Amicok Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11142091 (England and Wales)

AMICOK LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S Roozbehani

REGISTERED OFFICE:

6 Market Place

Heywood

OL10 4NL

REGISTERED NUMBER:

11142091 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

CURRENT ASSETS

Inventories

6,950

Debtors

4

2,207

Cash at bank

474

9,631

CREDITORS

Amounts falling due within one year

5

(11,995

)

NET CURRENT LIABILITIES

(2,364

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,364

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(2,464

)

SHAREHOLDERS' FUNDS

(2,364

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 October 2019 and were signed by:

S Roozbehani - Director

1.	STATUTORY INFORMATION

Amicok Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 11142091 and its registered office address is 6 Market Place, Heywood, OL10 4NL.

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.

The director is satisfied that the company can manage the business risks successfully despite there being net

liabilities of £2,364 at the statement of financial position date. On this basis the director believes it is appropriate

to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

There are currently no critical accounting estimates and judgements applied by the directors that are considered

key to the preparation of the financial statements.

Revenue

Revenue is recognised by the company in respect of goods supplied during the year, excluding Value Added Tax

and trade discounts. Revenue is recognised upon despatch of the goods.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Net realisable value is the selling price less costs to complete and sell. Cost is actual purchase price.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties and loans to related parties.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,167

Other debtors

40

2,207

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

8,695

Other creditors

3,300

11,995