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REGISTERED NUMBER: 10494909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

A M S COMPOSITE CYLINDERS LIMITED

A M S COMPOSITE CYLINDERS LIMITED (REGISTERED NUMBER: 10494909)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A M S COMPOSITE CYLINDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: J Cooper
M Worrall
A Morrin





SECRETARY:





REGISTERED OFFICE: 1 Village Courtyard
High Street
Holme On Spalding Moor
York
North Yorkshire
YO43 4AA





REGISTERED NUMBER: 10494909 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

A M S COMPOSITE CYLINDERS LIMITED (REGISTERED NUMBER: 10494909)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,448 1,439

CURRENT ASSETS
Stocks - 315,755
Debtors 5 1,301,816 314,649
Cash at bank 328,820 113,023
1,630,636 743,427
CREDITORS
Amounts falling due within one year 6 1,269,590 509,068
NET CURRENT ASSETS 361,046 234,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,494

235,798

CREDITORS
Amounts falling due after more than one
year

7

(38,099

)

(43,008

)

PROVISIONS FOR LIABILITIES (273 ) (273 )
NET ASSETS 324,122 192,517

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 323,722 192,117
SHAREHOLDERS' FUNDS 324,122 192,517

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

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

A M S COMPOSITE CYLINDERS LIMITED (REGISTERED NUMBER: 10494909)

BALANCE SHEET - continued
30TH 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 31st March 2024 and were signed on its behalf by:




J Cooper - Director M Worrall - Director




A Morrin - Director


A M S COMPOSITE CYLINDERS LIMITED (REGISTERED NUMBER: 10494909)

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

1. STATUTORY INFORMATION

A M S Composite Cylinders 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

A M S COMPOSITE CYLINDERS LIMITED (REGISTERED NUMBER: 10494909)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022 3,191
Additions 264
At 30th September 2023 3,455
DEPRECIATION
At 1st October 2022 1,752
Charge for year 255
At 30th September 2023 2,007
NET BOOK VALUE
At 30th September 2023 1,448
At 30th September 2022 1,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 1,301,816 314,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 847,025 439,171
Tax 112,016 25,942
Social security and other taxes 598 142
VAT 192,860 10,292
Loan - S Langron 16,416 -
Directors' current accounts 98,025 32,221
Accrued expenses 2,650 1,300
1,269,590 509,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
HSBC - BBL - 1-2 years 6,204 6,204
HSBC - BBL - 2-5 years 31,895 36,804
38,099 43,008

A M S COMPOSITE CYLINDERS LIMITED (REGISTERED NUMBER: 10494909)

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

8. RELATED PARTY DISCLOSURES

Throughout the course of the period the company transacted with the directors by way of an interest free loan account as follows:-


Mr M Worrall
The balance owing to the director at the balance sheet date was £ 29,608

Mr J Cooper
The balance owing to the director at the balance sheet date was £ 34,162

Mr A Morrin.
The balance owing to the director at the balance sheet date was £ 34,255

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors who own 100% of the issued share capital.