Company Registration No. 02480014 (England and Wales)
AMPGUILD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
AMPGUILD LIMITED
COMPANY INFORMATION
Directors
Mr G A Lawson
Mrs J R Lawson
Secretary
Mrs J R Lawson
Company number
02480014
Registered office
The Old Toll House
Buckland St Mary
Chard
Somerset
TA20 3SU
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
AMPGUILD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AMPGUILD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4
Current assets
Cash at bank and in hand
387
137
Creditors: amounts falling due within one year
4
(10,842)
(7,327)
Net current liabilities
(10,455)
(7,190)
Total assets less current liabilities
(10,455)
(7,186)
Capital and reserves
Called up share capital
5
4
4
Profit and loss reserves
(10,459)
(7,190)
Total equity
(10,455)
(7,186)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 18 November 2024 and are signed on its behalf by:
Mr G A Lawson
Director
Company Registration No. 02480014
AMPGUILD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Ampguild Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2
Going concern
The director plans to wind down this company following the decision to cease trading hence these accounts have been prepared on the break-up basis.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% Reducing balance
Computer equipment
33.33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.5
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 1).
AMPGUILD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2023
362
3,077
3,439
Disposals
(362)
(3,077)
(3,439)
At 31 March 2024
Depreciation and impairment
At 1 April 2023
358
3,077
3,435
Eliminated in respect of disposals
(358)
(3,077)
(3,435)
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
4
4
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
10,092
6,577
Accruals and deferred income
750
750
10,842
7,327
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary shares of £1 each
4
4