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REGISTERED NUMBER: 06352846 (England and Wales)















AMSYS AFTERMARKET SERVICES LIMITED

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021






AMSYS AFTERMARKET SERVICES LIMITED (REGISTERED NUMBER: 06352846)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 5


AMSYS AFTERMARKET SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







Directors: A D Hawes
D K Parlour





Registered office: Byron House
2a Lower Road
Kenley
Surrey
CR8 5NB





Registered number: 06352846 (England and Wales)





Auditors: Wags LLP t/a Wagstaffs
Chartered Accountants and Statutory Auditors
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

AMSYS AFTERMARKET SERVICES LIMITED (REGISTERED NUMBER: 06352846)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 5 1,012,611 868,671
Cash at bank 87,490 505
1,100,101 869,176
CREDITORS
Amounts falling due within one year 6 (736,841 ) (646,012 )
NET CURRENT ASSETS 363,260 223,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,260

223,164

CREDITORS
Amounts falling due after more than
one year

7

(133,333

)

-
NET ASSETS 229,927 223,164

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 229,925 223,162
SHAREHOLDERS' FUNDS 229,927 223,164

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 27th May 2022 and were signed on its behalf by:





A D Hawes - Director


AMSYS AFTERMARKET SERVICES LIMITED (REGISTERED NUMBER: 06352846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021


1. STATUTORY INFORMATION

Amsys Aftermarket Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition
Revenue is measured at fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company provides repair services of micro-computers and related peripheral products to corporate entities. Revenue is recognised in the accounting period in which the services are rendered when the outcome of the contract has been concluded.

Tax
Tax 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 tax 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.

AMSYS AFTERMARKET SERVICES LIMITED (REGISTERED NUMBER: 06352846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 664,656 719,438
Amounts owed by group undertakings 347,955 149,233
1,012,611 868,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 66,667 -
Trade creditors 18,217 3,876
Taxation and social security 10,392 8,403
Other creditors 641,565 633,733
736,841 646,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 133,333 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 200,000 -
Other creditors 641,565 633,694
841,565 633,694

The company's factoring facilities and associated recovery loans are secured by way of a fixed and floating charge over the assets and property of the Amsys Technology Holdings Ltd group.

AMSYS AFTERMARKET SERVICES LIMITED (REGISTERED NUMBER: 06352846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
20 Ordinary £0.10 2 2

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

M R Hubbocks FCA (Senior Statutory Auditor)
for and on behalf of Wags LLP t/a Wagstaffs

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. PARENT RELATIONSHIPS

The company is a wholly owned subsidiary of Amsys Technology Holdings Ltd, a company in incorporated in England and Wales at Bryon House, Lower Road, Kenley, Surrey, CR8 5NB.

Amsys Technology Holdings Ltd prepares the smallest and largest group financial statements in which the results of the company are included. Copies of the group financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.