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Registered Number: 10927817
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 August 2024

for

AMLITE LTD

Directors Mr M R Shanks
Mrs A L Shanks
Registered Number 10927817
Registered Office 5 Sandy Court
Ashleigh Way
Plymouth
Devon
PL7 5JX
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 August 2024
Principal activities
The principal activity of the company in the year under review was that of manufacture of plastic builders ware.
Directors
The directors who have held office during the whole of the year were as follows:
Mr M R Shanks
Mrs A L Shanks
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr M R Shanks
Director

Date approved: 17 February 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 14,526    19,267 
14,526    19,267 
Current assets      
Stocks 4 140,700    153,894 
Debtors 5 31,309    12,907 
Cash at bank and in hand 36,815    49,401 
208,824    216,202 
Creditors: amount falling due within one year 6 (105,691)   (110,496)
Net current assets 103,133    105,706 
 
Total assets less current liabilities 117,659    124,973 
Creditors: amount falling due after more than one year 7 (4,086)   (9,213)
Provisions for liabilities 8 (2,760)   (3,661)
Net assets 110,813    112,099 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 110,713    111,999 
Shareholders' funds 110,813    112,099 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 February 2025 and were signed on its behalf by:


-------------------------------
Mr M R Shanks
Director
3
General Information
Amlite Ltd is a private company, limited by shares, registered in England and Wales, registration number 10927817, registration address 5 Sandy Court, Ashleigh Way, Plymouth, Devon, PL7 5JX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
Deferred taxation
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery 25% Reducing Balance
Computer Equipment 3 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 September 2023 43,893    6,300    1,709    51,902 
Additions     259    259 
Disposals      
At 31 August 2024 43,893    6,300    1,968    52,161 
Depreciation
At 01 September 2023 28,558    2,756    1,321    32,635 
Charge for year 3,834    886    280    5,000 
On disposals      
At 31 August 2024 32,392    3,642    1,601    37,635 
Net book values
Closing balance as at 31 August 2024 11,501    2,658    367    14,526 
Opening balance as at 01 September 2023 15,335    3,544    388    19,267 


4.

Stocks

2024
£
  2023
£
Stocks 140,700    153,894 
140,700    153,894 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 30,287    4,511 
Prepayments & Accrued Income 1,022    8,396 
31,309    12,907 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 7,607    4,475 
Bank Loans & Overdrafts 5,024    5,224 
Taxation and Social Security 724    6,518 
Other Creditors 92,336    94,279 
105,691    110,496 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 4,086    9,213 
4,086    9,213 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 2,760    3,661 
2,760    3,661 

9.

Ultimate controlling party

The company is ultimately controlled by Mr M R Shanks.
4