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REGISTERED NUMBER: SC521663 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 December 2023

for

AMK MECHANICAL SERVICES LIMITED

AMK MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC521663)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMK MECHANICAL SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J A McKenna





REGISTERED OFFICE: Sinclair Building
18-20 Eagle Street
Glasgow
G4 9XA





REGISTERED NUMBER: SC521663 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

AMK MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC521663)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 68,134 53,933

CURRENT ASSETS
Stocks 5 113,994 86,754
Debtors 6 294,448 285,490
Cash at bank and in hand 1,878 68,569
410,320 440,813
CREDITORS
Amounts falling due within one year 7 (330,356 ) (354,208 )
NET CURRENT ASSETS 79,964 86,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,098

140,538

CREDITORS
Amounts falling due after more than one
year

8

(29,289

)

(24,335

)
NET ASSETS 118,809 116,203

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,709 116,103
SHAREHOLDERS' FUNDS 118,809 116,203

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.

AMK MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC521663)

Balance Sheet - 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 director and authorised for issue on 26 September 2024 and were signed by:





J A McKenna - Director


AMK MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC521663)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

AMK Mechanical Services Limited is a private company, limited by shares , registered in Scotland. 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 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.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised 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.

AMK MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC521663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 91,557 860 92,417
Additions 34,400 1,211 35,611
At 31 December 2023 125,957 2,071 128,028
DEPRECIATION
At 1 January 2023 38,377 107 38,484
Charge for year 21,180 230 21,410
At 31 December 2023 59,557 337 59,894
NET BOOK VALUE
At 31 December 2023 66,400 1,734 68,134
At 31 December 2022 53,180 753 53,933

5. STOCKS
2023 2022
£    £   
Work-in-progress 113,994 86,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,489 88,276
Other debtors 152,774 177,632
VAT 11,185 19,582
294,448 285,490

AMK MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC521663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 25,000 35,000
Hire purchase contracts 11,296 6,296
Trade creditors 133,577 188,779
Tax 9,648 27,839
Social security and other taxes 15,396 (16,683 )
Other creditors 4,393 2,281
Directors' current accounts 20,816 2,020
Accruals and deferred income 105,446 105,446
Accrued expenses 4,784 3,230
330,356 354,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 29,289 24,335

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A McKenna.