AMZ Global Brands Ltd |
Notes to the Accounts |
for the period from 22 March 2023 to 29 February 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Creditors |
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Short term creditors are measured at transaction price. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2024 |
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Number |
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Average number of persons employed by the company |
0 |
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3 |
Debtors |
2024 |
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£ |
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Other debtors |
220 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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£ |
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Trade creditors |
420 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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2,678 |
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Other creditors |
528 |
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3,626 |
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5 |
Other information |
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AMZ Global Brands Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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167-169 Great Portland Street |
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5th Floor |
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London |
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W1W 5PF |