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REGISTERED NUMBER: 09107453 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 30 June 2024

for

AMLEVCO LIMITED

AMLEVCO LIMITED (REGISTERED NUMBER: 09107453)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AMLEVCO LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N Armeo





REGISTERED OFFICE: 7a Station Approach
South Ruislip
HA4 6RU





REGISTERED NUMBER: 09107453 (England and Wales)





ACCOUNTANTS: Garo & Co UK LLP
Chartered Certified Accountants
27 Daventry Street
London
NW1 6TD

AMLEVCO LIMITED (REGISTERED NUMBER: 09107453)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 483,252 341,289

CURRENT ASSETS
Debtors 88,148 61,907
Cash at bank 7,569 173,831
95,717 235,738
CREDITORS
Amounts falling due within one year 268,279 257,514
NET CURRENT LIABILITIES (172,562 ) (21,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,690

319,513

CREDITORS
Amounts falling due after more than one
year

(351,083

)

(285,816

)

PROVISIONS FOR LIABILITIES (50 ) (50 )
NET (LIABILITIES)/ASSETS (40,443 ) 33,647

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (40,444 ) 33,646
SHAREHOLDERS' FUNDS (40,443 ) 33,647

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

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

The director acknowledges his 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.

AMLEVCO LIMITED (REGISTERED NUMBER: 09107453)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





N Armeo - Director


AMLEVCO LIMITED (REGISTERED NUMBER: 09107453)

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

1. STATUTORY INFORMATION

Amlevco 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - life of lease
Improvements to property - life of lease
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Computer equipment - 25% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 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.

AMLEVCO LIMITED (REGISTERED NUMBER: 09107453)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
The director has considered the Company's position at the time of signing the financial statements, and the impact COVID-19 and the Russia/Ukraine conflict had on the financial results. As such under the current circumstances, it is difficult to produce meaningful forecasts for the remainder of the financial year and medium term. Nevertheless, the director has considered the current financial strength of the Company, together with the range of measures the director is able to take to mitigate ongoing costs should he need to.

Based on this, the director has concluded that he has a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. He therefore believes that the financial statements have been prepared appropriately on the going concern basis..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 527,097
Additions 248,594
Disposals (1,077 )
At 30 June 2024 774,614
DEPRECIATION
At 1 July 2023 185,808
Charge for year 106,631
Eliminated on disposal (1,077 )
At 30 June 2024 291,362
NET BOOK VALUE
At 30 June 2024 483,252
At 30 June 2023 341,289

AMLEVCO LIMITED (REGISTERED NUMBER: 09107453)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023 472,322
Additions 117,453
At 30 June 2024 589,775
DEPRECIATION
At 1 July 2023 167,518
Charge for year 86,293
At 30 June 2024 253,811
NET BOOK VALUE
At 30 June 2024 335,964
At 30 June 2023 304,804

5. SECURED DEBTS

The bank loan included under creditors is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme (BBLS).

The bank loan bears interest of 2.5% per annum.

6. RELATED PARTY DISCLOSURES

During the year the company made loan advances to Storm Lounge Ltd, a Company in which the director has a controlling interest. These advances were interest free and repayable on demand. The balance outstanding at the year end was £14,780 (2023: £Nil).