Registered number
13271186
AMD Plant & Machine Hire Limited
Filleted Accounts
31 January 2024
AMD Plant & Machine Hire Limited
Registered number: 13271186
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 77,269 73,870
Current assets
Cash at bank and in hand 120,858 112,323
Creditors: amounts falling due within one year 4 (51,954) (119,544)
Net current assets/(liabilities) 68,904 (7,221)
Net assets 146,173 66,649
Capital and reserves
Called up share capital 100 100
Profit and loss account 146,073 66,549
Shareholders' funds 146,173 66,649
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Sinead McGrory
Director
Approved by the board on 23 October 2024
AMD Plant & Machine Hire Limited
Notes to the Accounts
for the year ended 31 January 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 72,000 22,525 94,525
Additions - 20,995 20,995
At 31 January 2024 72,000 43,520 115,520
Depreciation
At 1 February 2023 10,800 9,855 20,655
Charge for the year 9,180 8,416 17,596
At 31 January 2024 19,980 18,271 38,251
Net book value
At 31 January 2024 52,020 25,249 77,269
At 31 January 2023 61,200 12,670 73,870
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 21,804 3,920
Directors Loan Account 29,550 115,184
Other creditors 600 440
51,954 119,544
5 Other information
AMD Plant & Machine Hire Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Brierley Road
Henley Green
Coventry
CV2 1RS
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