Registered number
04944785
Amita (UK) Limited
Unaudited Filleted Accounts
31 October 2024
Amita (UK) Limited
Registered number: 04944785
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,614 26,460
Current assets
Stocks 50 50
Debtors 4 136,553 163,600
Cash at bank and in hand 58,532 57,902
195,135 221,552
Creditors: amounts falling due within one year 5 (105,850) (143,876)
Net current assets 89,285 77,676
Total assets less current liabilities 126,899 104,136
Provisions for liabilities (7,147) (5,027)
Net assets 119,752 99,109
Capital and reserves
Called up share capital 100 100
Profit and loss account 119,652 99,009
Shareholders' funds 119,752 99,109
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Astles
Director
Approved by the board on 5 March 2025
Amita (UK) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 110,556 12,058 122,614
Additions 18,129 - 18,129
At 31 October 2024 128,685 12,058 140,743
Depreciation
At 1 November 2023 86,957 9,197 96,154
Charge for the year 6,260 715 6,975
At 31 October 2024 93,217 9,912 103,129
Net book value
At 31 October 2024 35,468 2,146 37,614
At 31 October 2023 23,599 2,861 26,460
4 Debtors 2024 2023
£ £
Trade debtors 77,987 106,664
Other debtors 58,566 56,936
136,553 163,600
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26,453 61,335
Corporation tax 29,029 22,481
Other taxes and social security costs 33,567 33,347
Other creditors 16,801 26,713
105,850 143,876
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Astles
Loan - 13,645 - 13,645
A Astles
Loan - 921 - 921
- 14,566 - 14,566
7 Other information
Amita (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Verity Court
Pochin Way
Middlewich
Cheshire
CW10 0GW
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