Company Registration No. 10449515 (England and Wales)
AMIGOS COMMODITIES LTD
Unaudited accounts
for the year ended 31 December 2024
AMIGOS COMMODITIES LTD
Unaudited accounts
Contents
AMIGOS COMMODITIES LTD
Company Information
for the year ended 31 December 2024
Company Number
10449515 (England and Wales)
Registered Office
CROWN HOUSE
27 OLD GLOUCESTER STREET
LONDON
WC1N 3AX
ENGLAND
Accountants
Connect Advisory Partners Ltd
Crown House
27 Old Gloucester Street,
London
WC1N 3AX
AMIGOS COMMODITIES LTD
Statement of financial position
as at 31 December 2024
Tangible assets
15,204
15,543
Cash at bank and in hand
126,347
84,322
Creditors: amounts falling due within one year
(420,964)
(316,286)
Net current assets
488,615
454,947
Total assets less current liabilities
503,819
470,490
Creditors: amounts falling due after more than one year
(230,547)
(258,798)
Net assets
273,272
211,692
Called up share capital
50,000
50,000
Capital contribution reserve
263
263
Profit and loss account
223,009
161,429
Shareholders' funds
273,272
211,692
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 4 January 2025 and were signed on its behalf by
Edmond Anokorang
Director
Company Registration No. 10449515
AMIGOS COMMODITIES LTD
Notes to the Accounts
for the year ended 31 December 2024
AMIGOS COMMODITIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10449515. The registered office is CROWN HOUSE, 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
20% Straight line method
Computer equipment
25% Straight line method
AMIGOS COMMODITIES LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
27,990
8,774
36,764
Additions
3,472
4,712
8,184
At 31 December 2024
31,462
13,486
44,948
At 1 January 2024
16,909
4,312
21,221
Charge for the year
6,292
2,231
8,523
At 31 December 2024
23,201
6,543
29,744
At 31 December 2024
8,261
6,943
15,204
At 31 December 2023
11,081
4,462
15,543
Raw materials of £9011 has been written off as this is no in good and usable conditions to be sold.
Amounts falling due within one year
Trade debtors
775,232
677,900
Accrued income and prepayments
8,000
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
378,112
300,511
Proposed dividends
10,000
10,000
Other creditors
27,013
8,086
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
156,614
186,307
Obligations under finance leases and hire purchase contracts
7,692
16,250
Loans from directors
66,241
56,241
AMIGOS COMMODITIES LTD
Notes to the Accounts
for the year ended 31 December 2024
9
Post balance sheet events
Dividends:
On 31st December 2024, the directors proposed a dividend of £10,000 which will be converted into directors loan.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).