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Company registration number: 12794044
AMP Electrical North West Ltd
Unaudited filleted financial statements
31 August 2023
AMP Electrical North West Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
AMP Electrical North West Ltd
Directors and other information
Directors Mr A Pownall
Company number 12794044
Registered office 1182 Rochdale Road
Manchester
M9 6ER
Accountant JP Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
AMP Electrical North West Ltd
Statement of financial position
31 August 2023
31/08/23 31/08/22
Note £ £ £ £
Current assets
Debtors 6 1,095 -
Cash at bank and in hand 1,301 979
_______ _______
2,396 979
Creditors: amounts falling due
within one year 7 ( 2,073) ( 994)
_______ _______
Net current assets/(liabilities) 323 ( 15)
_______ _______
Total assets less current liabilities 323 ( 15)
_______ _______
Net assets/(liabilities) 323 ( 15)
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 322 ( 16)
_______ _______
Shareholders funds/(deficit) 323 ( 15)
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr A Pownall
Director
Company registration number: 12794044
AMP Electrical North West Ltd
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 1182 Rochdale Road, Manchester, M9 6ER.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
The aggregate payroll costs incurred during the year were:
Year Period
ended ended
31/08/23 31/08/22
£ £
Wages and salaries 12,182 5,150
Other pension costs 1,100 400
_______ _______
13,282 5,550
_______ _______
5. Dividends
Equity dividends
Year Period
ended ended
31/08/23 31/08/22
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior period) 4,500 -
_______ _______
6. Debtors
31/08/23 31/08/22
£ £
Other debtors 1,095 -
_______ _______
7. Creditors: amounts falling due within one year
31/08/23 31/08/22
£ £
Corporation tax 1,131 -
Other creditors 942 994
_______ _______
2,073 994
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/08/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A Pownall ( 394) 52 ( 342)
_______ _______ _______
Period ended 31/08/22
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A Pownall - ( 394) ( 394)
_______ _______ _______