1 April 2023 false Taxfiler 2024.6 true 08451699business:PrivateLimitedCompanyLtd2023-04-012024-03-31 084516992023-03-31 084516992023-04-012024-03-31 08451699business:AuditExemptWithAccountantsReport2023-04-012024-03-31 08451699business:FilletedAccounts2023-04-012024-03-31 084516992024-03-31 08451699business:Director12023-04-012024-03-31 08451699business:Director22023-04-012024-03-31 08451699business:Director32023-04-012024-03-31 08451699business:Director42023-04-012024-03-31 08451699business:CompanySecretary12023-04-012024-03-31 08451699business:RegisteredOffice2023-04-012024-03-31 084516992023-03-31 08451699core:WithinOneYear2024-03-31 08451699core:WithinOneYear2023-03-31 08451699core:AfterOneYear2024-03-31 08451699core:AfterOneYear2023-03-31 08451699core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08451699core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08451699core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08451699core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08451699core:PreviouslyStatedAmount2024-03-31 08451699core:PreviouslyStatedAmount2023-03-31 08451699business:SmallEntities2023-04-012024-03-31 08451699countries:EnglandWales2023-04-012024-03-31 08451699core:PlantMachinery2023-04-012024-03-31 08451699core:PlantMachinery2023-03-31 08451699core:ComputerEquipment2023-03-31 08451699core:ComputerEquipment2023-04-012024-03-31 08451699core:PlantMachinery2024-03-31 08451699core:ComputerEquipment2024-03-31 08451699core:AfterOneYear2023-04-012024-03-31 08451699business:OrdinaryShareClass12023-04-012024-03-31 08451699business:OrdinaryShareClass12022-04-012023-03-31 08451699business:OrdinaryShareClass22023-04-012024-03-31 08451699business:OrdinaryShareClass22022-04-012023-03-31 08451699business:OrdinaryShareClass32023-04-012024-03-31 08451699business:OrdinaryShareClass32022-04-012023-03-31 08451699business:OrdinaryShareClass42023-04-012024-03-31 08451699business:OrdinaryShareClass42022-04-012023-03-31 08451699business:OrdinaryShareClass52023-04-012024-03-31 08451699business:OrdinaryShareClass52022-04-012023-03-31 08451699business:AllOrdinaryShares2023-04-012024-03-31 08451699business:AllOrdinaryShares2022-04-012023-03-31 08451699core:BetweenOneFiveYears2024-03-31 08451699core:BetweenOneFiveYears2023-03-31 084516992022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08451699 (England and Wales)
AMC Energi Ltd Unaudited accounts for the year ended 31 March 2024
AMC Energi Ltd Unaudited accounts Contents
Page
- 2 -
AMC Energi Ltd Company Information for the year ended 31 March 2024
Directors
Mr A L Platt Mr D S R Oliver Mrs A M Oliver Mrs G Platt
Secretary
Mrs G Platt
Company Number
08451699 (England and Wales)
Registered Office
Unit 9, Penn Farm Studios Harston Road Haslingfield Cambs CB23 1JZ
Accountants
Accountibbleity Ltd 7, Station Road West Whittlesford Cambridgeshire CB22 4NL
- 3 -
AMC Energi Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,833 
175 
Current assets
Inventories
9,900 
1,500 
Debtors
68,593 
239,566 
Cash at bank and in hand
36,001 
- 
114,494 
241,066 
Creditors: amounts falling due within one year
(85,208)
(286,282)
Net current assets/(liabilities)
29,286 
(45,216)
Total assets less current liabilities
33,119 
(45,041)
Creditors: amounts falling due after more than one year
(15,784)
(36,771)
Provisions for liabilities
Deferred tax
(729)
(34)
Net assets/(liabilities)
16,606 
(81,846)
Capital and reserves
Called up share capital
105 
105 
Profit and loss account
16,501 
(81,951)
Shareholders' funds
16,606 
(81,846)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by
Mr A L Platt Director Company Registration No. 08451699
- 4 -
AMC Energi Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
AMC Energi Ltd is a private company, limited by shares, registered in England and Wales, registration number 08451699. The registered office is Unit 9, Penn Farm Studios, Harston Road, Haslingfield, Cambs, CB23 1JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the goods have been delivered and the title has passed. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion. This can only be done where the amount of turnover can be measured reliably; it is probable that the Company will receive the consideration due; the stage of completion can be measured reliably; and the costs incurred and the cost to complete the contract can be measured reliably.
Operating leases
Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the term of the lease.
Finance Costs
Finance costs are charged to the Income and Retained earnings over the term of the debt using the effective interest method, so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Borrowing costs
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the period in which they are incurred.
Pension costs
The Company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the Statement of Income and Retained Earnings when they fall due. Any amounts not paid are shown within creditors on the balance sheet. The assets of the scheme are held separately from the Company in independently administered funds.
- 5 -
AMC Energi Ltd Notes to the Accounts for the year ended 31 March 2024
Current and deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the accounting period. Deferred Tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the accounting period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Typically over 3 to 5 years on a straight line basis.
Work in Progress
Work in Progress has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress cost includes a relevant proportion of overheads according to the stage of completion.
Financial instruments
The Company only enters into basic financial instrument transactions that result from the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in Statement of Income and Retained Earnings.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
1,706 
1,706 
Additions
4,000 
- 
4,000 
At 31 March 2024
4,000 
1,706 
5,706 
Depreciation
At 1 April 2023
- 
1,531 
1,531 
Charge for the year
167 
175 
342 
At 31 March 2024
167 
1,706 
1,873 
Net book value
At 31 March 2024
3,833 
- 
3,833 
At 31 March 2023
- 
175 
175 
- 6 -
AMC Energi Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,014 
228,905 
Accrued income and prepayments
4,034 
4,049 
Other debtors
10,545 
6,612 
68,593 
239,566 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
16,567 
49,442 
VAT
22,390 
67,287 
Trade creditors
4,599 
8,247 
Taxes and social security
31,046 
8,750 
Other creditors
2,987 
462 
Loans from directors
710 
12,354 
Accruals
6,909 
7,534 
Deferred income
- 
132,206 
85,208 
286,282 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,784 
36,771 
A secured debt which was secured via a fixed and floating charge on the Company's assets was fully discharged during 2024 (2023 - £26,911) A Government backed Bounce Back Loan was taken out in June 2020 and the analysis of the maturity can be found below: Amounts falling due within 1 year £10,000 (2023 - £10,0000) Amounts falling due 2-5 years £15,784 (2023- £24,357)
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares Of £1 each of £1 each
100 
100 
1 Ordinary Share A of £1 of £1 each
1 
1 
1 Ordinary Share B of £1 of £1 each
1 
1 
1 Ordinary Share C of £1 of £1 each
1 
1 
1 Ordinary Share D of £1 of £1 each
1 
1 
1 Ordinary Share E of £1 of £1 each
105 
105 
- 7 -
AMC Energi Ltd Notes to the Accounts for the year ended 31 March 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,500 
12,500 
Later than one year and not later than five years
37,500 
- 
50,000 
12,500 
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 8 -