Company Registration No. 10445356 (England and Wales)
AFM Technical Services Limited
Unaudited accounts
for the year ended 30 September 2023
AFM Technical Services Limited
Unaudited accounts
Contents
AFM Technical Services Limited
Company Information
for the year ended 30 September 2023
Company Number
10445356 (England and Wales)
Registered Office
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
AFM Technical Services Limited
Statement of financial position
as at 30 September 2023
Tangible assets
10,687
14,250
Cash at bank and in hand
839
8,176
Creditors: amounts falling due within one year
(25,823)
(26,969)
Net current (liabilities)/assets
(1,566)
2,848
Total assets less current liabilities
9,121
17,098
Creditors: amounts falling due after more than one year
(8,821)
(13,045)
Called up share capital
2
2
Profit and loss account
298
4,051
Shareholders' funds
300
4,053
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 January 2024 and were signed on its behalf by
Mr A Mulhaney
Director
Company Registration No. 10445356
AFM Technical Services Limited
Notes to the Accounts
for the year ended 30 September 2023
AFM Technical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10445356. The registered office is 1 Stable Court Business Centre, Water Lane Farm Tarbock Green, Liverpool, Merseyside, L35 1RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on the reducing balance.
4
Tangible fixed assets
Motor vehicles
At 30 September 2023
19,000
At 30 September 2023
8,313
At 30 September 2023
10,687
At 30 September 2022
14,250
AFM Technical Services Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Other debtors
18,155
10,439
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,300
4,472
Taxes and social security
19,542
19,819
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).