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REGISTERED NUMBER: 04998766 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Ammcom Limited

Ammcom Limited (Registered number: 04998766)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ammcom Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: A M Maunder





SECRETARY: Mrs M Maunder





REGISTERED OFFICE: Melrose Close
Swansea Enterprise Park
Morriston
Swansea
SA6 8QE





REGISTERED NUMBER: 04998766 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Ammcom Limited (Registered number: 04998766)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,484 99,047

CURRENT ASSETS
Stocks 47,436 43,392
Debtors 5 72,208 97,629
Cash at bank 3,264 3,765
122,908 144,786
CREDITORS
Amounts falling due within one year 6 70,951 95,300
NET CURRENT ASSETS 51,957 49,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,441

148,533

CREDITORS
Amounts falling due after more than
one year

7

79,583

103,817
NET ASSETS 46,858 44,716

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,758 44,616
SHAREHOLDERS' FUNDS 46,858 44,716

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ammcom Limited (Registered number: 04998766)

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 director and authorised for issue on 16 February 2024 and were signed by:





A M Maunder - Director


Ammcom Limited (Registered number: 04998766)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Ammcom 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Ammcom Limited (Registered number: 04998766)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 8 (2022 - 8 ) .

Ammcom Limited (Registered number: 04998766)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 2,914 117,008 14,236 134,158
DEPRECIATION
At 1 June 2022 2,736 21,959 10,416 35,111
Charge for year 36 23,763 764 24,563
At 31 May 2023 2,772 45,722 11,180 59,674
NET BOOK VALUE
At 31 May 2023 142 71,286 3,056 74,484
At 31 May 2022 178 95,049 3,820 99,047

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 117,008
DEPRECIATION
At 1 June 2022 21,959
Charge for year 23,763
At 31 May 2023 45,722
NET BOOK VALUE
At 31 May 2023 71,286
At 31 May 2022 95,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 67,310 94,333
Other debtors 4,898 3,296
72,208 97,629

Ammcom Limited (Registered number: 04998766)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,361 14,361
Trade creditors 10,230 20,156
Taxation and social security 10,237 20,804
Other creditors 26,123 29,979
70,951 95,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,748 30,000
Hire purchase contracts 58,835 73,817
79,583 103,817

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 73,196 88,178

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A M Maunder.