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REGISTERED NUMBER: 04207345 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AMC AGENCIES LIMITED

AMC AGENCIES LIMITED (REGISTERED NUMBER: 04207345)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AMC AGENCIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs N D Aytan
J Aytan





REGISTERED OFFICE: 113 Whitechapel Road
London
E1 1DT





REGISTERED NUMBER: 04207345 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

AMC AGENCIES LIMITED (REGISTERED NUMBER: 04207345)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,641 1
Tangible assets 5 - 2
39,641 3

CURRENT ASSETS
Stocks 28,633 28,633
Debtors 6 6,198,404 4,168,317
Cash at bank 2,980 36,240
6,230,017 4,233,190
CREDITORS
Amounts falling due within one year 7 5,753,515 3,596,396
NET CURRENT ASSETS 476,502 636,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,143

636,797

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 516,141 636,795
516,143 636,797

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.

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 31 January 2025 and were signed on its behalf by:





J Aytan - Director


AMC AGENCIES LIMITED (REGISTERED NUMBER: 04207345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Amc Agencies 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 (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
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.

Computer software and website development is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets
Tangible fixed assets is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant and machinery20% on cost
Fixtures and fittings20% 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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 statement of financial position date.


AMC AGENCIES LIMITED (REGISTERED NUMBER: 04207345)

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 statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 19,000
Additions 49,551
At 30 April 2024 68,551
AMORTISATION
At 1 May 2023 18,999
Charge for year 9,911
At 30 April 2024 28,910
NET BOOK VALUE
At 30 April 2024 39,641
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,474 57,443 59,917
DEPRECIATION
At 1 May 2023 2,473 57,442 59,915
Charge for year 1 1 2
At 30 April 2024 2,474 57,443 59,917
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 1 1 2

AMC AGENCIES LIMITED (REGISTERED NUMBER: 04207345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,735,313 3,738,346
Amounts owed by connected companies 850,605 15,400
Other debtors 612,486 414,571
6,198,404 4,168,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 777
Trade creditors 4,894,215 1,583,984
Amounts owed to connected companies 457,927 330,946
Taxation and social security 339,640 365,989
Other creditors 61,733 1,314,700
5,753,515 3,596,396

8. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an amount of £850,605 (2023 - £15,400) owed by connected companies. This loan is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount of £457,927 (2023 - £330,946) owed to connected companies. This loan is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount of £27,543 (2023 - £22,463) owed to the directors of the company. This loan is interest free and repayable on demand.