Registration number:
A.M.P. Foods Limited
for the Year Ended 31 January 2024
A.M.P. Foods Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
A.M.P. Foods Limited
Company Information
Directors |
M Walton A D Robinson |
Company secretary |
M Walton |
Registered office |
|
A.M.P. Foods Limited
(Registration number: 03103049)
Balance Sheet as at 31 January 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Retained earnings |
( |
( |
|
Shareholders' deficit |
( |
( |
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 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
......................................... |
A.M.P. Foods Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
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:
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
|||
At 1 February 2023 |
|
|
|
At 31 January 2024 |
|
|
|
Depreciation |
|||
At 1 February 2023 |
|
|
|
At 31 January 2024 |
|
|
|
Carrying amount |
|||
At 31 January 2024 |
|
- |
|
At 31 January 2023 |
|
- |
|
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
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
|
Other borrowings |
|
|
Other borrowings include unsecured amounts due to the Directors and other related parties.
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
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).