Registered number
10806621
Amanieu Systems Ltd
Filleted Accounts
31 March 2024
Amanieu Systems Ltd
Registered number: 10806621
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 9,900 9,900
Investments 4 2,388,730 768,453
2,398,630 778,353
Current assets
Debtors 5 1,130,942 124,153
Cash at bank and in hand 754,931 754,914
1,885,873 879,067
Creditors: amounts falling due within one year 6 (673,782) (21,050)
Net current assets 1,212,091 858,017
Net assets 3,610,721 1,636,370
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 3,600,721 1,626,370
Shareholder's funds 3,610,721 1,636,370
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bernard d'Antras
Director
Approved by the board on 12 September 2024
Amanieu Systems Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 9,900
At 31 March 2024 9,900
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 9,900
At 31 March 2023 9,900
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Investments
Other
investments
£
Cost
At 1 April 2023 768,453
Additions 1,620,277
At 31 March 2024 2,388,730
5 Debtors 2024 2023
£ £
Trade debtors 731,460 -
Foreign Withholding Tax 399,482 124,153
1,130,942 124,153
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 533,893 -
Taxation and social security costs 125,572 (15)
Other creditors 14,317 21,065
673,782 21,050
7 Other information
Amanieu Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Frederick Street
Kings Cross
London
WC1X 0ND
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