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REGISTERED NUMBER: 06600997 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

AMMEREX LTD

AMMEREX LTD (REGISTERED NUMBER: 06600997)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMMEREX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr C Car
Mrs D Car





REGISTERED OFFICE: Janelle House
Hartham Lane
Hertford
Hertfordshire
SG14 1QN





REGISTERED NUMBER: 06600997 (England and Wales)





ACCOUNTANTS: Gary J Cansick & Co
Chartered Accountants
Janelle House
6 Hartham Lane
Hertford
Hertfordshire
SG14 1QN

AMMEREX LTD (REGISTERED NUMBER: 06600997)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,258 6,222

CURRENT ASSETS
Stocks 48,495 59,044
Debtors 5 81,863 57,496
Cash at bank and in hand 5,244 26,106
135,602 142,646
CREDITORS
Amounts falling due within one year 6 86,060 58,381
NET CURRENT ASSETS 49,542 84,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,800

90,487

CREDITORS
Amounts falling due after more than one
year

7

33,849

43,496
NET ASSETS 20,951 46,991

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,950 46,990
SHAREHOLDERS' FUNDS 20,951 46,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

AMMEREX LTD (REGISTERED NUMBER: 06600997)

BALANCE SHEET - continued
31 DECEMBER 2022


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 27 September 2023 and were signed on its behalf by:





Mr C Car - Director


AMMEREX LTD (REGISTERED NUMBER: 06600997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Ammerex 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.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

AMMEREX LTD (REGISTERED NUMBER: 06600997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 3,000 5,864 12,309 24,079 45,252
Additions - - - 1,166 1,166
At 31 December 2022 3,000 5,864 12,309 25,245 46,418
DEPRECIATION
At 1 January 2022 2,746 4,774 11,258 20,252 39,030
Charge for year 38 163 263 1,666 2,130
At 31 December 2022 2,784 4,937 11,521 21,918 41,160
NET BOOK VALUE
At 31 December 2022 216 927 788 3,327 5,258
At 31 December 2021 254 1,090 1,051 3,827 6,222

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 42,599 40,786
Other debtors 39,264 16,710
81,863 57,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 15,165 5,517
Trade creditors 60,394 39,716
Other creditors 10,501 13,148
86,060 58,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 33,849 43,496

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,422

AMMEREX LTD (REGISTERED NUMBER: 06600997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. RELATED PARTY DISCLOSURES

Danlill Limited
A company controlled by Mr C Car

At the balance sheet date the company was owed by the related party £34,462 (2021 £6,738). In the year the company repaid its loan from Danlill Limited, and loaned it £34,462.

Mr C Car
Director and shareholder

During the year the company repaid the related party a net sum of £744 (2021 £26,955). At the balance sheet date the company owed the related party £5,541 (2021 £6,286).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Car.