Company Registration No. 09739740 (England and Wales)
Amzco Limited
Unaudited accounts
for the year ended 31 March 2019
Amzco Limited
Unaudited accounts
Contents
Amzco Limited
Company Information
for the year ended 31 March 2019
Directors
Winston Reed
Christopher Hawkins
Company Number
09739740 (England and Wales)
Registered Office
Cleave Farm
Templeton
Tiverton
Devon
EX16 8BP
Accountants
EllamWalker Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Amzco Limited
Statement of financial position
as at
31 March 2019
Tangible assets
83,568
218,718
Cash at bank and in hand
(10)
260,746
Creditors: amounts falling due within one year
(515,649)
(693,276)
Net current (liabilities)/assets
(35,849)
172,020
Total assets less current liabilities
47,719
390,738
Creditors: amounts falling due after more than one year
(21,116)
(97,143)
Provisions for liabilities
Deferred tax
(16,312)
(16,312)
Net assets
10,291
277,283
Called up share capital
100
100
Profit and loss account
10,191
277,183
Shareholders' funds
10,291
277,283
For the year ending 31 March 2019 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 December 2019.
Winston Reed
Director
Company Registration No. 09739740
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2019
Amzco Limited is a private company, limited by shares, registered in England and Wales, registration number 09739740. The registered office is Cleave Farm, Templeton, Tiverton, Devon, EX16 8BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
236,265
37,695
1,278
5,585
280,823
Additions
6,157
10,500
491
-
17,148
Disposals
(163,148)
-
-
-
(163,148)
At 31 March 2019
79,274
48,195
1,769
5,585
134,823
At 1 April 2018
51,079
9,499
256
1,271
62,105
Charge for the year
23,109
8,449
303
863
32,724
On disposals
(43,574)
-
-
-
(43,574)
At 31 March 2019
30,614
17,948
559
2,134
51,255
At 31 March 2019
48,660
30,247
1,210
3,451
83,568
At 31 March 2018
185,186
28,196
1,022
4,314
218,718
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
12,928
144,320
- Motor vehicles
9,100
8,213
Trade debtors
15,965
28,835
Amounts due from group undertakings etc.
379,678
383,769
Other debtors
84,167
170,161
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2019
7
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
45,768
67,431
Trade creditors
120,613
129,646
Amounts owed to group undertakings and other participating interests
201,309
201,309
Taxes and social security
125,188
62,020
Other creditors
3,977
83,015
Loans from directors
18,496
18,496
The obligations under finance leases and hire purchase contracts of £45,768 (2018- £67,431) will be secured against the machinery purchased.
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
21,116
97,143
The obligations under finance leases and hire purchase contracts of £21,116 (2018 - £97,143) will be secured against the machinery purchased.
9
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Operating lease commitments
2019
2018
At 31 March 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
-
11,000
11
Transactions with related parties
Included in other debtors is a loan to GFL Dairy Ltd of £376,363 (2018 - £383,769). W Reed is a director of GFL Dairy Ltd.
Included in other creditors is a loan from Greener for Life Energy Ltd of £200,309 (2018 - £200,309). W Reed is a director of Greener for Life Energy Ltd
Also included in other creditors is a loan from Greener for Life HR Ltd of £1,000 (2018 - £1,000). W Reed is a director of Greener for Life HR Ltd
The controlling party is Winston Reed
Amzco Limited
Notes to the Accounts
for the year ended 31 March 2019
13
Average number of employees
During the year the average number of employees was 7 (2018: 6).