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REGISTERED NUMBER: 04855099 (England and Wales)















AMTRAIN (MIDLANDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






AMTRAIN (MIDLANDS) LIMITED (REGISTERED NUMBER: 04855099)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


AMTRAIN (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A G Mckenna
Mrs S Mckenna





SECRETARY: Mrs S Mckenna





REGISTERED OFFICE: Rykneld Street A38 South
Next Total Garage
Lichfield
Staffordshire
WS13 8RD





REGISTERED NUMBER: 04855099 (England and Wales)

AMTRAIN (MIDLANDS) LIMITED (REGISTERED NUMBER: 04855099)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,850 16,850
Tangible assets 5 478,167 505,792
495,017 522,642

CURRENT ASSETS
Debtors 6 37,494 29,849
Cash at bank and in hand 8,821 48,144
46,315 77,993
CREDITORS
Amounts falling due within one year 7 159,336 124,921
NET CURRENT LIABILITIES (113,021 ) (46,928 )
TOTAL ASSETS LESS CURRENT LIABILITIES 381,996 475,714

CREDITORS
Amounts falling due after more than one year 8 (419,888 ) (453,727 )

PROVISIONS FOR LIABILITIES (3,122 ) (7,752 )
NET (LIABILITIES)/ASSETS (41,014 ) 14,235

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 34,832 34,867
Retained earnings (75,946 ) (20,732 )
SHAREHOLDERS' FUNDS (41,014 ) 14,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

AMTRAIN (MIDLANDS) LIMITED (REGISTERED NUMBER: 04855099)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 5 March 2024 and were signed on its behalf by:





A G Mckenna - Director


AMTRAIN (MIDLANDS) LIMITED (REGISTERED NUMBER: 04855099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2022 - 7 ) .

AMTRAIN (MIDLANDS) LIMITED (REGISTERED NUMBER: 04855099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 16,850
NET BOOK VALUE
At 30 September 2023 16,850
At 30 September 2022 16,850

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 425,000 288,252 713,252
Additions - 5,555 5,555
Disposals - (67,148 ) (67,148 )
At 30 September 2023 425,000 226,659 651,659
DEPRECIATION
At 1 October 2022 1,275 206,185 207,460
Charge for year 425 11,099 11,524
Eliminated on disposal - (45,492 ) (45,492 )
At 30 September 2023 1,700 171,792 173,492
NET BOOK VALUE
At 30 September 2023 423,300 54,867 478,167
At 30 September 2022 423,725 82,067 505,792

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 425,000 226,659 651,659

Freehold property was valued on an open market basis on 30 September 2019 by the director .

AMTRAIN (MIDLANDS) LIMITED (REGISTERED NUMBER: 04855099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,514 26,010
Other debtors 5,980 3,839
37,494 29,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,638 51,217
Trade creditors 49,167 44,319
Taxation and social security 3,088 651
Other creditors 61,443 28,734
159,336 124,921

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 419,888 453,727

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 314,776 290,281

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022 34,867
Revaluation (35 )

At 30 September 2023 34,832