7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 08719578 2024-04-01 2025-03-31 08719578 2025-03-31 08719578 2024-03-31 08719578 2023-04-01 2024-03-31 08719578 2024-03-31 08719578 2023-03-31 08719578 core:PlantMachinery 2024-04-01 2025-03-31 08719578 bus:Director1 2024-04-01 2025-03-31 08719578 bus:Director2 2024-04-01 2025-03-31 08719578 core:PlantMachinery 2024-03-31 08719578 core:PlantMachinery 2025-03-31 08719578 core:WithinOneYear 2025-03-31 08719578 core:WithinOneYear 2024-03-31 08719578 core:ShareCapital 2025-03-31 08719578 core:ShareCapital 2024-03-31 08719578 core:RetainedEarningsAccumulatedLosses 2025-03-31 08719578 core:RetainedEarningsAccumulatedLosses 2024-03-31 08719578 core:PlantMachinery 2024-03-31 08719578 bus:SmallEntities 2024-04-01 2025-03-31 08719578 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08719578 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08719578 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08719578 bus:FullAccounts 2024-04-01 2025-03-31 08719578 core:ComputerEquipment 2024-04-01 2025-03-31 08719578 core:ComputerEquipment 2024-03-31 08719578 core:ComputerEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 08719578
Amazing If Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2025
Amazing If Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
4,778
4,783
Current assets
Stocks
3,554
Debtors
6
310,165
388,876
Cash at bank and in hand
1,077,482
1,268,035
------------
------------
1,387,647
1,660,465
Creditors: amounts falling due within one year
7
806,995
678,763
------------
------------
Net current assets
580,652
981,702
---------
---------
Total assets less current liabilities
585,430
986,485
Provisions
1,034
---------
---------
Net assets
584,396
986,485
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
584,394
986,483
---------
---------
Shareholders funds
584,396
986,485
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Amazing If Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 18 August 2025 , and are signed on behalf of the board by:
S Ellis
H Tupper
Director
Director
Company registration number: 08719578
Amazing If Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Bell Yard, London, WC2A 2JR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Computer equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).
5. Tangible assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
2,418
6,248
8,666
Additions
538
2,688
3,226
Disposals
( 979)
( 2,030)
( 3,009)
-------
-------
-------
At 31 March 2025
1,977
6,906
8,883
-------
-------
-------
Depreciation
At 1 April 2024
1,281
2,602
3,883
Charge for the year
359
2,083
2,442
Disposals
( 537)
( 1,683)
( 2,220)
-------
-------
-------
At 31 March 2025
1,103
3,002
4,105
-------
-------
-------
Carrying amount
At 31 March 2025
874
3,904
4,778
-------
-------
-------
At 31 March 2024
1,137
3,646
4,783
-------
-------
-------
6. Debtors
2025
2024
£
£
Trade debtors
287,330
296,227
Other debtors
22,835
92,649
---------
---------
310,165
388,876
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,942
1,618
Social security and other taxes
493,608
447,735
Other creditors
304,445
229,410
---------
---------
806,995
678,763
---------
---------
8. Other financial commitments
The total future minimum lease payments under non-cancellable operating leases amount to £ 18,613 (2024: £nil).
9. Directors' advances, credits and guarantees
During the year the company made advances to and received repayments from the directors. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000. There are no repayment terms.
2025 2024
£ £
Advances 2,471
Repayments 2,471