Registered number
12084554
AMA WAKEFIELD LIMITED
Filleted Accounts
31 July 2023
AMA WAKEFIELD LIMITED
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
AMA WAKEFIELD LIMITED
Company Information
Director
Selman Hysa
Accountants
Daawie & Mitha LLP
62 Bradford Road
Dewsbury
West Yorkshire
WF13 2DU
Registered office
16 Fountain Parade
Mapplewell
Barnsley
England
S75 6FW
Registered number
12084554
AMA WAKEFIELD LIMITED
Registered number: 12084554
Director's Report
The director presents his report and accounts for the year ended 31 July 2023.
Directors
The following persons served as directors during the year:
Selman Hysa
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 1 March 2024 and signed on its behalf.
Selman Hysa
Director
AMA WAKEFIELD LIMITED
Accountants' Report
Accountants' report to the director of
AMA WAKEFIELD LIMITED
You consider that the company is exempt from an audit for the year ended 31 July 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Daawie & Mitha LLP
Chartered Certified Accountants
62 Bradford Road
Dewsbury
West Yorkshire
WF13 2DU
1 March 2024
AMA WAKEFIELD LIMITED
Profit and Loss Account
for the year ended 31 July 2023
2023 2022
£ £
Turnover 728,238 740,179
Cost of sales (256,501) (224,830)
Gross profit 471,737 515,349
Administrative expenses (341,176) (291,943)
Other operating income - 7,583
Operating profit 130,561 230,989
Interest receivable 193 237
Interest payable (675) (1,041)
Profit before taxation 130,079 230,185
Tax on profit (20,359) (44,687)
Profit for the financial year 109,720 185,498
AMA WAKEFIELD LIMITED
Registered number: 12084554
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 71,259 42,181
Current assets
Stocks 3,000 2,700
Debtors 4 35,357 10,942
Cash at bank and in hand 165,582 222,638
203,939 236,280
Creditors: amounts falling due within one year 5 (111,774) (111,779)
Net current assets 92,165 124,501
Total assets less current liabilities 163,424 166,682
Creditors: amounts falling due after more than one year 6 (14,667) (22,667)
Net assets 148,757 144,015
Capital and reserves
Called up share capital 100 100
Profit and loss account 148,657 143,915
Shareholders' funds 148,757 144,015
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Selman Hysa
Director
Approved by the board on 1 March 2024
AMA WAKEFIELD LIMITED
Statement of Changes in Equity
for the year ended 31 July 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 August 2021 100 - - 113,417 113,517
Profit for the financial year 185,498 185,498
Dividends (155,000) (155,000)
At 31 July 2022 100 - - 143,915 144,015
At 1 August 2022 100 - - 143,915 144,015
Profit for the financial year 109,720 109,720
Dividends (104,978) (104,978)
At 31 July 2023 100 - - 148,657 148,757
AMA WAKEFIELD LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 72,411
Additions 46,842
At 31 July 2023 119,253
Depreciation
At 1 August 2022 30,230
Charge for the year 17,764
At 31 July 2023 47,994
Net book value
At 31 July 2023 71,259
At 31 July 2022 42,181
4 Debtors 2023 2022
£ £
Trade debtors 4,253 9,117
Other debtors 31,104 1,825
35,357 10,942
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,000 8,000
Trade creditors 60,273 22,369
Taxation and social security costs 39,207 72,432
Other creditors 4,294 8,978
111,774 111,779
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,667 22,667
7 Controlling party
During the year the company was under the control of the director
8 Other information
AMA WAKEFIELD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
16 Fountain Parade
Mapplewell
Barnsley
England
S75 6FW
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