Relate AccountsProduction v2.7.2 v2.7.2 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the wholesale of agricultural machinery, equipment and supplies. 31 October 2023 4 3 NI058386 2023-06-30 NI058386 2022-06-30 NI058386 2021-06-30 NI058386 2022-07-01 2023-06-30 NI058386 2021-07-01 2022-06-30 NI058386 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI058386 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI058386 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI058386 uk-bus:FullAccounts 2022-07-01 2023-06-30 NI058386 uk-bus:Director1 2022-07-01 2023-06-30 NI058386 uk-bus:RegisteredOffice 2022-07-01 2023-06-30 NI058386 uk-bus:Agent1 2022-07-01 2023-06-30 NI058386 uk-core:ShareCapital 2023-06-30 NI058386 uk-core:ShareCapital 2022-06-30 NI058386 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI058386 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI058386 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI058386 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI058386 uk-bus:FRS102 2022-07-01 2023-06-30 NI058386 uk-core:Land 2022-07-01 2023-06-30 NI058386 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI058386 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 NI058386 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI058386 uk-core:CurrentFinancialInstruments 2023-06-30 NI058386 uk-core:CurrentFinancialInstruments 2022-06-30 NI058386 uk-core:WithinOneYear 2023-06-30 NI058386 uk-core:WithinOneYear 2022-06-30 NI058386 uk-core:WithinOneYear 2023-06-30 NI058386 uk-core:WithinOneYear 2022-06-30 NI058386 uk-core:WithinOneYear 2023-06-30 NI058386 uk-core:WithinOneYear 2022-06-30 NI058386 uk-core:AfterOneYear 2023-06-30 NI058386 uk-core:AfterOneYear 2022-06-30 NI058386 uk-core:BetweenOneFiveYears 2023-06-30 NI058386 uk-core:BetweenOneFiveYears 2022-06-30 NI058386 2022-07-01 2023-06-30 NI058386 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI058386
 
 
AMAC Logistics Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 30 June 2023
AMAC Logistics Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Aaron McCann
 
 
Company Registration Number NI058386
 
 
Registered Office and Business Address 61 Waterloo Road
Lisburn
BT27 5NW
Northern Ireland
 
 
Accountants Muldoon & Co
16 Mount Charles
Belfast
BT7 1NZ
Northern Ireland



AMAC Logistics Ltd
DIRECTOR'S REPORT
for the financial year ended 30 June 2023

 
The director presents his report and the unaudited financial statements for the financial year ended 30 June 2023.
 
Principal Activity
The principal activity of the company is the wholesale of agricultural machinery, equipment and supplies.
     
Director
The director who served during the financial year is as follows:
     
Mr. Aaron McCann
   
There were no changes in shareholdings between 30 June 2023 and the date of signing the financial statements.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
___________________________
Mr. Aaron McCann
Director
     
31 October 2023



AMAC Logistics Ltd
Company Registration Number: NI058386
BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 3,568 8,538
───────── ─────────
 
Current Assets
Stocks 5 19,300 15,000
Debtors 6 12,891 24,333
Cash and cash equivalents 138,311 243,008
───────── ─────────
170,502 282,341
───────── ─────────
Creditors: amounts falling due within one year 7 21,896 (83,401)
───────── ─────────
Net Current Assets 192,398 198,940
───────── ─────────
Total Assets less Current Liabilities 195,966 207,478
 
Creditors:
amounts falling due after more than one year 8 - (3,357)
───────── ─────────
Net Assets 195,966 204,121
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 195,965 204,120
───────── ─────────
Equity attributable to owners of the company 195,966 204,121
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement.
           
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 31 October 2023
           
________________________________          
Mr. Aaron McCann          
Director          
           



AMAC Logistics Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
AMAC Logistics Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI058386. The registered office of the company is 61 Waterloo Road, Lisburn, BT27 5NW, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 25% Straight line
  Plant and machinery - 12.5% Straight line
  Fixtures, fittings and equipment - 25% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 4, (2022 - 3).
 
  2023 2022
  Number Number
 
Employees 4 3
  ═════════ ═════════
             
4. Tangible assets
  Long Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 July 2022 13,024 15,321 48,358 12,395 89,098
  ───────── ───────── ───────── ───────── ─────────
 
At 30 June 2023 13,024 15,321 48,358 12,395 89,098
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 July 2022 13,024 15,321 46,017 6,198 80,560
Charge for the financial year - - 1,871 3,099 4,970
  ───────── ───────── ───────── ───────── ─────────
At 30 June 2023 13,024 15,321 47,888 9,297 85,530
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 June 2023 - - 470 3,098 3,568
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 June 2022 - - 2,341 6,197 8,538
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 19,300 15,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2023 2022
  £ £
 
Trade debtors 12,891 12,216
Other debtors - 10,494
Prepayments and accrued income - 1,623
  ───────── ─────────
  12,891 24,333
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank overdrafts (11,858) (12,097)
Net obligations under finance leases
and hire purchase contracts 3,357 3,099
Trade creditors 11,865 17,121
Taxation  (Note 9) 15,865 11,756
Director's current account 14,854 177
Other creditors (65,979) 36,121
Accruals 10,000 27,224
  ───────── ─────────
  (21,896) 83,401
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts - 3,357
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 3,357 3,099
Repayable between one and five years - 3,357
  ───────── ─────────
  3,357 6,456
  ═════════ ═════════
       
9. Taxation 2023 2022
  £ £
 
Creditors:
VAT 12,552 8,463
Corporation tax 2,262 2,625
PAYE / NI 1,051 668
  ───────── ─────────
  15,865 11,756
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2023.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.