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REGISTERED NUMBER: 08242342 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

FOR

AMS INDUSTRIAL SERVICES LIMITED

AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMS INDUSTRIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024







DIRECTOR: Mr I D Masters





REGISTERED OFFICE: Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ





REGISTERED NUMBER: 08242342 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 8,318
- 8,318

CURRENT ASSETS
Stocks - 200
Debtors 6 125 2,675
Cash at bank 1,112 9,499
1,237 12,374
CREDITORS
Amounts falling due within one year 7 375 7,106
NET CURRENT ASSETS 862 5,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

862

13,586

PROVISIONS FOR LIABILITIES 8 - 1,580
NET ASSETS 862 12,006

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 762 11,906
SHAREHOLDERS' FUNDS 862 12,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





Mr I D Masters - Director


AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

AMS Industrial Services 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Trailers - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 March 2024 100,000
AMORTISATION
At 1 November 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Trailers equipment Totals
£    £    £    £   
COST
At 1 November 2023 10,932 917 4,647 16,496
Disposals (10,932 ) (917 ) (4,647 ) (16,496 )
At 31 March 2024 - - - -
DEPRECIATION
At 1 November 2023 4,190 819 3,169 8,178
Eliminated on disposal (4,190 ) (819 ) (3,169 ) (8,178 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 October 2023 6,742 98 1,478 8,318

AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.10.23
£    £   
Trade debtors - 2,497
Tax 1 -
VAT 124 -
Prepayments and accrued income - 178
125 2,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.10.23
£    £   
Trade creditors - 33
Tax - 3,301
VAT - 2,276
Directors' current accounts 66 738
Accruals and deferred income 309 758
375 7,106

8. PROVISIONS FOR LIABILITIES
31.3.24 31.10.23
£    £   
Deferred tax - 1,580

Deferred
tax
£   
Balance at 1 November 2023 1,580
Accelerated capital allowances (1,580 )
Balance at 31 March 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2023 11,906
Deficit for the period (6,744 )
Dividends (4,400 )
At 31 March 2024 762

AMS INDUSTRIAL SERVICES LIMITED (REGISTERED NUMBER: 08242342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the director charged the company £130 (year to 31 October 2023 - £312) for use of home as office.

12. RELATED PARTY DISCLOSURES

At 31 March 2024 there was a balance of £66 (31 October 2023 - £738) owed by the company to the director, Mr I D Masters. This balance has been shown in Creditors.

During the period the company paid dividends of £3,300 (year to 31 October 2023 - £22,250) to the director.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I D Masters.