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REGISTERED NUMBER: 06431190 (England and Wales)
















Applied Market Solutions Ltd

Unaudited Financial Statements

for the Year Ended 30th November 2023






Applied Market Solutions Ltd (Registered number: 06431190)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Applied Market Solutions Ltd

Company Information
for the Year Ended 30th November 2023







Director: Mr. K L Culligan





Registered office: 21 Chisholm Road
Richmond
London
TW10 6JH





Registered number: 06431190 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Applied Market Solutions Ltd (Registered number: 06431190)

Statement of Financial Position
30th November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,194 1,803

Current assets
Debtors 5 75,449 78,888
Cash at bank and in hand 14,529 27,896
89,978 106,784
Creditors
Amounts falling due within one year 6 71,204 76,035
Net current assets 18,774 30,749
Total assets less current liabilities 19,968 32,552

Creditors
Amounts falling due after more than one
year

7

19,166

29,165
Net assets 802 3,387

Capital and reserves
Called up share capital 100 100
Retained earnings 702 3,287
802 3,387

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

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

Applied Market Solutions Ltd (Registered number: 06431190)

Statement of Financial Position - continued
30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





Mr. K L Culligan - Director


Applied Market Solutions Ltd (Registered number: 06431190)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. Statutory information

Applied Market Solutions Ltd 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.

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 calculated so as to write off the cost or valuation of an asset, less it residual value, over the useful economic life of that asset as follows:

Plant and machinery - 20% straight line

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 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.

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 3 (2022 - 4 ) .

Applied Market Solutions Ltd (Registered number: 06431190)

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

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st December 2022 13,073
Additions 774
At 30th November 2023 13,847
Depreciation
At 1st December 2022 11,270
Charge for year 1,383
At 30th November 2023 12,653
Net book value
At 30th November 2023 1,194
At 30th November 2022 1,803

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 75,449 78,888

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,545 -
Taxation and social security 14,281 30,355
Other creditors 45,378 35,680
71,204 76,035

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 19,166 29,165

Applied Market Solutions Ltd (Registered number: 06431190)

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

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
Mr. K L Culligan
Balance outstanding at start of year - 49,945
Amounts repaid - (49,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -