COMPANY REGISTRATION NUMBER:
02476795
|
Filleted Unaudited Financial Statements |
|
|
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Americano Limited |
|
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Americano Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
BROOKS & CO.
Chartered Accountants
9 Cheam Road
Ewell
Epsom
Surrey
KT17 1SP
22 December 2025
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
4 |
27,619 |
29,549 |
|
|
|
|
Current assets
|
Cash at bank and in hand |
205,191 |
152,911 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
226,629) |
(
248,216) |
|
--------- |
--------- |
|
Net current assets |
431,820 |
401,127 |
|
--------- |
--------- |
|
Total assets less current liabilities |
459,439 |
430,676 |
|
--------- |
--------- |
|
Net assets |
459,439 |
430,676 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1,000 |
1,000 |
|
Profit and loss account |
458,439 |
429,676 |
|
--------- |
--------- |
|
Shareholders funds |
459,439 |
430,676 |
|
--------- |
--------- |
|
|
|
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2025
, and are signed on behalf of the board by:
Company registration number:
02476795
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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 Lodge House, POB 35 Lupton Road, Wallingford, Oxfordshire, OX10 9WA.
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 basis that the company continues trading as a going concern. The company continues to have the support of its principle creditor (a company connected by control) and therefore a going concern basis is considered reasonable.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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 |
|
Fixtures and fittings |
- |
20% straight line |
|
Motor Vehicles |
- |
20% straight line |
|
Vessels |
- |
Over
20 years
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tangible assets
|
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Vessels |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
|
At 1 April 2024 and 31 March 2025 |
1,954 |
762 |
5,900 |
30,000 |
38,616 |
|
------- |
---- |
------- |
-------- |
-------- |
|
Depreciation |
|
|
|
|
|
|
At 1 April 2024 |
1,954 |
762 |
2,163 |
4,188 |
9,067 |
|
Charge for the year |
– |
– |
1,180 |
750 |
1,930 |
|
------- |
---- |
------- |
-------- |
-------- |
|
At 31 March 2025 |
1,954 |
762 |
3,343 |
4,938 |
10,997 |
|
------- |
---- |
------- |
-------- |
-------- |
|
Carrying amount |
|
|
|
|
|
|
At 31 March 2025 |
– |
– |
2,557 |
25,062 |
27,619 |
|
------- |
---- |
------- |
-------- |
-------- |
|
At 31 March 2024 |
– |
– |
3,737 |
25,812 |
29,549 |
|
------- |
---- |
------- |
-------- |
-------- |
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|
|
|
|
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5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
(
235,213) |
(
252,355) |
|
Corporation tax |
7,084 |
2,499 |
|
Other creditors |
1,500 |
1,640 |
|
--------- |
--------- |
|
(
226,629) |
(
248,216) |
|
--------- |
--------- |
|
|
|
6.
Related party transactions
The company was under the control of Mr
G A Judd
throughout the current and previous year, being the only director and the majority shareholder.