IRIS Accounts Production v23.3.0.418 SC414805 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false ORDINARY "A" 1.00000 ORDINARY "B" 1.00000 ORDINARY "C" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4148052022-03-31SC4148052023-03-31SC4148052022-04-012023-03-31SC4148052021-03-31SC4148052021-04-012022-03-31SC4148052022-03-31SC414805ns16:Scotland2022-04-012023-03-31SC414805ns15:PoundSterling2022-04-012023-03-31SC414805ns11:Director12022-04-012023-03-31SC414805ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC414805ns11:SmallEntities2022-04-012023-03-31SC414805ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC414805ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC414805ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC414805ns11:FullAccounts2022-04-012023-03-31SC414805ns11:EntityHasNeverTraded2022-04-012023-03-31SC414805ns11:OrdinaryShareClass12022-04-012023-03-31SC414805ns11:OrdinaryShareClass22022-04-012023-03-31SC414805ns11:OrdinaryShareClass32022-04-012023-03-31SC414805ns11:Director22022-04-012023-03-31SC414805ns11:Director32022-04-012023-03-31SC414805ns11:RegisteredOffice2022-04-012023-03-31SC414805ns6:CurrentFinancialInstruments2023-03-31SC414805ns6:CurrentFinancialInstruments2022-03-31SC414805ns6:Non-currentFinancialInstruments2023-03-31SC414805ns6:Non-currentFinancialInstruments2022-03-31SC414805ns6:ShareCapital2023-03-31SC414805ns6:ShareCapital2022-03-31SC414805ns6:RetainedEarningsAccumulatedLosses2023-03-31SC414805ns6:RetainedEarningsAccumulatedLosses2022-03-31SC414805ns6:PlantMachinery2022-04-012023-03-31SC414805ns6:PlantMachinery2023-03-31SC414805ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC414805ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC414805ns11:OrdinaryShareClass12023-03-31SC414805ns11:OrdinaryShareClass22023-03-31SC414805ns11:OrdinaryShareClass32023-03-31SC414805ns6:RetainedEarningsAccumulatedLosses2022-03-31SC414805ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC414805ns11:Director112022-03-31SC414805ns11:Director112021-03-31SC414805ns11:Director112022-04-012023-03-31SC414805ns11:Director112021-04-012022-03-31SC414805ns11:Director112023-03-31SC414805ns11:Director112022-03-31SC4148053ns11:Director32022-03-31SC4148053ns11:Director32021-03-31SC4148053ns11:Director32022-04-012023-03-31SC4148053ns11:Director32021-04-012022-03-31SC4148053ns11:Director32023-03-31SC4148053ns11:Director32022-03-31SC4148052ns11:Director22022-03-31SC4148052ns11:Director22021-03-31SC4148052ns11:Director22022-04-012023-03-31SC4148052ns11:Director22021-04-012022-03-31SC4148052ns11:Director22023-03-31SC4148052ns11:Director22022-03-31
REGISTERED NUMBER: SC414805 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AMD PLANT HIRE LTD

AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)






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


AMD PLANT HIRE LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: F W Dykes
M Dykes
S Thompson





REGISTERED OFFICE: 1 Old Irongray Road
Dumfries
Dumfries & Galloway
DG2 0BJ





REGISTERED NUMBER: SC414805 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,500 -

CURRENT ASSETS
Stocks 82,386 88,808
Debtors 5 68,530 92,111
Cash at bank and in hand 3,603 20,657
154,519 201,576
CREDITORS
Amounts falling due within one year 6 158,931 151,680
NET CURRENT (LIABILITIES)/ASSETS (4,412 ) 49,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,088

49,896

CREDITORS
Amounts falling due after more than one
year

7

25,000

-
NET ASSETS 8,088 49,896

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 9 6,088 47,896
SHAREHOLDERS' FUNDS 8,088 49,896

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.

AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)

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 Income Statement has not been delivered.

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





F W Dykes - Director


AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

AMD Plant Hire Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Stock Valuation
The Company assesses the carrying value of stock on at least an annual basis, taking into consideration when each item was purchased and the Company's ability to sell that particular item. Where it is considered the net realisable value of stock has fallen below its' original cost, a provision is made by Management against the stock value in the financial statements.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

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 etc - 25% on reducing balance

AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalized 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.

3. EMPLOYEES AND DIRECTORS

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

AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 50,000
At 31 March 2023 50,000
DEPRECIATION
Charge for year 12,500
At 31 March 2023 12,500
NET BOOK VALUE
At 31 March 2023 37,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,530 86,283
Other debtors 2,000 5,828
68,530 92,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,000 -
Trade creditors 97,558 64,541
Taxation and social security 34,121 77,381
Other creditors 12,252 9,758
158,931 151,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 25,000 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 ORDINARY "A" £1 1,000 1,000
500 ORDINARY "B" £1 500 500
500 ORDINARY "C" £1 500 500
2,000 2,000

AMD PLANT HIRE LTD (REGISTERED NUMBER: SC414805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. RESERVES
Retained
earnings
£   

At 1 April 2022 47,896
Profit for the year 44,792
Dividends (86,600 )
At 31 March 2023 6,088

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
F W Dykes
Balance outstanding at start of year 752 1,452
Amounts advanced 3,000 7,003
Amounts repaid (3,752 ) (7,703 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 752

S Thompson
Balance outstanding at start of year 1,265 3,715
Amounts advanced 43,652 40,125
Amounts repaid (43,600 ) (42,575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,317 1,265

M Dykes
Balance outstanding at start of year 3,617 5,997
Amounts advanced 36,383 42,623
Amounts repaid (40,000 ) (45,003 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,617