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REGISTERED NUMBER: 08102920 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

AMG Scaffolding Limited

AMG Scaffolding Limited (Registered number: 08102920)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

AMG Scaffolding Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A M Grant





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 08102920 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

AMG Scaffolding Limited (Registered number: 08102920)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,459 29,766

CURRENT ASSETS
Debtors 5 50,156 41,298
Cash at bank 3,942 16,054
54,098 57,352
CREDITORS
Amounts falling due within one year 6 34,854 30,723
NET CURRENT ASSETS 19,244 26,629
TOTAL ASSETS LESS CURRENT LIABILITIES 39,703 56,395

CREDITORS
Amounts falling due after more than one year 7 (26,473 ) (43,899 )

PROVISIONS FOR LIABILITIES 8 (4,226 ) (5,191 )
NET ASSETS 9,004 7,305

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,904 7,205
SHAREHOLDERS' FUNDS 9,004 7,305

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

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

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 8 March 2024 and were signed by:





A M Grant - Director


AMG Scaffolding Limited (Registered number: 08102920)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

AMG Scaffolding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from scaffolding services is recognised by reference to the stage of completion. Stage of completion is measured by reference to labour hours incurred to date as a percentage of total estimated labour hours for each contract. Where the contract outcome cannot be measured reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery - 20% reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

AMG Scaffolding Limited (Registered number: 08102920)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 31,234 48,362 860 80,456
Additions 1,700 10,000 - 11,700
Disposals - (26,149 ) - (26,149 )
At 30 June 2023 32,934 32,213 860 66,007
DEPRECIATION
At 1 July 2022 26,023 24,212 455 50,690
Charge for year 1,382 2,696 165 4,243
Eliminated on disposal - (9,385 ) - (9,385 )
At 30 June 2023 27,405 17,523 620 45,548
NET BOOK VALUE
At 30 June 2023 5,529 14,690 240 20,459
At 30 June 2022 5,211 24,150 405 29,766

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 26,149
Additions 10,000
Disposals (26,149 )
At 30 June 2023 10,000
DEPRECIATION
At 1 July 2022 9,385
Charge for year 992
Eliminated on disposal (9,385 )
At 30 June 2023 992
NET BOOK VALUE
At 30 June 2023 9,008
At 30 June 2022 16,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 25,464 15,641
Other debtors 24,125 25,657
Prepayments 567 -
50,156 41,298

AMG Scaffolding Limited (Registered number: 08102920)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,145 2,607
Trade creditors 767 4,561
Tax 12,640 7,300
VAT 4,635 2,809
Directors' current accounts 647 541
Accrued expenses 3,020 2,905
34,854 30,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-5 years 20,833 30,833
Hire purchase contracts 5,640 13,066
26,473 43,899

8. PROVISIONS FOR LIABILITIES

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £832..

At the balance sheet date, the company has a £4,226 deferred tax liability (2022 - £5,191) relating to accelerated capital allowances.

Factors that may affect future tax charges

An increase in the future main corporation tax rate to 25% from 1 April 2023, from the previously enacted 19% was announced in the budget on 3 March 2021, and substantively enacted 24 May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1.00 100 100

10. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end due to Mr A Grant was £647 (2022 - £541).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
AMG Scaffolding Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AMG Scaffolding Limited for the year ended 30 June 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of AMG Scaffolding Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AMG Scaffolding Limited and state those matters that we have agreed to state to the director of AMG Scaffolding Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMG Scaffolding Limited and its director for our work or for this report.

It is your duty to ensure that AMG Scaffolding Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AMG Scaffolding Limited. You consider that AMG Scaffolding 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 financial statements of AMG Scaffolding 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 statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


8 March 2024