IRIS Accounts Production v24.2.0.383 04327107 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043271072022-12-31043271072023-12-31043271072023-01-012023-12-31043271072021-12-31043271072022-01-012022-12-31043271072022-12-3104327107ns15:EnglandWales2023-01-012023-12-3104327107ns14:PoundSterling2023-01-012023-12-3104327107ns10:Director12023-01-012023-12-3104327107ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104327107ns10:SmallEntities2023-01-012023-12-3104327107ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104327107ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104327107ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104327107ns10:FullAccounts2023-01-012023-12-3104327107ns10:CompanySecretary12023-01-012023-12-3104327107ns10:RegisteredOffice2023-01-012023-12-3104327107ns5:CurrentFinancialInstruments2023-12-3104327107ns5:CurrentFinancialInstruments2022-12-3104327107ns5:ShareCapital2023-12-3104327107ns5:ShareCapital2022-12-3104327107ns5:RetainedEarningsAccumulatedLosses2023-12-3104327107ns5:RetainedEarningsAccumulatedLosses2022-12-3104327107ns5:ComputerEquipment2023-01-012023-12-3104327107ns5:ComputerEquipment2022-12-3104327107ns5:ComputerEquipment2023-12-3104327107ns5:ComputerEquipment2022-12-3104327107ns5:RetainedEarningsAccumulatedLosses2022-12-3104327107ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04327107 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AMS FINANCIAL SERVICES LIMITED

AMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04327107)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMS FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A M Shepherd





SECRETARY: D Y Shepherd





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 04327107 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

AMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04327107)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220 688

CURRENT ASSETS
Debtors 5 17,041 18,475
Cash at bank 54,525 90,440
71,566 108,915
CREDITORS
Amounts falling due within one year 6 18,433 30,997
NET CURRENT ASSETS 53,133 77,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,353

78,606

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 7 53,350 78,603
SHAREHOLDERS' FUNDS 53,353 78,606

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 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.

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 19 September 2024 and were signed by:





A M Shepherd - Director


AMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04327107)

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

1. STATUTORY INFORMATION

AMS Financial 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 and commissions receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

AMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 04327107)

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2023
and 31 December 2023 7,665
DEPRECIATION
At 1 January 2023 6,977
Charge for year 468
At 31 December 2023 7,445
NET BOOK VALUE
At 31 December 2023 220
At 31 December 2022 688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Director's loan account 17,041 18,475

The overdrawn director's loan account was cleared by a dividend voted on 30 April 2024.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 9,410 17,540
Deferred income 7,673 12,132
Accrued expenses 1,350 1,325
18,433 30,997

7. RESERVES
Retained
earnings
£   

At 1 January 2023 78,603
Profit for the year 39,647
Dividends (64,900 )
At 31 December 2023 53,350