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REGISTERED NUMBER: SC471089 (Scotland)





















Unaudited Financial Statements

For The Period 1 March 2021 to 31 December 2021

for

AMD Mobility Ltd

AMD Mobility Ltd (Registered number: SC471089)






Contents of the Financial Statements
For The Period 1 March 2021 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

AMD Mobility Ltd

Company Information
For The Period 1 March 2021 to 31 December 2021







DIRECTORS: W Hutchison
R McKenzie





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC471089 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

AMD Mobility Ltd (Registered number: SC471089)

Balance Sheet
31 December 2021

31.12.21 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,424 17,853
39,424 17,853

CURRENT ASSETS
Stocks 75,307 68,342
Debtors 6 32,304 26,550
Cash at bank and in hand 47,093 87,800
154,704 182,692
CREDITORS
Amounts falling due within one year 7 50,689 91,127
NET CURRENT ASSETS 104,015 91,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,439

109,418

CREDITORS
Amounts falling due after more than one
year

8

(19,969

)

(8,000

)

PROVISIONS FOR LIABILITIES (7,518 ) (3,392 )
NET ASSETS 115,952 98,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,852 97,926
SHAREHOLDERS' FUNDS 115,952 98,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

AMD Mobility Ltd (Registered number: SC471089)

Balance Sheet - continued
31 December 2021


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 6 September 2022 and were signed on its behalf by:




W Hutchison - Director



R McKenzie - Director


AMD Mobility Ltd (Registered number: SC471089)

Notes to the Financial Statements
For The Period 1 March 2021 to 31 December 2021

1. STATUTORY INFORMATION

AMD Mobility Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period 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.


AMD Mobility Ltd (Registered number: SC471089)

Notes to the Financial Statements - continued
For The Period 1 March 2021 to 31 December 2021

2. ACCOUNTING POLICIES - continued
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 period 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 and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2021
and 31 December 2021 29,950
AMORTISATION
At 1 March 2021
and 31 December 2021 29,950
NET BOOK VALUE
At 31 December 2021 -
At 28 February 2021 -

AMD Mobility Ltd (Registered number: SC471089)

Notes to the Financial Statements - continued
For The Period 1 March 2021 to 31 December 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2021 1,132 20,457 31,665 4,816 58,070
Additions 6,561 - 32,359 625 39,545
Disposals - - (14,890 ) - (14,890 )
At 31 December 2021 7,693 20,457 49,134 5,441 82,725
DEPRECIATION
At 1 March 2021 981 17,410 17,518 4,308 40,217
Charge for period 1,678 762 10,449 374 13,263
Eliminated on disposal - - (10,179 ) - (10,179 )
At 31 December 2021 2,659 18,172 17,788 4,682 43,301
NET BOOK VALUE
At 31 December 2021 5,034 2,285 31,346 759 39,424
At 28 February 2021 151 3,047 14,147 508 17,853

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 28.2.21
£    £   
Trade debtors 4,730 3,185
VAT 17,823 13,367
Prepayments 9,751 9,998
32,304 26,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 28.2.21
£    £   
Hire purchase contracts 4,518 4,202
Trade creditors 29,092 44,905
Amounts owed to group undertakings - 9,631
Tax 5,773 22,094
Social security and other taxes 1,800 3,420
Deposits 6,616 3,440
Directors' current accounts - 402
Accrued expenses 2,890 3,033
50,689 91,127

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 28.2.21
£    £   
Hire purchase contracts 19,969 8,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AMD Mobility Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AMD Mobility Ltd for the period ended 31 December 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of AMD Mobility Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AMD Mobility Ltd and state those matters that we have agreed to state to the Board of Directors of AMD Mobility Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AMD Mobility Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AMD Mobility Ltd. You consider that AMD Mobility Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of AMD Mobility Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


6 September 2022