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REGISTERED NUMBER: 02187536 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AMA (STORAGE AND DISTRIBUTION) LIMITED

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AMA (STORAGE AND DISTRIBUTION) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A C Skinner
Mr J M Cox





SECRETARY: Mr J M Cox





REGISTERED OFFICE: Rawmarsh Rd
Rotherham
South Yorks
S60 1RZ





REGISTERED NUMBER: 02187536 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 108,236 145,766

CURRENT ASSETS
Debtors 5 1,080,053 987,608
Cash at bank and in hand 106,239 53,682
1,186,292 1,041,290
CREDITORS
Amounts falling due within one year 6 (429,691 ) (260,306 )
NET CURRENT ASSETS 756,601 780,984
TOTAL ASSETS LESS CURRENT LIABILITIES 864,837 926,750

CREDITORS
Amounts falling due after more than one year 7 (101,699 ) (132,229 )

PROVISIONS FOR LIABILITIES 10 (19,063 ) (27,017 )
NET ASSETS 744,075 767,504

CAPITAL AND RESERVES
Called up share capital 11 417,917 417,917
Retained earnings 326,158 349,587
SHAREHOLDERS' FUNDS 744,075 767,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr A C Skinner - Director


AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ama (Storage And Distribution) 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

Taxation
Taxation for the year 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 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.

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 15 (2022 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,940 736,106 739,046
Disposals (2,940 ) - (2,940 )
At 31 December 2023 - 736,106 736,106
DEPRECIATION
At 1 January 2023 - 593,280 593,280
Charge for year - 34,590 34,590
At 31 December 2023 - 627,870 627,870
NET BOOK VALUE
At 31 December 2023 - 108,236 108,236
At 31 December 2022 2,940 142,826 145,766

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 239,416
Transfer to ownership (227,986 )
At 31 December 2023 11,430
DEPRECIATION
At 1 January 2023 200,164
Charge for year 403
Transfer to ownership (189,683 )
At 31 December 2023 10,884
NET BOOK VALUE
At 31 December 2023 546
At 31 December 2022 39,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 509,537 297,574
Other debtors - 339,940
Sheffield Precision Balance 434,243 216,667
Directors' current accounts 99,935 102,316
Prepayments and accrued income 36,338 31,111
1,080,053 987,608

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,883 48,000
Hire purchase contracts and finance leases (see note 8)
229

4,326
Trade creditors 137,155 62,109
Tax 121,437 79,923
Social security and other taxes 13,176 14,381
VAT 58,486 38,742
Other creditors 57,234 -
Accrued expenses 6,091 12,825
429,691 260,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 36,000 48,000
Bank loans - 2-5 years 65,699 84,000
Hire purchase contracts and finance leases (see note 8)
-

229
101,699 132,229

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year - 1,583 229 2,743
Between one and five years - - - 229
- 1,583 229 2,972

Non-cancellable operating leases
2023 2022
£    £   
Within one year 105,199 105,199
Between one and five years 420,797 420,797
In more than five years 902,960 1,008,159
1,428,956 1,534,155

AMA (STORAGE AND DISTRIBUTION) LIMITED (REGISTERED NUMBER: 02187536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 229 4,555

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,063 27,017

Deferred
tax
£   
Balance at 1 January 2023 27,017
Provided during year (7,954 )
Balance at 31 December 2023 19,063

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
417,817 Ordinary B £1 417,817 417,817
417,917 417,917

12. RELATED PARTY DISCLOSURES

The company is under the common control of the directors, who are also directors of Revert Alloys and Metals Ltd and ASJC Enterprises Ltd. At the financial year end Revert Alloys and Metals Ltd was owed by the company £57,234 (2022 owed to: £177,940) and ASJC Enterprises Ltd owed the company £Nil (2022: £162,000).