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REGISTERED NUMBER: 05698755 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

A M Power Solutions Ltd

A M Power Solutions Ltd (Registered number: 05698755)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A M Power Solutions Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mr A J Millin





SECRETARY: Mr A J Millin





REGISTERED OFFICE: Penygroes
Mynyddygarreg
Kidwelly
Carmarthenshire
SA17 4RL





REGISTERED NUMBER: 05698755 (England and Wales)





ACCOUNTANTS: Charles Carmarthen
14 Barn Road
Carmarthen
Carmarthenshire
SA31 1DD

A M Power Solutions Ltd (Registered number: 05698755)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,836 130,743

CURRENT ASSETS
Stocks 92,160 60,820
Debtors 5 90,612 62,939
Cash at bank and in hand 1,491 47,649
184,263 171,408
CREDITORS
Amounts falling due within one year 6 74,218 50,663
NET CURRENT ASSETS 110,045 120,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,881

251,488

CREDITORS
Amounts falling due after more than one
year

7

89,556

167,203
NET ASSETS 120,325 84,285

A M Power Solutions Ltd (Registered number: 05698755)

Balance Sheet - continued
31 March 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 119,325 83,285
SHAREHOLDERS' FUNDS 120,325 84,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 and authorised for issue on 16 August 2022 and were signed by:





Mr A J Millin - Director


A M Power Solutions Ltd (Registered number: 05698755)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

A M Power Solutions Ltd is a private company, limited by shares , registered in England and Wales. The 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
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 each asset over its estimated useful life.
Plant and machinery etc - at variable rates 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.

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.


A M Power Solutions Ltd (Registered number: 05698755)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

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 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.

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 4 (2021 - 3 ) .

A M Power Solutions Ltd (Registered number: 05698755)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 27,080 162,015 189,095
Additions - 26,585 26,585
Disposals (27,080 ) (37,164 ) (64,244 )
At 31 March 2022 - 151,436 151,436
DEPRECIATION
At 1 April 2021 - 58,352 58,352
Charge for year - 9,772 9,772
Eliminated on disposal - (16,524 ) (16,524 )
At 31 March 2022 - 51,600 51,600
NET BOOK VALUE
At 31 March 2022 - 99,836 99,836
At 31 March 2021 27,080 103,663 130,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 90,612 62,939

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 32,233 -
Trade creditors 26,724 40,490
Taxation and social security 13,643 555
Other creditors 1,618 9,618
74,218 50,663

A M Power Solutions Ltd (Registered number: 05698755)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 69,836 131,980
Hire purchase contracts 19,720 35,223
89,556 167,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,836 131,980

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
Mr A J Millin
Balance outstanding at start of year 9,618 4,421
Amounts advanced - 5,197
Amounts repaid (8,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,618 9,618

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A J Millin.