Company registration number 12214067 (England and Wales)
AMYLA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
AMYLA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
AMYLA LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2024
- 1 -
31 October 2024
30 June 2023
Notes
£
£
£
£
Fixed assets
Investments
3
4,016,117
4,016,117
Current assets
Debtors
5
200,000
200,000
Cash at bank and in hand
28,151
40,149
228,151
240,149
Creditors: amounts falling due within one year
6
(2,614,542)
(2,489,304)
Net current liabilities
(2,386,391)
(2,249,155)
Total assets less current liabilities
1,629,726
1,766,962
Creditors: amounts falling due after more than one year
7
(1,676,675)
(1,740,179)
Net (liabilities)/assets
(46,949)
26,783
Capital and reserves
Called up share capital
8
104
104
Profit and loss reserves
(47,053)
26,679
Total equity
(46,949)
26,783
For the financial period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
Mr R Hudda
Director
Company registration number 12214067 (England and Wales)
AMYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Amyla Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Charlotte Park Avenue, Bickley, Kent, BR1 2UG.
1.1
Reporting period
The period covered by these accounts is longer than 12 months as the company changed to a 31 October reporting period. As a result, the amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Turnover
Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of professional services is recognised in the period in which the services were provided.
1.4
Fixed asset investments
Interests in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
AMYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
0
0
AMYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 4 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
4,016,117
4,016,117
4
Subsidiaries
Details of the company's subsidiaries at 31 October 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Smartblade Ltd
4 Charlotte Park Avenue, Bromley BR1 2UG
Ordinary £1
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Smartblade Ltd
2,026,163
189,019
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
200,000
200,000
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
74,564
85,625
Amounts owed to subsidiaries
534,719
318,506
Other creditors
2,004,060
2,083,748
Accruals and deferred income
1,199
1,425
2,614,542
2,489,304
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,676,675
1,740,179
Bank loans amounting to £1,677,790 (2023: £1,825,804) were secured by way of fixed and floating charges over all assets of the company.
AMYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 5 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary A shares of £1 each
1
1
1
1
Ordinary B shares of £1 each
1
1
1
1
Ordinary C shares of £1 each
1
1
1
1
Ordinary D shares of £1 each
1
1
1
1
104
104
104
104
Ordinary £1 shares, Ordinary A £1 shares, Ordinary B £1 shares, Ordinary C £1 shares and Ordinary D £1 shares rank pari passu in all respects.
9
Related party transactions
Transactions with related parties
During the period the company entered into the following transactions with related parties:
2024
2023
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
534,719
318,506
Other related parties
2,000,096
2,080,096
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Other related parties
200,000
200,000
10
Directors' transactions
Included within other creditors was an amount owed to the directors of £3,964 (2023: £3,652).