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Registration number: 03103049

A.M.P. Foods Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

A.M.P. Foods Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

A.M.P. Foods Limited

Company Information

Directors

M Walton

A D Robinson

Company secretary

M Walton

Registered office

Units 6 - 9
Aire Street
Castleford
West Yorkshire
WF10 1JJ

 

A.M.P. Foods Limited

(Registration number: 03103049)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,000

10,000

Creditors: Amounts falling due within one year

5

(39,598)

(38,819)

Net liabilities

 

(29,598)

(28,819)

Capital and reserves

 

Called up share capital

4

4

Retained earnings

(29,602)

(28,823)

Shareholders' deficit

 

(29,598)

(28,819)

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
A D Robinson
Director

 

A.M.P. Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 03103049.

The address of its registered office is:
Units 6 - 9
Aire Street
Castleford
West Yorkshire
WF10 1JJ

These financial statements were authorised for issue by the Board on 23 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The directors realise that there are concerns about the going concern of the company due to its insolvent balance sheet. The main cause of this is a loan from a related party as well as director loan balances.

The directors have offered their full support to the entity and have confirmed that neither they nor the related party will seek repayment of the loan balance until the company has the funds to so.

The company has continued to trade beyond the balance sheet date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

 

A.M.P. Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

28,723

18,833

47,556

At 31 January 2024

28,723

18,833

47,556

Depreciation

At 1 February 2023

18,723

18,833

37,556

At 31 January 2024

18,723

18,833

37,556

Carrying amount

At 31 January 2024

10,000

-

10,000

At 31 January 2023

10,000

-

10,000

Included within the net book value of land and buildings above is £10,000 (2023 - £10,000) in respect of freehold land and buildings.
 

 

A.M.P. Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

22,785

22,785

Accruals and deferred income

 

781

746

Other creditors

 

16,032

15,288

 

39,598

38,819

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

22,785

22,785

Other borrowings include unsecured amounts due to the Directors and other related parties.

7

Related party transactions

Other transactions with Directors

At the year end, the Company owed the Directors £22,785 (2023: £22,785). The amount is unsecured, interest-free and repayable on demand.

Summary of transactions with other related parties

Davison & Robinson Limited (a Company with Directors and Shareholders in common)

At the year end, the amount due to Davison & Robinson Limited by the Company was £16,032 (2023: £15,288). The amount is unsecured, interest-free and repayable on demand. Net sales in the year to Davison & Robinson Limited amounted to £Nil (£Nil) and net purchases amounted to £Nil (2023: Nil).