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REGISTERED NUMBER: 06090954 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

AMD PROPERTY
DEVELOPMENTS LIMITED

AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMD PROPERTY
DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: M Town





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 06090954 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

BALANCE SHEET
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,976 78,539

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 577,248 662,818
Cash at bank and in hand 16,580 48,462
601,328 718,780
CREDITORS
Amounts falling due within one year 6 396,471 394,730
NET CURRENT ASSETS 204,857 324,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,833

402,589

CREDITORS
Amounts falling due after more than one
year

7

(87,652

)

(104,546

)

PROVISIONS FOR LIABILITIES (28,250 ) (14,922 )
NET ASSETS 319,931 283,121

AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

BALANCE SHEET - continued
31 JULY 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 319,926 283,116
SHAREHOLDERS' FUNDS 319,931 283,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





M Town - Director


AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022


1. STATUTORY INFORMATION

AMD Property Developments 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.

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 represents work done during the period, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


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
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.

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.

Revenue recognition and service contracts
Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. The closing value of these contracts are included in other debtors as amounts recoverable on contracts or in other creditors as payments received on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 10 ) .

AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2021 13,290 49,267 18,994
Additions - 103,039 -
At 31 July 2022 13,290 152,306 18,994
DEPRECIATION
At 1 August 2021 13,290 20,172 11,090
Charge for year - 19,820 1,186
At 31 July 2022 13,290 39,992 12,276
NET BOOK VALUE
At 31 July 2022 - 112,314 6,718
At 31 July 2021 - 29,095 7,904

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2021 63,698 20,241 165,490
Additions 101,928 - 204,967
At 31 July 2022 165,626 20,241 370,457
DEPRECIATION
At 1 August 2021 30,626 11,773 86,951
Charge for year 27,000 4,524 52,530
At 31 July 2022 57,626 16,297 139,481
NET BOOK VALUE
At 31 July 2022 108,000 3,944 230,976
At 31 July 2021 33,072 8,468 78,539

AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 37,944
At 31 July 2022 37,944
DEPRECIATION
Charge for year 7,589
At 31 July 2022 7,589
NET BOOK VALUE
At 31 July 2022 30,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts recoverable on contract 544,500 636,750
Other debtors 32,748 26,068
577,248 662,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 27,273 27,273
Hire purchase contracts 4,769 -
Trade creditors 163,423 121,440
Taxation and social security 26,819 21,236
Other creditors 174,187 224,781
396,471 394,730

AMD PROPERTY
DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06090954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 77,273 104,546
Hire purchase contracts 10,379 -
87,652 104,546

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 104,546 131,819
Hire purchase contracts 15,148 -
119,694 131,819

9. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH DIRECTORS

A non interest bearing loan on which no terms of repayment have been agreed. The amount due to the related party at the balance sheet date amounted to £88,085 (2021 - £131,675).