IRIS Accounts Production v24.2.0.383 13783282 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 23/8/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137832822022-11-30137832822023-11-30137832822022-12-012023-11-30137832822021-12-05137832822021-12-062022-11-30137832822022-11-3013783282ns15:EnglandWales2022-12-012023-11-3013783282ns14:PoundSterling2022-12-012023-11-3013783282ns10:Director12022-12-012023-11-3013783282ns10:Director22022-12-012023-11-3013783282ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013783282ns10:SmallEntities2022-12-012023-11-3013783282ns10:Audited2022-12-012023-11-3013783282ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013783282ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013783282ns10:FullAccounts2022-12-012023-11-3013783282ns10:Director32022-12-012023-11-3013783282ns10:Director42022-12-012023-11-3013783282ns10:Director52022-12-012023-11-3013783282ns10:RegisteredOffice2022-12-012023-11-3013783282ns5:CurrentFinancialInstruments2023-11-3013783282ns5:CurrentFinancialInstruments2022-11-3013783282ns5:ShareCapital2023-11-3013783282ns5:ShareCapital2022-11-3013783282ns5:RetainedEarningsAccumulatedLosses2023-11-3013783282ns5:RetainedEarningsAccumulatedLosses2022-11-3013783282ns5:PlantMachinery2022-11-3013783282ns5:PlantMachinery2022-12-012023-11-3013783282ns5:PlantMachinery2023-11-3013783282ns5:PlantMachinery2022-11-3013783282ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013783282ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3013783282ns5:WithinOneYear2023-11-3013783282ns5:WithinOneYear2022-11-3013783282ns5:DeferredTaxation2022-11-3013783282ns5:DeferredTaxation2023-11-30
REGISTERED NUMBER: 13783282 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

AMD ENVIRONMENTAL (NORTH) LIMITED

AMD ENVIRONMENTAL (NORTH) LIMITED (REGISTERED NUMBER: 13783282)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMD ENVIRONMENTAL (NORTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J A King
M G Sullivan
D B Peachey FCA
G Craig
B McFarlane





REGISTERED OFFICE: Jupiter House Orbital One
Green Street Green Road
Dartford
Kent
DA1 1QG





REGISTERED NUMBER: 13783282 (England and Wales)





AUDITORS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Statutory Auditors
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

AMD ENVIRONMENTAL (NORTH) LIMITED (REGISTERED NUMBER: 13783282)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,504 1,658

CURRENT ASSETS
Debtors 5 1,322,650 391,962
Cash at bank 592,965 99,825
1,915,615 491,787
CREDITORS
Amounts falling due within one year 6 1,509,226 516,337
NET CURRENT ASSETS/(LIABILITIES) 406,389 (24,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,893

(22,892

)

PROVISIONS FOR LIABILITIES 8 876 -
NET ASSETS/(LIABILITIES) 409,017 (22,892 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 408,017 (23,892 )
SHAREHOLDERS' FUNDS 409,017 (22,892 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




G Craig - Director



B McFarlane - Director


AMD ENVIRONMENTAL (NORTH) LIMITED (REGISTERED NUMBER: 13783282)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

AMD Environmental (North) 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.

The financial statements are presented in Sterling (£), which is also the functional currency of the Company. Monetary amounts in these Financial Statements are rounded to the nearest £1.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from contracts for the provision of goods and services is recognised when the outcome of a contract can be measured reliably, the entity will recognise both the income and costs (excluding non-productive costs) by reference to the percentage of completion of the contract. Turnover is calculated as that proportion of the total contract value which costs to date bear to total costs for that contract. Full provision is made for any foreseeable losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Plant and machinery-20% per annum reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


AMD ENVIRONMENTAL (NORTH) LIMITED (REGISTERED NUMBER: 13783282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

Leasing commitments
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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Critical judgment and estimation uncertainty
In respect of construction contracts, management undertake regular progress reviews. Profits or losses are recognised within the income statement as part of a contract's revenue and cost where management consider that the outcome of a construction contract can be estimated reliably. Reliable estimates are determined with reference to each contract's stage of completion, future costs to complete and recoverability of amounts invoiced or applied for.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 6 ) .

AMD ENVIRONMENTAL (NORTH) LIMITED (REGISTERED NUMBER: 13783282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 December 2022 2,072
Additions 2,722
At 30 November 2023 4,794
DEPRECIATION
At 1 December 2022 414
Charge for year 876
At 30 November 2023 1,290
NET BOOK VALUE
At 30 November 2023 3,504
At 30 November 2022 1,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,107,994 133,844
Amounts owed by group undertakings 750 750
Amounts recoverable on
contracts 205,060 245,035
Other debtors 8,846 12,333
1,322,650 391,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts payable on contracts 420,912 142,987
Trade creditors 396,423 16,889
Amounts owed to group undertakings 416,242 290,389
Taxation and social security 232,389 18,015
Other creditors 43,260 48,057
1,509,226 516,337

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 14,850 3,712

AMD ENVIRONMENTAL (NORTH) LIMITED (REGISTERED NUMBER: 13783282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. PROVISIONS FOR LIABILITIES
2023
£
Deferred tax 876

Deferred tax
£
Balance at 1 December 2022 (7,478 )
Tax losses utilised 7,892
Accelerated capital allowances 462
Balance at 30 November 2023 876

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)
for and on behalf of Lewis Brownlee (Chichester) Limited

10. PENSION COMMITMENTS

At the balance sheet date the company had an outstanding pension contributions liability of £2,600 (2022: £1,942).

11. RELATED PARTY DISCLOSURES

During the year the company incurred a management charge of £90,000 (2022: NIL) from a member of the group. Included within amounts owed to group undertakings, in respect of this member of the group, was £416,242 (2022: £276,645).

The results of this company are included within the consolidated financial statements of AMD Group Holdings Limited, copies of which are available from Companies House.

The ultimate controlling parties are J A King and M G Sullivan by virtue of shareholdings in the parent company, AMD Group Holdings Limited. The registered office address of AMD Group Holdings Limited is Jupiter House, Orbital One, Green Street Green Road, Dartford, Kent, DA1 1QG.