Company Registration No. 10522417 (England and Wales)
AM Structural Consultancy Ltd
Unaudited accounts
for the year ended 31 December 2021
AM Structural Consultancy Ltd
Unaudited accounts
Contents
AM Structural Consultancy Ltd
Company Information
for the year ended 31 December 2021
Company Number
10522417 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
AM Structural Consultancy Ltd
for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AM Structural Consultancy Ltd for the year ended 31 December 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
13 September 2022
AM Structural Consultancy Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
2,304
2,420
Cash at bank and in hand
1,112
2,964
Creditors: amounts falling due within one year
(1,319)
(1,181)
Net current (liabilities)/assets
(207)
1,783
Total assets less current liabilities
2,097
4,203
Creditors: amounts falling due after more than one year
(1,506)
(2,486)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
53
1,157
Shareholders' funds
153
1,257
For the year ending 31 December 2021 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 13 September 2022 and were signed on its behalf by
Mihai Munteanu
Director
Company Registration No. 10522417
AM Structural Consultancy Ltd
Notes to the Accounts
for the year ended 31 December 2021
AM Structural Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 10522417. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
10 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
5 years straight line
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.
AM Structural Consultancy Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
509
2,202
992
3,703
At 31 December 2021
509
2,202
2,073
4,784
At 1 January 2021
32
1,150
101
1,283
Charge for the year
447
440
310
1,197
At 31 December 2021
479
1,590
411
2,480
At 31 December 2021
30
612
1,662
2,304
At 31 December 2020
477
1,052
891
2,420
5
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
426
-
Taxes and social security
393
681
6
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
-
2,486
At the balance sheet date the company owed the directors £2,486 (2019: £1,992).
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).