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REGISTERED NUMBER: 13019817 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Am Business Advisory Services Limited

Am Business Advisory Services Limited (Registered number: 13019817)






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


Am Business Advisory Services Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Miss A M Kilkenny





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 13019817 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Am Business Advisory Services Limited (Registered number: 13019817)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 347 1,359
Investments 6 - 2,500
347 3,859

CURRENT ASSETS
Debtors: amounts falling due within one year 7 24,761 5,322
Debtors: amounts falling due after more than one
year

7

123

3,000
Cash at bank 692,246 852,393
717,130 860,715
CREDITORS
Amounts falling due within one year 8 (5,565 ) (84,752 )
NET CURRENT ASSETS 711,565 775,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,912

779,822

PROVISIONS FOR LIABILITIES 9 - (28 )
NET ASSETS 711,912 779,794

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 711,812 779,694
SHAREHOLDER FUNDS 711,912 779,794

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 her 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.

Am Business Advisory Services Limited (Registered number: 13019817)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Miss A M Kilkenny - Director


Am Business Advisory Services Limited (Registered number: 13019817)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Am Business Advisory Services Limited ('The Company') is primarily engaged in management consultancy and is a member of Oliver Wight EAME LLP.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Corinium House, Barnwood Point, Corinium Avenue, Gloucester, GL4 3HX and the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The financial statements have been prepared under the historical cost convention.

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax, plus the profit share due from the LLP of which the company is a member.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% 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 end of the financial period.


Am Business Advisory Services Limited (Registered number: 13019817)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial period.

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.

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.

Fixed asset investments
Unlisted investments are shown at cost less any impairment loss.

Dividends received from unlisted investments are included in other income.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Am Business Advisory Services Limited (Registered number: 13019817)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 3,038
Disposals (1,997 )
At 31 December 2023 1,041
DEPRECIATION
At 1 January 2023 1,679
Charge for year 1,012
Eliminated on disposal (1,997 )
At 31 December 2023 694
NET BOOK VALUE
At 31 December 2023 347
At 31 December 2022 1,359

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023 2,500
Additions 20,000
Disposals (2,500 )
Diminution of value (20,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 2,500

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 2,130 -
Other debtors 22,631 5,322
24,761 5,322

Am Business Advisory Services Limited (Registered number: 13019817)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 123 3,000

Aggregate amounts 24,884 8,322

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 95 78
Taxation and social security 1,224 59,503
Other creditors 4,246 25,171
5,565 84,752

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 28

Deferred
tax
£   
Balance at 1 January 2023 28
Credit to Income Statement during year (151 )
Recognition of deferred
tax asset 123
Balance at 31 December 2023 -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Miss A M Kilkenny
Balance outstanding at start of year - -
Amounts advanced 70,895 -
Amounts repaid (63,462 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,433 -

Am Business Advisory Services Limited (Registered number: 13019817)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The above loan balance outstanding at the end of the period, included in debtors: amounts falling due within one year, was cleared in the year ending 31 December 2024.

During the year interest of £2,191 (2022: £1,821) has been incurred by the company in respect of the director's loan. At 31 December 2023 this remains unpaid and is included within accruals: amounts falling due within one year.