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Registered number: 10859320
AM Analyst Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of AM Analyst Solutions Limited For The Year Ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AM Analyst Solutions Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of AM Analyst Solutions Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AM Analyst Solutions Limited and state those matters that we have agreed to state to the director of AM Analyst Solutions Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AM Analyst Solutions Limited and its director as a body for our work or for this report.
It is your duty to ensure that AM Analyst Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of AM Analyst Solutions Limited . You consider that AM Analyst Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AM Analyst Solutions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19 April 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 1
Page 2
Balance Sheet
Registered number: 10859320
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,508 288
1,508 288
CURRENT ASSETS
Debtors 5 11,753 10,115
Cash at bank and in hand 36,983 19,041
48,736 29,156
Creditors: Amounts Falling Due Within One Year 6 (30,454 ) (25,786 )
NET CURRENT ASSETS (LIABILITIES) 18,282 3,370
TOTAL ASSETS LESS CURRENT LIABILITIES 19,790 3,658
PROVISIONS FOR LIABILITIES
Deferred Taxation (377 ) (55 )
NET ASSETS 19,413 3,603
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 19,412 3,602
SHAREHOLDERS' FUNDS 19,413 3,603
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alpesh Mistry
Director
19 April 2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AM Analyst Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10859320 . The registered office is Lalita Buildings, 378 Walsall Road, Perry Barr, Birmingham, B42 2LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15 % Reducing Balance
2.4. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2022 531
Additions 1,486
As at 31 July 2023 2,017
Depreciation
As at 1 August 2022 243
Provided during the period 266
As at 31 July 2023 509
Net Book Value
As at 31 July 2023 1,508
As at 1 August 2022 288
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,718 10,080
Other debtors 35 35
11,753 10,115
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 12,667 11,863
Taxation and social security 17,787 13,923
30,454 25,786
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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8. Related Party Transactions
The opening balance on the director's current account was £11,525.The total debits and credits on the director's loan account were £40,635 (2022- £42,041) and £44,884 (2022 - £43,071) respectively. The balance at 31 July 2023 was £15,774.
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