2022-11-012023-10-312023-10-31false04311930AMAC MORTGAGES 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AMAC MORTGAGES LIMITED

Registered Number
04311930
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

AMAC MORTGAGES LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

MCPHERSON, Andrew

Company Secretary

HAYMAN, Mark

Registered Address

Unit 1 Beta Centre
262 Ringwood Road
Poole
BH14 0RS

Registered Number

04311930 (England and Wales)
AMAC MORTGAGES LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets38,18811,166
8,18811,166
Current assets
Debtors98,833149,550
Cash at bank and on hand9,75461,128
108,587210,678
Creditors amounts falling due within one year(52,483)(67,601)
Net current assets (liabilities)56,104143,077
Total assets less current liabilities64,292154,243
Creditors amounts falling due after one year(17,427)(27,500)
Net assets46,865126,743
Capital and reserves
Called up share capital100100
Profit and loss account46,765126,643
Shareholders' funds46,865126,743
The financial statements were approved and authorised for issue by the Director on 25 August 2024, and are signed on its behalf by:
MCPHERSON, Andrew
Director
Registered Company No. 04311930
AMAC MORTGAGES LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from mortgage broking is recognised when, and to the extent that, the company obtains the right to consideration for services provided.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year34
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2237,008
At 31 October 2337,008
Depreciation and impairment
At 01 November 2225,842
Charge for year2,978
At 31 October 2328,820
Net book value
At 31 October 238,188
At 31 October 2211,166