Company Registration No. 13279988 (England and Wales)
Amalaki Developments Ltd
Unaudited accounts
for the year ended 31 March 2024
Amalaki Developments Ltd
Unaudited accounts
Contents
Amalaki Developments Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr Tassama Amlak
Miss Shikha Dasani
Company Number
13279988 (England and Wales)
Registered Office
262 Catherine Street
Leicester
LE4 6GD
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Amalaki Developments Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
75,000
75,000
Cash at bank and in hand
466
6,033
Creditors: amounts falling due within one year
(30,140)
(21,979)
Net current liabilities
(29,458)
(15,383)
Total assets less current liabilities
45,542
59,617
Creditors: amounts falling due after more than one year
(75,000)
(75,000)
Net liabilities
(29,458)
(15,383)
Called up share capital
100
100
Profit and loss account
(29,558)
(15,483)
Shareholders' funds
(29,458)
(15,383)
For the year ending 31 March 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by
Mr Tassama Amlak
Director
Company Registration No. 13279988
Amalaki Developments Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amalaki Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13279988. The registered office is 262 Catherine Street, Leicester, LE4 6GD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
4
Tangible fixed assets
Land & buildings
Amalaki Developments Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
21
21
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
100
100
Other creditors
19,915
19,915
Loans from directors
5,250
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
75,000
75,000
Included above is a sum of £75,000 a loan provided by Tassama Amlak and Shikha Dasani, the directors of the company.
8
Transactions with related parties
At the reporting date Alkami Solutions Ltd was owed a sum of £9,958 (2023 - £9,958) by the company.
At the reporting date Progressive Planning Ltd was owed a sum of £9,957 (2023 - £9,957) by the company.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).