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REGISTERED NUMBER: 08465766 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Amaric Associates Limited

Amaric Associates Limited (Registered number: 08465766)






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


Amaric Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J R S Jackson





REGISTERED OFFICE: 11 Chartmoor Road
Leighton Buzzard
Bedfordshire
LY7 4WG





REGISTERED NUMBER: 08465766 (England and Wales)





ACCOUNTANT: Roberts Accountancy & Tax Limited
11 Chartmoor Road
Leighton Buzzard
Bedfordshire
LU7 4WG

Amaric Associates Limited (Registered number: 08465766)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,529 12,184

CURRENT ASSETS
Stocks 76,172 72,939
Debtors 5 167,606 174,979
Cash at bank 315,046 216,024
558,824 463,942
CREDITORS
Amounts falling due within one year 6 (232,188 ) (168,355 )
NET CURRENT ASSETS 326,636 295,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,165

307,771

CREDITORS
Amounts falling due after more than one
year

7

-

(14,000

)
NET ASSETS 336,165 293,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 336,065 293,671
336,165 293,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 September 2024 and were signed by:





J R S Jackson - Director


Amaric Associates Limited (Registered number: 08465766)

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

1. STATUTORY INFORMATION

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost, 25% on cost and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Amaric Associates Limited (Registered number: 08465766)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 19,378
Additions 1,008
At 31 March 2024 20,386
DEPRECIATION
At 1 April 2023 7,194
Charge for year 3,663
At 31 March 2024 10,857
NET BOOK VALUE
At 31 March 2024 9,529
At 31 March 2023 12,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 166,730 174,979
Other debtors 876 -
167,606 174,979

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 6,000
Trade creditors 45,604 60,371
Taxation and social security 99,158 98,575
Other creditors 87,426 3,409
232,188 168,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 14,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director was paid dividends amounting to £85,000 (2023 : £56,050)

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J R S Jackson.