Registered number
10538159
Amenico Limited
Filleted Accounts
31 December 2023
Amenico Limited
Registered number: 10538159
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 275,841 276,103
Current assets
Cash at bank and in hand 596 683
Creditors: amounts falling due within one year 4 (56,954) (65,868)
Net current liabilities (56,358) (65,185)
Total assets less current liabilities 219,483 210,918
Creditors: amounts falling due after more than one year 5 (230,125) (219,152)
Net liabilities (10,642) (8,234)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,742) (8,334)
Shareholders' funds (10,642) (8,234)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
C Nicolaou
Director
Approved by the board on 16 September 2024
Amenico Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 274,354 2,420 276,774
At 31 December 2023 274,354 2,420 276,774
Depreciation
At 1 January 2023 - 671 671
Charge for the year - 262 262
At 31 December 2023 - 933 933
Net book value
At 31 December 2023 274,354 1,487 275,841
At 31 December 2022 274,354 1,749 276,103
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 8,333
Other creditors 56,954 57,535
56,954 65,868
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 230,125 219,152
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 230,125 -
Registration of a charge dated 28 June 2023 by Precise Mortgages.
7 Other information
Amenico Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Mount Pleasant
Cockfosters
Barnet
Herts EN4 9HH
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