0 01/06/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-06-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14136029 2023-06-01 2024-06-30 14136029 2024-06-30 14136029 2023-05-31 14136029 2022-05-27 2023-05-31 14136029 2023-05-31 14136029 2022-05-26 14136029 bus:Director1 2023-06-01 2024-06-30 14136029 core:ShareCapital 2022-05-27 2023-05-31 14136029 core:RetainedEarningsAccumulatedLosses 2022-05-27 2023-05-31 14136029 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-06-30 14136029 core:WithinOneYear 2024-06-30 14136029 core:WithinOneYear 2023-05-31 14136029 core:AfterOneYear 2023-05-31 14136029 core:ShareCapital 2024-06-30 14136029 core:ShareCapital 2023-05-31 14136029 core:RetainedEarningsAccumulatedLosses 2024-06-30 14136029 core:RetainedEarningsAccumulatedLosses 2023-05-31 14136029 core:PreviouslyStatedAmount core:ShareCapital 2024-06-30 14136029 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 14136029 core:Non-currentFinancialInstruments 2024-06-30 14136029 core:Non-currentFinancialInstruments 2023-05-31 14136029 bus:SmallEntities 2023-06-01 2024-06-30 14136029 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-06-30 14136029 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-06-30 14136029 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-06-30 14136029 bus:FullAccounts 2023-06-01 2024-06-30 14136029 core:WithinOneYear 2023-06-01 2024-06-30 14136029 core:AfterOneYear 2023-06-01 2024-06-30 14136029 1 2023-06-01 2024-06-30
Company registration number: 14136029
The AM-Group Compliance Services Ltd
Unaudited filleted financial statements
30 June 2024
The AM-Group Compliance Services Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
The AM-Group Compliance Services Ltd
Statement of financial position
30 June 2024
30/06/24 31/05/23
Note £ £ £ £
Fixed assets
Investments 5 700,000 700,000
_______ _______
700,000 700,000
Current assets
Cash at bank and in hand 2 2
_______ _______
2 2
Creditors: amounts falling due
within one year 6 ( 25,000) ( 300,000)
_______ _______
Net current liabilities ( 24,998) ( 299,998)
_______ _______
Total assets less current liabilities 675,002 400,002
Creditors: amounts falling due
after more than one year 7 - ( 50,000)
_______ _______
Net assets 675,002 350,002
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 675,000 350,000
_______ _______
Shareholders funds 675,002 350,002
_______ _______
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr Darren Cunningham
Director
Company registration number: 14136029
The AM-Group Compliance Services Ltd
Statement of changes in equity
Period ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 June 2022 - - -
Profit for the period 350,000 350,000
_______ _______ _______
Total comprehensive income for the period - 350,000 350,000
Issue of shares 2 2
_______ _______ _______
Total investments by and distributions to owners 2 - 2
_______ _______ _______
At 31 May 2023 and 1 June 2023 2 350,000 350,002
Profit for the period 325,000 325,000
_______ _______ _______
Total comprehensive income for the period - 325,000 325,000
_______ _______ _______
At 30 June 2024 2 675,000 675,002
_______ _______ _______
The AM-Group Compliance Services Ltd
Notes to the financial statements
Period ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15b Tiger Court, Kings Drive, Kings Business Park, Prescot, Merseyside, L34 1BH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The company is has been registered with HM Revenue & Customs since incorporation as a non-trading holding company and not within the charge to Corporation Tax.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2023: Nil).
5. Investments
Shares in group undertakings and participating interests
£
Cost
At 1 June 2023 and 30 June 2024 700,000
_______
Impairment
At 1 June 2023 and 30 June 2024 -
_______
Carrying amount
At 30 June 2024 700,000
_______
At 31 May 2023 700,000
_______
6. Creditors: amounts falling due within one year
30/06/24 31/05/23
£ £
Other creditors 25,000 300,000
_______ _______
Included in other creditors due within one year is an amount of £25,000 (2023: (£300,000) which is the deferred payment for the shares in the group undertaking due within one year, subject to a loan agreement issued from the seller. No interest is payable under the loan agreement unless monthly repayments are late. The loan was repaid in full in July 2024.
7. Creditors: amounts falling due after more than one year
30/06/24 31/05/23
£ £
Other creditors - 50,000
_______ _______
Included in other creditors due in more than one year is an amount of £Nil (2023: £50,000) which was for the deferred payment for the shares in the group undertaking, subject to a loan agreement issued from the seller.
8. Events after the end of the reporting period
On 29 October 2024, The company acquired 55% of the issued share capital of Ashley & McDonough Ltd from individual shareholders in a share for share exchange. As a result, Ashley & McDonough Ltd is now a wholly owned subsidiary of The AM-Group Compliance Services Limited.