10,600 150,946 14,637 339,990
DEPRECIATION
At 1 April 2023 42,677 4,307 77,043 5,295 129,322
Charge for year 25,441 912 27,848 2,049 56,250
At 31 March 2024 68,118 5,219 104,891 7,344 185,572
NET BOOK VALUE
At 31 March 2024 95,689 5,381 46,055 7,293 154,418
At 31 March 2023 48,648 6,017 47,521 6,553 108,739

Amvale Scotland Limited (Registered number: SC646966)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 260,240 233,266
Other debtors 16,669 30,481
276,909 263,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 108,484 67,994
Amounts owed to group undertakings 258,244 381,671
Taxation and social security 84,330 57,421
Other creditors 12,044 9,855
463,102 516,941

7. SECURED DEBTS

The bank holds a floating charge over the assets of the company. At the balance sheet date there were no outstanding balances (2023: Nil) owed to the bank.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jennifer Toulson FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Chartered Accountants

9. RELATED PARTY DISCLOSURES

31.3.24 31.3.23
£ £
Purchases from related parties 15,189 16,860

Related parties are companies in which the director is also a director or has a controlling interest.

10. ULTIMATE CONTROLLING PARTY

The controlling party is AMT2 Limited.

The ultimate controlling party is M J Godfrey.