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REGISTERED NUMBER: SC361755 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

AM Marketing Limited

AM Marketing Limited (Registered number: SC361755)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AM Marketing Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr A D MacPherson





REGISTERED OFFICE: 4 Culsetter Park
Brae
Shetland
ZE2 9WL





REGISTERED NUMBER: SC361755 (Scotland)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

AM Marketing Limited (Registered number: SC361755)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,229 40,236

CURRENT ASSETS
Debtors 5 329,657 213,125
Cash at bank 60,011 185,593
389,668 398,718
CREDITORS
Amounts falling due within one year 6 136,395 167,963
NET CURRENT ASSETS 253,273 230,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,502

270,991

PROVISIONS FOR LIABILITIES 7,800 5,300
NET ASSETS 300,702 265,691

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 299,702 264,691
SHAREHOLDERS' FUNDS 300,702 265,691

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.

AM Marketing Limited (Registered number: SC361755)

Statement of Financial Position - continued
31 December 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 20 August 2024 and were signed by:





Mr A D MacPherson - Director


AM Marketing Limited (Registered number: SC361755)

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

1. STATUTORY INFORMATION

AM Marketing Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - over lease term
Fixtures and fittings - 25% 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 tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AM Marketing Limited (Registered number: SC361755)

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

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2023 26,877 44,443 71,320
Additions 25,008 - 25,008
At 31 December 2023 51,885 44,443 96,328
DEPRECIATION
At 1 January 2023 8,157 22,927 31,084
Charge for year 3,056 6,959 10,015
At 31 December 2023 11,213 29,886 41,099
NET BOOK VALUE
At 31 December 2023 40,672 14,557 55,229
At 31 December 2022 18,720 21,516 40,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 329,657 213,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 25,000
Trade creditors 53,976 25,669
Taxation and social security 58,163 114,789
Other creditors 24,256 2,505
136,395 167,963

AM Marketing Limited (Registered number: SC361755)

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

7. CALLED UP SHARE CAPITAL

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