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Registered number: 02679563
Amorc Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Victoria Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02679563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 760,271 772,745
760,271 772,745
CURRENT ASSETS
Stocks 6 21,394 24,965
Debtors 7 27,061 25,224
Cash at bank and in hand 68,379 90,853
116,834 141,042
Creditors: Amounts Falling Due Within One Year 8 (231,568 ) (269,536 )
NET CURRENT ASSETS (LIABILITIES) (114,734 ) (128,494 )
TOTAL ASSETS LESS CURRENT LIABILITIES 645,537 644,251
Creditors: Amounts Falling Due After More Than One Year 9 (63,280 ) (63,280 )
NET ASSETS 582,257 580,971
CAPITAL AND RESERVES
Called up share capital 10 643,000 643,000
Profit and Loss Account (60,743 ) (62,029 )
SHAREHOLDERS' FUNDS 582,257 580,971
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sven Johansson
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Amorc Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02679563 . The registered office is Greenwood Gate, Black Hill, Crowborough, East Sussex, TN6 1XE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 64,350
As at 31 December 2024 64,350
Amortisation
As at 1 January 2024 64,350
As at 31 December 2024 64,350
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 909,803 25,626 33,905 174,001 1,143,335
Additions 5,583 - - 15,956 21,539
Disposals - - (33,905 ) - (33,905 )
As at 31 December 2024 915,386 25,626 - 189,957 1,130,969
Depreciation
As at 1 January 2024 185,588 21,676 33,715 129,611 370,590
...CONTINUED
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Page 5
Provided during the period 18,000 737 - 15,086 33,823
Disposals - - (33,715 ) - (33,715 )
As at 31 December 2024 203,588 22,413 - 144,697 370,698
Net Book Value
As at 31 December 2024 711,798 3,213 - 45,260 760,271
As at 1 January 2024 724,215 3,950 190 44,390 772,745
6. Stocks
2024 2023
£ £
Stock 21,394 24,965
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,402 8,074
Other debtors 18,659 17,150
27,061 25,224
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,782 22,563
Amounts owed to participating interests 154,554 214,557
Other creditors 30,000 29,876
Taxation and social security 6,232 2,540
231,568 269,536
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to participating interests 63,280 63,280
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 643,000 643,000
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