Registered number
06150877
AM Systems (Control Solutions) Ltd
Filleted Accounts
31 March 2024
AM Systems (Control Solutions) Ltd
Registered number: 06150877
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 54,011 -
Current assets
Cash at bank and in hand 41,648 26,154
Creditors: amounts falling due within one year 4 (23,074) (15,167)
Net current assets 18,574 10,987
Total assets less current liabilities 72,585 10,987
Creditors: amounts falling due after more than one year 5 (53,374) (6,000)
Net assets 19,211 4,987
Capital and reserves
Called up share capital 2 2
Profit and loss account 19,209 4,985
Shareholder's funds 19,211 4,987
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Macswan
Director
Approved by the board on 16 September 2024
AM Systems (Control Solutions) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 2,734 - 2,734
Additions - 60,011 60,011
At 31 March 2024 2,734 60,011 62,745
Depreciation
At 1 April 2023 2,734 - 2,734
Charge for the year - 6,000 6,000
At 31 March 2024 2,734 6,000 8,734
Net book value
At 31 March 2024 - 54,011 54,011
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 22,574 14,667
Other creditors 500 500
23,074 15,167
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 49,290 -
Other creditors 4,084 6,000
53,374 6,000
6 Other information
AM Systems (Control Solutions) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5A Blandfor Close, Wokingham, Berkshire RG41 4EN
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