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REGISTERED NUMBER: 05780170 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Amclo Developments Ltd

Amclo Developments Ltd (Registered number: 05780170)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amclo Developments Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Budd
Mrs J L Budd





SECRETARY: Mrs J L Budd





REGISTERED OFFICE: c/o Ency Associates
Printware Court
Cumberland Business Centre
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 05780170 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Amclo Developments Ltd (Registered number: 05780170)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,862 4,742

CURRENT ASSETS
Stocks - 44,770
Debtors 5 6,657 13,481
Cash at bank 2,214 5,144
8,871 63,395
CREDITORS
Amounts falling due within one year 6 90,015 19,708
NET CURRENT (LIABILITIES)/ASSETS (81,144 ) 43,687
TOTAL ASSETS LESS CURRENT LIABILITIES (77,282 ) 48,429

CREDITORS
Amounts falling due after more than one
year

7

(11,145

)

(21,145

)

PROVISIONS FOR LIABILITIES - (901 )
NET (LIABILITIES)/ASSETS (88,427 ) 26,383

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (88,527 ) 26,283
SHAREHOLDERS' FUNDS (88,427 ) 26,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Amclo Developments Ltd (Registered number: 05780170)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





M Budd - Director


Amclo Developments Ltd (Registered number: 05780170)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Amclo Developments Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, this is considered appropriate as the director's have given their assurances that they will continue to support the company for a period of at least 12 months from the date of this report.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Amclo Developments Ltd (Registered number: 05780170)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 23,990 1,623 25,613
Additions - 636 636
At 30 April 2024 23,990 2,259 26,249
DEPRECIATION
At 1 May 2023 19,720 1,151 20,871
Charge for year 1,068 448 1,516
At 30 April 2024 20,788 1,599 22,387
NET BOOK VALUE
At 30 April 2024 3,202 660 3,862
At 30 April 2023 4,270 472 4,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 6,657 13,481

Amclo Developments Ltd (Registered number: 05780170)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,204 562
Taxation and social security - 6,728
Other creditors 76,811 2,418
90,015 19,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,145 21,145

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Budd.