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REGISTERED NUMBER: 08037159 (England and Wales)















Amethyst Research Limited

Financial Statements For The Year Ended 30th April 2024






Amethyst Research Limited (Registered number: 08037159)






Contents of the Financial Statements
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Amethyst Research Limited

Company Information
For The Year Ended 30th April 2024







DIRECTOR: Dr T Golding





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: 08037159 (England and Wales)





AUDITORS: Cheney & Co
Statutory Auditor
310 Wellingborough Road
Northampton
NN1 4EP

Amethyst Research Limited (Registered number: 08037159)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 18,560 23,200
Tangible assets 6 57 287
18,617 23,487

CURRENT ASSETS
Stocks 66,832 64,372
Debtors 7 115,913 71,499
Cash at bank 13,571 28,809
196,316 164,680
CREDITORS
Amounts falling due within one year 8 247,339 196,202
NET CURRENT LIABILITIES (51,023 ) (31,522 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,406

)

(8,035

)

CREDITORS
Amounts falling due after more than one
year

9

12,326

20,706
NET LIABILITIES (44,732 ) (28,741 )

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings (44,932 ) (28,941 )
SHAREHOLDERS' FUNDS (44,732 ) (28,741 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th November 2024 and were signed by:





Dr T Golding - Director


Amethyst Research Limited (Registered number: 08037159)

Notes to the Financial Statements
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

Amethyst Research Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of research development and marketing of infrared imaging and detectors.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 consistency applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Amethyst Research Limited (Registered number: 08037159)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These financial statements have been prepared on the going concern basis . The director has indicated that he will support the company for a period of twelve months following the date of approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 46,400
AMORTISATION
At 1st May 2023 23,200
Charge for year 4,640
At 30th April 2024 27,840
NET BOOK VALUE
At 30th April 2024 18,560
At 30th April 2023 23,200

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 2,586 3,870 6,456
DEPRECIATION
At 1st May 2023 2,586 3,583 6,169
Charge for year - 230 230
At 30th April 2024 2,586 3,813 6,399
NET BOOK VALUE
At 30th April 2024 - 57 57
At 30th April 2023 - 287 287

Amethyst Research Limited (Registered number: 08037159)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 23,140
Other debtors 115,913 48,359
115,913 71,499

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,080 11,648
Trade creditors 40,211 7,485
Taxation and social security 2,086 25
Other creditors 194,962 177,044
247,339 196,202

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 12,326 20,706

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,080 11,648
Other loans - 9,167
10,080 20,815

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,326 20,706

11. DEFERRED TAX
£   
Balance at 1st May 2023 (20,000 )
Provided during year (2,000 )
Balance at 30th April 2024 (22,000 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
200 200

Amethyst Research Limited (Registered number: 08037159)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Sparks FCA FCCA (Senior Statutory Auditor)
for and on behalf of Cheney & Co

14. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th April 2024 or 30th April 2023.

15. CAPITAL COMMITMENTS

There were no capital commitments as at 30th April 2024 or 30th April 2023.

16. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.