|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2018 |
|
for |
|
Amvale Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2018 |
|
for |
|
Amvale Limited |
Amvale Limited (Registered number: 01922352) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Amvale Limited |
|
Company Information |
for the Year Ended 31 March 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
Amvale Limited (Registered number: 01922352) |
|
Balance Sheet |
31 March 2018 |
|
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
Investment property | 7 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 8 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 9 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
10 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES |
|
( |
) |
NET ASSETS |
|
|
Amvale Limited (Registered number: 01922352) |
|
Balance Sheet - continued |
31 March 2018 |
|
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
|
|
Revaluation reserve | 12 |
|
|
Capital redemption reserve |
|
|
Other reserves | ( |
) | ( |
) |
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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 on
behalf by: |
|
|
|
|
|
|
|
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
|
1. | STATUTORY INFORMATION |
|
Amvale Limited is a
|
company's registered number and registered office address can be found on the Company Information |
page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents gross revenue earned from transport and other vehicle services and excludes |
payments received on account. Where appropriate, amounts are shown net of rebates and VAT. |
|
Revenue is recognised when the services are performed or when goods are sold. |
|
Goodwill |
|
|
Tangible fixed assets |
|
Freehold property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
Investments in associates |
Investments in associate undertakings are recognised at cost. |
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
|
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the |
shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of |
the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
|
AMORTISATION |
At 1 April 2017 |
and 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2017 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
|
|
|
( |
) | ( |
) |
At 31 March 2018 |
|
|
|
|
|
DEPRECIATION |
At 1 April 2017 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
Eliminated on disposal |
|
|
|
( |
) | ( |
) |
At 31 March 2018 |
|
|
|
|
|
NET BOOK VALUE |
At 31 March 2018 |
|
|
|
|
|
At 31 March 2017 |
|
|
|
|
|
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 April 2017 |
|
Additions |
|
Disposals | ( |
) |
Transfer to ownership | (171,086 | ) |
At 31 March 2018 |
|
DEPRECIATION |
At 1 April 2017 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
Transfer to ownership | (89,007 | ) |
At 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
6. | FIXED ASSET INVESTMENTS |
Interest |
in | Other |
associate | investments | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
and 31 March 2018 |
|
|
53,165 |
NET BOOK VALUE |
At 31 March 2018 |
|
|
53,165 |
At 31 March 2017 |
|
|
53,165 |
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
6. | FIXED ASSET INVESTMENTS - continued |
|
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
|
Associated company |
|
|
Registered office: England |
Nature of business:
|
% |
Class of shares: | holding |
|
|
|
|
£ | £ |
Aggregate capital and reserves |
|
|
Loss for the year | ( |
) | ( |
) |
|
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2017 |
|
Disposals | ( |
) |
Revaluations | 47,973 |
At 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
The valuations were made by the directors, on an open market value for existing use basis. |
|
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts |
|
|
|
|
|
11. | SECURED DEBTS |
|
The bank loans and overdrafts are secured by a mortgage on 29B, Estate Road No.5, Grimsby, North East |
Lincolnshire. |
|
Obligations under hire purchase agreements are secured by a charge over the assets to which they relate. |
|
12. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2017 | 181,511 |
Revaluation reserve movement | (88,895 | ) |
|
At 31 March 2018 |
|
|
13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
At the balance sheet date Mr M J Godfrey had a balance owing to the company of £112,389 (2017: £429 |
owing from the company). The maximum balance outstanding during the year was £112,389. No interest |
has been charged on the overdrawn balance and there are no formal repayment terms. |
Amvale Limited (Registered number: 01922352) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
14. | RELATED PARTY DISCLOSURES |
|
Information regarding related party transactions and outstanding balances are listed below: |
|
2018 | 2017 |
£ | £ |
Sales and recharges made to related parties | 1,327,552 | 1,314,445 |
Purchases made from related parties | 93,529 | 68,223 |
Sales ledger balances owing from related parties | 417,444 | 321,970 |
Purchase ledger balances owing to related parties | 2,474 | 11,700 |
Amounts owing from related parties | 179,824 | 229,640 |
Amounts owing to related parties | 29,062 | 50,240 |
|
The related parties are companies of which Mr M J Godfrey is also a director. |
|
Outstanding balances due to/from the company are unsecured and no formal agreements are in place. |
|
During the year the company paid rent of £12,500 (2017: £12,500) to a pension scheme of which Mr M J |
Godfrey is a member, in respect of land and buildings used by the company on normal commercial terms. |
|
The company occupies premises rent free which are owned personally by Mr M J Godfrey. |
|
15. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is Amvale Holdings Limited. |
|
The ultimate controlling party is
|