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Registration number: 01602689

Amethyst Designs Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Amethyst Designs Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Amethyst Designs Limited

Company Information

Directors

Mr Andrew Greavett

Mr Paul Fredrick Wealleans

Registered office

47/48 Viking Way
Bar Hill
Cambridgeshire
CB23 8EL

Accountants

Tayabali & White 5 High Green
Great Shelford
Cambridge
CB22 5EG

 

Amethyst Designs Limited

(Registration number: 01602689)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

45,162

42,490

Tangible assets

5

158,402

175,588

 

203,564

218,078

Current assets

 

Stocks

6

169,027

224,065

Debtors

7

289,032

371,223

Cash at bank and in hand

 

21,586

21,528

 

479,645

616,816

Creditors: Amounts falling due within one year

8

(567,287)

(637,169)

Net current liabilities

 

(87,642)

(20,353)

Total assets less current liabilities

 

115,922

197,725

Creditors: Amounts falling due after more than one year

8

(10,002)

(20,001)

Provisions for liabilities

(30,849)

(33,244)

Net assets

 

75,071

144,480

Capital and reserves

 

Called up share capital

9

1,600

1,600

Retained earnings

73,471

142,880

Shareholders' funds

 

75,071

144,480

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Amethyst Designs Limited

(Registration number: 01602689)
Balance Sheet as at 30 June 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 February 2025 and signed on its behalf by:
 

.........................................
Mr Paul Fredrick Wealleans
Director

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The company's registered number is 01602689.

The address of its registered office is:
47/48 Viking Way
Bar Hill
Cambridgeshire
CB23 8EL

These financial statements were authorised for issue by the Board on 28 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided in the accounts at monthly amounts to write off the cost of the asset (less residual value) over its anticipated useful life.

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2023 - 30).

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

60,700

60,700

Additions acquired separately

19,750

19,750

At 30 June 2024

80,450

80,450

Amortisation

At 1 July 2023

18,210

18,210

Amortisation charge

17,078

17,078

At 30 June 2024

35,288

35,288

Carrying amount

At 30 June 2024

45,162

45,162

At 30 June 2023

42,490

42,490

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Tangible assets

Land and buildings
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 July 2023

112,429

6,943

53,361

414,331

48,813

Additions

-

-

3,392

-

3,023

At 30 June 2024

112,429

6,943

56,753

414,331

51,836

Depreciation

At 1 July 2023

59,521

1,485

41,309

331,974

44,660

Charge for the year

5,291

660

3,734

8,194

1,328

At 30 June 2024

64,812

2,145

45,043

340,168

45,988

Carrying amount

At 30 June 2024

47,617

4,798

11,710

74,163

5,848

At 30 June 2023

52,908

5,458

12,052

82,357

4,153

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

25,959

661,836

Additions

-

6,415

At 30 June 2024

25,959

668,251

Depreciation

At 1 July 2023

7,299

486,248

Charge for the year

4,394

23,601

At 30 June 2024

11,693

509,849

Carrying amount

At 30 June 2024

14,266

158,402

At 30 June 2023

18,660

175,588

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Stocks

2024
£

2023
£

Raw materials and consumables

113,097

147,486

Work in progress

55,930

76,579

169,027

224,065

7

Debtors

Current

2024
£

2023
£

Trade debtors

276,642

365,670

Prepayments

4,890

4,403

Other debtors

7,500

1,150

 

289,032

371,223

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

200,182

248,946

Trade creditors

 

176,669

229,054

Taxation and social security

 

68,621

78,982

Accruals and deferred income

 

13,467

12,960

Other creditors

 

108,348

67,227

 

567,287

637,169

Barclays Bank plc holds a fixed and floating charge dated 24th January 2008 over all assets of the company.

A Barclays loan of £50,000 was advanced in June 2020. There were no repayments or interest charged in the first 12 months. After 12 months the interest was 2.5% a year and the repayments are approx £900 per month for 60 months. Repayments began in July 2021.

 

Amethyst Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10,002

20,001

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,600

1,600

1,600

1,600

       

10

Dividends

2024

2023

£

£

Interim dividend of £100.0375 (2023 - £88.0313) per ordinary share

160,060

140,850