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REGISTERED NUMBER: 09432601 (England and Wales)












Financial Statements

for the Year Ended 28th February 2023

for

AMC RUN PROJECTS LIMITED

AMC RUN PROJECTS LIMITED (REGISTERED NUMBER: 09432601)

Contents of the Financial Statements
for the year ended 28th February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMC RUN PROJECTS LIMITED

Company Information
for the year ended 28th February 2023







DIRECTORS: The Hon K Cornwall-Legh
A Mccarthy





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 09432601 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

AMC RUN PROJECTS LIMITED (REGISTERED NUMBER: 09432601)

Balance Sheet
28th February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,227 1,284

CURRENT ASSETS
Debtors 5 17,714 25,435
Cash at bank and in hand 74,505 53,638
92,219 79,073
CREDITORS
Amounts falling due within one year 6 32,904 43,679
NET CURRENT ASSETS 59,315 35,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,542

36,678

CREDITORS
Amounts falling due after more than one year 7 (12,467 ) -

PROVISIONS FOR LIABILITIES (4,830 ) (287 )
NET ASSETS 60,245 36,391

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 60,045 36,191
SHAREHOLDERS' FUNDS 60,245 36,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

AMC RUN PROJECTS LIMITED (REGISTERED NUMBER: 09432601)

Balance Sheet - continued
28th February 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 17th July 2023 and were signed on its behalf by:





The Hon K Cornwall-Legh - Director


AMC RUN PROJECTS LIMITED (REGISTERED NUMBER: 09432601)

Notes to the Financial Statements
for the year ended 28th February 2023


1. STATUTORY INFORMATION

Amc Run Projects 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

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 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.

AMC RUN PROJECTS LIMITED (REGISTERED NUMBER: 09432601)

Notes to the Financial Statements - continued
for the year ended 28th February 2023


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2022 7,842 241 - 5,368 13,451
Additions 831 - 23,143 18 23,992
Disposals - - - (749 ) (749 )
At 28th February 2023 8,673 241 23,143 4,637 36,694
DEPRECIATION
At 1st March 2022 7,842 80 - 4,245 12,167
Charge for year 277 81 5,786 655 6,799
Eliminated on disposal - - - (499 ) (499 )
At 28th February 2023 8,119 161 5,786 4,401 18,467
NET BOOK VALUE
At 28th February 2023 554 80 17,357 236 18,227
At 28th February 2022 - 161 - 1,123 1,284

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 23,143
At 28th February 2023 23,143
DEPRECIATION
Charge for year 5,786
At 28th February 2023 5,786
NET BOOK VALUE
At 28th February 2023 17,357

AMC RUN PROJECTS LIMITED (REGISTERED NUMBER: 09432601)

Notes to the Financial Statements - continued
for the year ended 28th February 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 13,821 22,365
Prepayments 3,893 3,070
17,714 25,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 3,400 -
Tax 14,629 26,389
Social security and other taxes 89 58
VAT 8,723 9,443
Other creditors - 2,450
Directors' current accounts 4,063 3,439
Accrued expenses 2,000 1,900
32,904 43,679

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 12,467 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company directors.