REGISTERED NUMBER: 08110569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AMULET ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A G Connolly

Mr M Steinbergs

Mrs S Connolly

Mrs E Steinbergs

REGISTERED OFFICE:

1 & 2 Mercia Business Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

08110569 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

-

3,054,033

CURRENT ASSETS

Debtors

5

670,900

534,314

Cash at bank

4,278,016

76,242

4,948,916

610,556

CREDITORS

Amounts falling due within one year

6

583,092

474,764

NET CURRENT ASSETS

4,365,824

135,792

TOTAL ASSETS LESS CURRENT LIABILITIES

4,365,824

3,189,825

CREDITORS

Amounts falling due after more than one year

7

-

992,270

NET ASSETS

4,365,824

2,197,555

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

4,365,724

2,197,455

SHAREHOLDERS' FUNDS

4,365,824

2,197,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr A G Connolly - Director

1.	STATUTORY INFORMATION

Amulet Associates Ltd 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.

Land and buildings

-

2% on cost (only on Buildings)

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

3,419,636

97,481

3,517,117

Disposals

(3,419,636

)

-

(3,419,636

)

At 31 March 2025

-

97,481

97,481

DEPRECIATION

At 1 April 2024

365,603

97,481

463,084

Eliminated on disposal

(365,603

)

-

(365,603

)

At 31 March 2025

-

97,481

97,481

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

3,054,033

-

3,054,033

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

26,909

Other debtors

670,900

507,405

670,900

534,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

-

120,880

Taxation and social security

556,519

229,184

Other creditors

26,573

124,700

583,092

474,764

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

992,270

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

646,637

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

120,880

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

131,737

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

213,896

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

646,637

There were 6 charges registered with the Registrar of Companies in January, 2016 with the person entitled to the charge in each case being the Bank of Cyprus. There were a further 2 charges registered in June, 2017 with the person entitled to the charge in each case being the Bank of Cyprus.

9.

RESERVES

Retained

earnings

£

At 1 April 2024

2,197,455

Profit for the year

2,168,269

At 31 March 2025

4,365,724

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr A G Connolly and Mrs S Connolly

Balance outstanding at start of year

178,518

85,697

Amounts advanced

110,257

96,354

Amounts repaid

-

(3,533

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

288,775

178,518

Mr M Steinbergs and Mrs E Steinbergs

Balance outstanding at start of year

197,742

138,758

Amounts advanced

54,270

64,517

Amounts repaid

(2,000

)

(5,533

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

250,012

197,742

There is also £5,545 owed by the Connolly and Steinbergs partnership whom the four Directors are partners.