Silverfin false 31/12/2022 01/04/2022 31/12/2022 Mr R B Barry 06/04/2023 Mr M L Ebbinghaus 06/04/2023 Ms C Inglis 06/04/2023 26/05/2020 Mr A MacGilp 26/05/2020 28 September 2023 The principal activity of the company is the generation of commission attributable to negotiating utility arrangements for business. SC662065 2022-12-31 SC662065 bus:Director1 2022-12-31 SC662065 bus:Director2 2022-12-31 SC662065 bus:Director3 2022-12-31 SC662065 bus:Director4 2022-12-31 SC662065 core:CurrentFinancialInstruments 2022-12-31 SC662065 core:CurrentFinancialInstruments 2022-03-31 SC662065 2022-03-31 SC662065 core:ShareCapital 2022-12-31 SC662065 core:ShareCapital 2022-03-31 SC662065 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC662065 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC662065 bus:OrdinaryShareClass1 2022-12-31 SC662065 2022-04-01 2022-12-31 SC662065 bus:FullAccounts 2022-04-01 2022-12-31 SC662065 bus:SmallEntities 2022-04-01 2022-12-31 SC662065 bus:AuditExemptWithAccountantsReport 2022-04-01 2022-12-31 SC662065 bus:PrivateLimitedCompanyLtd 2022-04-01 2022-12-31 SC662065 bus:Director1 2022-04-01 2022-12-31 SC662065 bus:Director2 2022-04-01 2022-12-31 SC662065 bus:Director3 2022-04-01 2022-12-31 SC662065 bus:Director4 2022-04-01 2022-12-31 SC662065 2021-04-01 2022-03-31 SC662065 bus:OrdinaryShareClass1 2022-04-01 2022-12-31 SC662065 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC662065 (Scotland)

AMC UTILITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 31 DECEMBER 2022
PAGES FOR FILING WITH THE REGISTRAR

AMC UTILITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 31 DECEMBER 2022

Contents

AMC UTILITIES LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2022
AMC UTILITIES LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2022
31.12.2022 31.03.2022
£ £
Current assets
Debtors 3 594,666 140,871
Cash at bank and in hand 63,847 247,304
658,513 388,175
Creditors: amounts falling due within one year 4 ( 80,905) ( 119,006)
Net current assets 577,608 269,169
Total assets less current liabilities 577,608 269,169
Net assets 577,608 269,169
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 577,607 269,168
Total shareholder's funds 577,608 269,169

For the financial period ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of AMC Utilities Limited (registered number: SC662065) were approved and authorised for issue by the Director on 28 September 2023. They were signed on its behalf by:

Mr A MacGilp
Director
AMC UTILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 31 DECEMBER 2022
AMC UTILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 APRIL 2022 TO 31 DECEMBER 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AMC Utilities Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 300 Bath Street 1st Floor West, Glasgow, G2 4JR, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounts represent the 9 month period to 31 December 2022 and the comparative period represents the year to 31 March 2022, therefore the comparatives are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover represents commission received from utilities consultancy and advice for businesses.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets, including cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Period from
01.04.2022 to
31.12.2022
Year ended
31.03.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Debtors

31.12.2022 31.03.2022
£ £
Trade debtors 17,527 140,870
Other debtors 577,139 1
594,666 140,871

4. Creditors: amounts falling due within one year

31.12.2022 31.03.2022
£ £
Trade creditors 0 3,240
Corporation tax 72,350 77,353
Other taxation and social security 1,667 35,458
Other creditors 6,888 2,955
80,905 119,006

5. Called-up share capital

31.12.2022 31.03.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

Transactions with the entity's directors

31.12.2022 31.03.2022
£ £
Amounts owed from director 550,000 0