Company Registration No. 03496324 (England and Wales)
AMS LIMITED
Unaudited accounts
for the year ended 31 December 2023
AMS LIMITED
Unaudited accounts
Contents
AMS LIMITED
Company Information
for the year ended 31 December 2023
Director
Azad Indurkumar Shivdasani
Company Number
03496324 (England and Wales)
Registered Office
99 Milton Keynes Business Centre,
Foxhunter Drive, Linford Wood
Milton Keynes
MK14 6GD
United Kingdom
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AMS LIMITED for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AMS LIMITED for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of AMS LIMITED, as a body, in accordance with the terms of our engagement letter dated 20 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of AMS LIMITED and state those matters that we have agreed to state to the Board of Directors of AMS LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AMS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AMS LIMITED. You consider that AMS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AMS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Arth Limited
Chartered Accountants
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
21 August 2024
AMS LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
4,815
8,885
Cash at bank and in hand
1,782
5,951
Creditors: amounts falling due within one year
(31,177)
106,932
Net current assets
15,060
146,795
Total assets less current liabilities
19,875
155,680
Creditors: amounts falling due after more than one year
-
(11,204)
Called up share capital
1
1
Profit and loss account
19,874
144,475
Shareholders' funds
19,875
144,476
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
Azad Indurkumar Shivdasani
Director
Company Registration No. 03496324
AMS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
AMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03496324. The registered office is 99 Milton Keynes Business Centre,, Foxhunter Drive, Linford Wood, Milton Keynes, MK14 6GD, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Motor vehicles
Straight Line @ 25%
Fixtures & fittings
Straight Line @ 25%
Computer equipment
Straight Line @ 33%
The company has sufficient resources to continue as a going concern for the foreseeable future and the director believes that the company will be able to meet the liabilities as they fall due for at least twelve months from the date of approval of these financial statements. The company has contingency plans to mitigate any negative effects of the corona virus pandemic and therefore the accounts have been prepared on a going concern basis.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
48,349
3,043
20,788
72,180
At 31 December 2023
48,349
3,043
20,788
72,180
At 1 January 2023
48,349
2,743
12,203
63,295
Charge for the year
-
300
3,770
4,070
At 31 December 2023
48,349
3,043
15,973
67,365
At 31 December 2023
-
-
4,815
4,815
At 31 December 2022
-
300
8,585
8,885
AMS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
2,264
3,997
Amounts falling due after more than one year
Other debtors
31,629
23,657
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,879
11,384
Taxes and social security
23,219
24,478
Loans from directors
89
(154,803)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
11,204
8
Average number of employees
During the year the average number of employees was 4 (2022: 6).