Company Registration No. 12755037 (England and Wales)
AMJ Strip Out Limited
Unaudited accounts
for the year ended 31 July 2024
AMJ Strip Out Limited
Unaudited accounts
Contents
AMJ Strip Out Limited
Statement of financial position
as at 31 July 2024
Tangible assets
155,223
146,462
Cash at bank and in hand
19,116
62,408
Creditors: amounts falling due within one year
44,166
29,691
Net current assets
248,515
202,523
Total assets less current liabilities
403,738
348,985
Creditors: amounts falling due after more than one year
(180,854)
(172,847)
Net assets
222,884
176,138
Profit and loss account
222,884
176,138
Shareholders' funds
222,884
176,138
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
James Earl
Director
Company Registration No. 12755037
AMJ Strip Out Limited
Notes to the Accounts
for the year ended 31 July 2024
AMJ Strip Out Limited is a private company, limited by shares, registered in England and Wales, registration number 12755037. The registered office is Unit F14, Holly Farm Business Park, Honiley, Coventry, West Midlands, CV8 1NP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
18,751
180,827
224
199,802
Additions
-
71,450
-
71,450
At 31 July 2024
18,751
252,277
224
271,252
At 1 August 2023
5,217
47,947
176
53,340
Charge for the year
4,692
57,949
48
62,689
At 31 July 2024
9,909
105,896
224
116,029
At 31 July 2024
8,842
146,381
-
155,223
At 31 July 2023
13,534
132,880
48
146,462
AMJ Strip Out Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
164,669
69,584
Accrued income and prepayments
7,425
15,170
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(46,526)
(31,822)
Other creditors
2,360
2,131
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
161,854
122,847
Other creditors
19,000
50,000
8
Average number of employees
During the year the average number of employees was 13 (2023: 16).