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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
Page
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AMIGOS COMMODITIES LTD Company Information for the year ended 31 December 2024
Director
Edmond Anokorang
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
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AMIGOS COMMODITIES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,204 
15,543 
Current assets
Inventories
- 
9,011 
Debtors
783,232 
677,900 
Cash at bank and in hand
126,347 
84,322 
909,579 
771,233 
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 
Capital and reserves
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
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AMIGOS COMMODITIES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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.
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
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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 
Depreciation
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 
Net book value
At 31 December 2024
8,261 
6,943 
15,204 
At 31 December 2023
11,081 
4,462 
15,543 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
- 
9,011 
- 
9,011 
Raw materials of £9011 has been written off as this is no in good and usable conditions to be sold.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
775,232 
677,900 
Accrued income and prepayments
8,000 
- 
783,232 
677,900 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,839 
(2,311)
Trade creditors
378,112 
300,511 
Proposed dividends
10,000 
10,000 
Other creditors
27,013 
8,086 
420,964 
316,286 
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 
230,547 
258,798 
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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).
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