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AMD (NW) LIMITED

Unaudited Financial Statements

for the Year Ended 31st January 2023






AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)






Contents of the Financial Statements
for the year ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMD (NW) LIMITED

Company Information
for the year ended 31st January 2023







DIRECTORS: K Holmes
C Oldham





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Wirral
CH41 5LH





REGISTERED NUMBER: 05336066 (England and Wales)






AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,975 10,633

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 74,312 54,824
94,312 74,824
CREDITORS
Amounts falling due within one year 6 85,033 62,996
NET CURRENT ASSETS 9,279 11,828
TOTAL ASSETS LESS CURRENT LIABILITIES 17,254 22,461

CREDITORS
Amounts falling due after more than one
year

7

15,500

21,500
NET ASSETS 1,754 961

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,654 861
1,754 961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)

Balance Sheet - continued
31st January 2023


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 5th October 2023 and were signed on its behalf by:




K Holmes - Director



C Oldham - Director


AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)

Notes to the Financial Statements
for the year ended 31st January 2023

1. STATUTORY INFORMATION

AMD (NW) 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. 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

The useful lives of plant and equipment which are estimated based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the relevant assets.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Financial instruments
Debtors, creditors, directors loan (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.


AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)

Notes to the Financial Statements - continued
for the year ended 31st January 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2022
and 31st January 2023 19,989 56,171 1,881 78,041
DEPRECIATION
At 1st February 2022 19,815 45,733 1,860 67,408
Charge for year 44 2,609 5 2,658
At 31st January 2023 19,859 48,342 1,865 70,066
NET BOOK VALUE
At 31st January 2023 130 7,829 16 7,975
At 31st January 2022 174 10,438 21 10,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,065
Other debtors 74,312 53,759
74,312 54,824

AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)

Notes to the Financial Statements - continued
for the year ended 31st January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,169 8,281
Trade creditors 41,097 20,582
Taxation and social security 29,932 31,154
Other creditors 3,835 2,979
85,033 62,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,500 21,500

8. RESERVES
Retained
earnings
£   

At 1st February 2022 861
Profit for the year 82,301
Dividends (81,508 )
At 31st January 2023 1,654

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2023 and 31st January 2022:

2023 2022
£    £   
K Holmes
Balance outstanding at start of year 26,505 28,738
Amounts advanced 47,424 26,505
Amounts repaid (26,505 ) (28,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,424 26,505

C Oldham
Balance outstanding at start of year 27,254 -
Amounts advanced 26,888 27,254
Amounts repaid (27,254 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,888 27,254

AMD (NW) LIMITED (REGISTERED NUMBER: 05336066)

Notes to the Financial Statements - continued
for the year ended 31st January 2023

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £81,508 (2022 - £85,000) were paid to the directors .

Included in Debtors is an amount of £26,888 (2022 : £27,254) owed to the company by the director Mr C Oldham, upon which interest has been charged at the HMRC official rate.

Included in debtors is an amount of £47,424 (2022 : £26,505) owed to the company by the director Mr K Holmes, upon which interest has been charged at the HMRC official rate.