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REGISTERED NUMBER: 13129859 (England and Wales)



















Unaudited Financial Statements

for the Period

1 August 2022 to 31 May 2023

for

A M CONVENIENCE (SOLIHULL) LTD

A M CONVENIENCE (SOLIHULL) LTD (REGISTERED NUMBER: 13129859)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


A M CONVENIENCE (SOLIHULL) LTD (REGISTERED NUMBER: 13129859)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 226,318 221,428

CURRENT ASSETS
Stocks 78,165 62,975
Debtors 5 55,496 7,149
Cash at bank and in hand 8,456 4,972
142,117 75,096
CREDITORS
Amounts falling due within one year 6 98,035 105,120
NET CURRENT ASSETS/(LIABILITIES) 44,082 (30,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,400

191,404

CREDITORS
Amounts falling due after more than one year 7 221,827 197,679
NET ASSETS/(LIABILITIES) 48,573 (6,275 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,473 (6,375 )
48,573 (6,275 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 CONVENIENCE (SOLIHULL) LTD (REGISTERED NUMBER: 13129859)

Balance Sheet - continued
31 May 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 2 February 2024 and were signed on its behalf by:





Mandeep Singh Aulakh - Director


A M CONVENIENCE (SOLIHULL) LTD (REGISTERED NUMBER: 13129859)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 May 2023

1. STATUTORY INFORMATION

A M Convenience (Solihull) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13129859

Registered office: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

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 period 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 period 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.

A M CONVENIENCE (SOLIHULL) LTD (REGISTERED NUMBER: 13129859)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 198,827 31,268 230,095
Additions 12,438 - 12,438
At 31 May 2023 211,265 31,268 242,533
DEPRECIATION
At 1 August 2022 3,977 4,690 8,667
Charge for period 4,225 3,323 7,548
At 31 May 2023 8,202 8,013 16,215
NET BOOK VALUE
At 31 May 2023 203,063 23,255 226,318
At 31 July 2022 194,850 26,578 221,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 55,496 7,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,576 87,248
Taxation and social security 32,459 12,824
Other creditors - 5,048
98,035 105,120

A M CONVENIENCE (SOLIHULL) LTD (REGISTERED NUMBER: 13129859)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 221,827 197,679

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2023 and the year ended 31 July 2022:

2023 2022
£    £   
Mandeep Singh Aulakh and Aarondeep Singh Aulakh
Balance outstanding at start of period (90 ) -
Amounts advanced 2,562 2,910
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,472 (90 )

9. RELATED PARTY DISCLOSURES

The following current assets are related party transactions with no terms attached

Aulakh Holding (Solihull) Ltd = £14,066 (£1,700 in 2022)
AM Convenience (Catherine de barnes) Ltd = £38,138 (£1,700 in 2022)

The following long term liabilities are related party transactions with no terms attached

AM Convenience Ltd = £97,337 (£160,939 in 2022)
Aulakh Holding Ltd = £39,490 (£36,740 in 2022)