A M K INSPECTION SERVICES LTD

Company Registration Number:
03524492 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

A M K INSPECTION SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes

A M K INSPECTION SERVICES LTD

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 93,131 120,587
Total fixed assets: 93,131 120,587
Current assets
Debtors: 4 65,172 74,076
Cash at bank and in hand: 211,209 182,490
Total current assets: 276,381 256,566
Creditors: amounts falling due within one year: 5 ( 70,407 ) ( 56,140 )
Net current assets (liabilities): 205,974 200,426
Total assets less current liabilities: 299,105 321,013
Provision for liabilities: ( 17,679 ) ( 22,912 )
Total net assets (liabilities): 281,426 298,101
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 281,326 298,001
Total Shareholders' funds: 281,426 298,101

The notes form part of these financial statements

A M K INSPECTION SERVICES LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 October 2023
and signed on behalf of the board by:

Name: Mr Alan Kicul
Status: Director

The notes form part of these financial statements

A M K INSPECTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assetsTangible fixed assets under the cost model are stated at historical cost less accumulated depreciationand any accumulated impairment losses.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery - 25%% reducing balanceFittings fixtures and equipment - 25%% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Other accounting policies

    TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In thiscase, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will berecovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by thereporting date that are expected to apply to the reversal of the timing difference.Financial instrumentsThe Company only enters into basic financial instrument transactions like trade and other debtors creditors. Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.Defined contribution plansThe Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which The Company pays contributions to a separate entity. Once the contribution has been paid the Company has no further payment obligations. The Contributions are recognised as an expense in the profit and loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

A M K INSPECTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

A M K INSPECTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 651,015 14,431 665,446
Additions 3,715 3,715
Disposals ( 805 ) ( 805 )
Revaluations
Transfers
At 31 March 2023 653,925 14,431 668,356
Depreciation
At 1 April 2022 530,428 14,431 544,859
Charge for year 30,980 30,980
On disposals ( 614 ) ( 614 )
Other adjustments
At 31 March 2023 560,794 14,431 575,225
Net book value
At 31 March 2023 93,131 0 93,131
At 31 March 2022 120,587 0 120,587

A M K INSPECTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 57,578 66,547
Other debtors 7,594 7,529
Total 65,172 74,076

A M K INSPECTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 24,120 29,058
Taxation and social security 29,049 8,877
Other creditors 17,238 18,205
Total 70,407 56,140