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REGISTERED NUMBER: 11756465 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

AMA Garage Services Limited

AMA Garage Services Limited (Registered number: 11756465)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

AMA Garage Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A S Wall
M T Wall
Mrs A C Horney





REGISTERED OFFICE: Tewnals Lane
Elmhurst
Lichfield
Staffordshire
WS13 8HE





REGISTERED NUMBER: 11756465 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

AMA Garage Services Limited (Registered number: 11756465)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,185 36,914

CURRENT ASSETS
Stocks 1,600 1,550
Debtors 5 2,123 -
Cash at bank 26,595 33,814
30,318 35,364
CREDITORS
Amounts falling due within one year 6 (72,480 ) (63,902 )
NET CURRENT LIABILITIES (42,162 ) (28,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,977

)

8,376

CREDITORS
Amounts falling due after more than one
year

7

26,728

29,393

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings (30,005 ) (21,317 )
SHAREHOLDERS' FUNDS (29,705 ) (21,017 )
(2,977 ) 8,376

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

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

AMA Garage Services Limited (Registered number: 11756465)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





Mrs A C Horney - Director


AMA Garage Services Limited (Registered number: 11756465)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

AMA Garage 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. 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 - 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The effect of the coronavirus pandemic (Covid-19) on the company's operations has been significant. As such the company has taken out a government funded bounce back loan of £40,000, which is interest free for 12 months. The company will with the aide of this loan be able to continue as a going concern until such time as its' operations improve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

AMA Garage Services Limited (Registered number: 11756465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 46,486
Additions 15,553
Disposals (4,562 )
At 31 March 2023 57,477
DEPRECIATION
At 1 April 2022 9,572
Charge for year 9,755
Eliminated on disposal (1,035 )
At 31 March 2023 18,292
NET BOOK VALUE
At 31 March 2023 39,185
At 31 March 2022 36,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 487 -
Other debtors 1,636 -
2,123 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 19,944 10,090
Taxation and social security 48,334 41,604
Other creditors 202 8,208
72,480 63,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,728 29,393

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,728 13,393

AMA Garage Services Limited (Registered number: 11756465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AMA Garage Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AMA Garage Services Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AMA Garage Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AMA Garage Services Limited and state those matters that we have agreed to state to the Board of Directors of AMA Garage Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMA Garage Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AMA Garage Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AMA Garage Services Limited. You consider that AMA Garage Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AMA Garage Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


19 September 2023