BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was specialised construction activities. 13 March 2024 10 10 NI634890 2023-11-30 NI634890 2022-11-30 NI634890 2021-11-30 NI634890 2022-12-01 2023-11-30 NI634890 2021-12-01 2022-11-30 NI634890 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI634890 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI634890 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI634890 uk-bus:FullAccounts 2022-12-01 2023-11-30 NI634890 uk-bus:Director1 2022-12-01 2023-11-30 NI634890 uk-bus:Director2 2022-12-01 2023-11-30 NI634890 uk-bus:RegisteredOffice 2022-12-01 2023-11-30 NI634890 uk-bus:Agent1 2022-12-01 2023-11-30 NI634890 uk-core:ShareCapital 2023-11-30 NI634890 uk-core:ShareCapital 2022-11-30 NI634890 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI634890 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI634890 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI634890 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 NI634890 uk-bus:FRS102 2022-12-01 2023-11-30 NI634890 uk-core:PlantMachinery 2022-12-01 2023-11-30 NI634890 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 NI634890 uk-core:MotorVehicles 2022-12-01 2023-11-30 NI634890 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2022-12-01 2023-11-30 NI634890 uk-core:CurrentFinancialInstruments 2023-11-30 NI634890 uk-core:CurrentFinancialInstruments 2022-11-30 NI634890 uk-core:WithinOneYear 2023-11-30 NI634890 uk-core:WithinOneYear 2022-11-30 NI634890 uk-core:WithinOneYear 2023-11-30 NI634890 uk-core:WithinOneYear 2022-11-30 NI634890 uk-core:WithinOneYear 2023-11-30 NI634890 uk-core:WithinOneYear 2022-11-30 NI634890 uk-core:AfterOneYear 2023-11-30 NI634890 uk-core:AfterOneYear 2022-11-30 NI634890 uk-core:AfterOneYear 2023-11-30 NI634890 uk-core:AfterOneYear 2022-11-30 NI634890 uk-core:BetweenOneTwoYears 2023-11-30 NI634890 uk-core:BetweenOneTwoYears 2022-11-30 NI634890 uk-core:BetweenTwoFiveYears 2023-11-30 NI634890 uk-core:BetweenTwoFiveYears 2022-11-30 NI634890 uk-core:BetweenOneFiveYears 2023-11-30 NI634890 uk-core:BetweenOneFiveYears 2022-11-30 NI634890 uk-core:EmployeeBenefits 2022-11-30 NI634890 uk-core:EmployeeBenefits 2022-12-01 2023-11-30 NI634890 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 NI634890 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-11-30 NI634890 uk-core:OtherDeferredTax 2023-11-30 NI634890 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-11-30 NI634890 uk-core:EmployeeBenefits 2023-11-30 NI634890 2022-12-01 2023-11-30 NI634890 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI634890
 
 
Ammlee Group International Limited
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 30 November 2023
Ammlee Group International Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Neal McArthur
Mr. Ashton Coetzee
 
 
Company Registration Number NI634890
 
 
Registered Office and Business Address 84 Gateside Manor
Ballyclare
BT39 9GA
 
 
Accountants Muldoon & Co
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers HSBC Bank PLC
  189 High Street
  Northallerton
  DL7 8LQ
  England



Ammlee Group International Limited
DIRECTORS' REPORT
for the financial year ended 30 November 2023

 
The directors present their report and the unaudited financial statements for the financial year ended 30 November 2023.
 
Principal Activity
The principal activity of the company was specialised construction activities.
     
Directors
The directors who served during the financial year are as follows:
     
Neal McArthur
Mr. Ashton Coetzee
   
There were no changes in shareholdings between 30 November 2023 and the date of signing the financial statements.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Neal McArthur
Director
     
13 March 2024



Ammlee Group International Limited
Company Registration Number: NI634890
STATEMENT OF FINANCIAL POSITION
as at 30 November 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 416,506 358,086
───────── ─────────
 
Current Assets
Debtors 5 299,586 165,366
Cash and cash equivalents 40,026 248,254
───────── ─────────
339,612 413,620
───────── ─────────
Creditors: amounts falling due within one year 6 (86,694) (118,264)
───────── ─────────
Net Current Assets 252,918 295,356
───────── ─────────
Total Assets less Current Liabilities 669,424 653,442
 
Creditors:
amounts falling due after more than one year 7 (82,905) (150,036)
 
Provisions for liabilities 9 (98,107) (83,118)
───────── ─────────
Net Assets 488,412 420,288
═════════ ═════════
 
Capital and Reserves
Called up share capital 200 200
Retained earnings 488,212 420,088
───────── ─────────
Equity attributable to owners of the company 488,412 420,288
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement.
           
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 13 March 2024 and signed on its behalf by
           
           
           
________________________________          
Neal McArthur          
Director          
           



Ammlee Group International Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
Ammlee Group International Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI634890. The registered office of the company is 84 Gateside Manor, Ballyclare, BT39 9GA which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Construction Contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by the reference to the stage of completion of the contract activity as at the period end.

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contact being recognised.

Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.

The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated cost for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 18% Reducing Balance
  Fixtures and fittings - 15% Reducing Balance
  Motor vehicles - 25% Reducing Balance
  Equipment - 15% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
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 except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was as follows;
 
  2023 2022
  Number Number
 
Employees includng directors 10 10
  ═════════ ═════════
             
4. Tangible assets
  Plant and Fixtures and Motor Equipment Total
  machinery fittings vehicles    
           
  £ £ £ £ £
Cost
At 1 December 2022 105,994 212 53,375 439,374 598,955
Additions - - - 134,997 134,997
  ───────── ───────── ───────── ───────── ─────────
At 30 November 2023 105,994 212 53,375 574,371 733,952
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 December 2022 41,479 135 20,439 178,816 240,869
Charge for the financial year 11,613 12 8,234 56,718 76,577
  ───────── ───────── ───────── ───────── ─────────
At 30 November 2023 53,092 147 28,673 235,534 317,446
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 November 2023 52,902 65 24,702 338,837 416,506
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 November 2022 64,515 77 32,936 260,558 358,086
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Trade debtors 279,824 127,798
Directors' current accounts (Note 10) 19,762 10,845
Taxation  (Note 8) - 6,721
Prepayments and accrued income - 20,002
  ───────── ─────────
  299,586 165,366
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 26,000 26,000
Net obligations under finance leases
and hire purchase contracts 41,252 50,647
Trade creditors (3,377) 21,804
Taxation  (Note 8) 14,754 13,676
Directors' current accounts - 33
Other creditors 2,279 352
Accruals:
Pension accrual 786 752
Other accruals 5,000 5,000
  ───────── ─────────
  86,694 118,264
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 41,167 67,167
Finance leases and hire purchase contracts 41,738 82,869
  ───────── ─────────
  82,905 150,036
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 26,000 26,000
Repayable between one and two years 26,000 26,000
Repayable between two and five years 15,167 41,167
  ───────── ─────────
  67,167 93,167
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 41,252 50,647
Repayable between one and five years 41,738 82,869
  ───────── ─────────
  82,990 133,516
  ═════════ ═════════
 
Bank loans consists of loans which are secured by fixed and floating charge on all assets of the company.
       
8. Taxation 2023 2022
  £ £
 
Debtors:
PAYE / NI - 6,721
  ═════════ ═════════
Creditors:
VAT 4,583 5,727
Corporation tax 3,196 7,949
PAYE / NI 6,975 -
  ───────── ─────────
  14,754 13,676
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 83,118 83,118 80,301
Charged to profit and loss 14,989 14,989 2,817
  ───────── ───────── ─────────
At financial year end 98,107 98,107 83,118
  ═════════ ═════════ ═════════
   
10. Directors' advances, credits and guarantees
 
During the year 2023, the company made a loan to both director.  At the year end the balance outstanding for both directors was £19,762 (2022: £10,845) Interest will be charged at the rate of 33.75% per annum. The loan is repayable on 30 April 2025