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Registration number: 14286185

Amavic Limited

Unaudited Filleted Financial Statements

for the Period from 9 August 2022 to 31 December 2023

 

Amavic Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Amavic Limited

Company Information

Directors

Maria Foces Zaratiegui

Victor Del Rio Vilas

Registered office

9 Hare & Billet Road
Blackheath
SE3 0RB

Accountants

Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 0RB

 

Amavic Limited

(Registration number: 14286185)
Balance Sheet as at 31 December 2023

Note

2023
£

Current assets

 

Debtors

5

112,328

Creditors: Amounts falling due within one year

6

(41,891)

Net assets

 

70,437

Capital and reserves

 

Called up share capital

7

100

Retained earnings

70,337

Shareholders' funds

 

70,437

For the financial period ending 31 December 2023 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 period 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 November 2024 and signed on its behalf by:
 

.........................................
Maria Foces Zaratiegui
Director

.........................................
Victor Del Rio Vilas
Director

 

Amavic Limited

Notes to the Unaudited Financial Statements for the Period from 9 August 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

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

Going concern

The financial statements have not been prepared on a going concern basis due to the company being shut down.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and when the service is performed, if the service straddles more than one accounting period, income is recognised on a pro rata basis.

 

Amavic Limited

Notes to the Unaudited Financial Statements for the Period from 9 August 2022 to 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

4

Taxation

Tax charged/(credited) in the income statement

2023
£

Current taxation

UK corporation tax

40,391

5

Debtors

2023
£

Other debtors

112,328

112,328

 

Amavic Limited

Notes to the Unaudited Financial Statements for the Period from 9 August 2022 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

40,391

Accruals and deferred income

1,500

41,891

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary A of £1 each

50

50

Ordinary B of £1 each

50

50

100

100

8

Dividends

Final dividends paid

2023
£

Final dividend of 1 per each Ordinary A

47,313

Final dividend of 1 per each Ordinary B

29,480

76,793

 

Amavic Limited

Notes to the Unaudited Financial Statements for the Period from 9 August 2022 to 31 December 2023

9

Related party transactions

Summary of transactions with other related parties

Victor Del Rio Vilas & Maria Foces Zaratiegui
(Directors)


 During the year, the directors received £204,989 of business income personally and paid for £13,338 of business expenses personally. They also withdrew a total of £76,793 of dividends and was charged £1,822 of interest on this loan. At the end of the year, £112,328 was due from the directors to the business.