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REGISTERED NUMBER: 00972795 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AMPCO METAL LIMITED

AMPCO METAL LIMITED (REGISTERED NUMBER: 00972795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMPCO METAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: L J Bento



REGISTERED OFFICE: 17 Binns Close
Coventry
West Midlands
CV4 9TB



REGISTERED NUMBER: 00972795 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: HSBC
55 Corporation Street
Coventry
West Midlands
CV1 1GX



SOLICITORS: Blakemores
27 Spon Street
Coventry
West Midlands
CV1 3BA

AMPCO METAL LIMITED (REGISTERED NUMBER: 00972795)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 99,340 81,626
Cash at bank and in hand 16,839 19,987
116,179 101,613
CREDITORS
Amounts falling due within one year 6 11,622 9,769
NET CURRENT ASSETS 104,557 91,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,557

91,844

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 9 54,557 41,844
SHAREHOLDERS' FUNDS 104,557 91,844

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 March 2024 and were signed by:





L J Bento - Director


AMPCO METAL LIMITED (REGISTERED NUMBER: 00972795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ampco Metal 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.

Preparation of consolidated financial statements
The financial statements contain information about Ampco Metal Limited as an individual company and do not contain consolidated information of the group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

As wholly owned subsidiary, the company has taken advantage of the exemption contained in FRS 8 Related Party Transactions and has therefore not disclosed transactions or balances with entities which form part of the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Machinery and equipment - Straight line over 3 - 8 years
Fixtures and fittings - Straight line over 3 - 8 years

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.

Deferred taxation
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.

Operating leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs
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.

The assets of the scheme are held separately from those of the Company.

AMPCO METAL LIMITED (REGISTERED NUMBER: 00972795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Machinery Fixtures
and and
equipment fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 295 13,141 13,436
DEPRECIATION
At 1 January 2023
and 31 December 2023 295 13,141 13,436
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,143 57,721
Amounts owed by group undertakings 15,706 15,706
Other debtors 659 1,672
Prepayments and accrued income 9,832 6,527
99,340 81,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,560 3,689
Corporation tax 2,982 2,025
Social security and other taxes 1,234 1,395
Other creditors 896 -
Accruals and deferred income 2,950 2,660
11,622 9,769

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 20,500 20,500
Between one and five years 64,500 85,000
85,000 105,500

AMPCO METAL LIMITED (REGISTERED NUMBER: 00972795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. LEASING AGREEMENTS - continued

At 31 December 2023 the Company had annual commitments under non-cancellable operating leases for the property at Binns Close, which expires on and including 3 November 2027.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1 50,000 50,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 41,844
Profit for the year 12,713
At 31 December 2023 54,557

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AM Group SA, incorporated in Switzerland by virtue of its ownership of 60% of the issued share capital of the parent company. The parent company is Ampco Metal SA, incorporated in Switzerland.