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
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30/06/24 |
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31/05/23 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
700,000 |
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700,000 |
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_______ |
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_______ |
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700,000 |
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700,000 |
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Current assets |
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Cash at bank and in hand |
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2 |
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2 |
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_______ |
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_______ |
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2 |
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2 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
25,000) |
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(
300,000) |
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_______ |
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_______ |
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Net current liabilities |
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(
24,998) |
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(
299,998) |
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_______ |
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_______ |
Total assets less current liabilities |
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675,002 |
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400,002 |
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Creditors: amounts falling due |
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after more than one year |
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7 |
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- |
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(
50,000) |
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_______ |
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_______ |
Net assets |
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675,002 |
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350,002 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
Profit and loss account |
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675,000 |
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350,000 |
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_______ |
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_______ |
Shareholders funds |
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675,002 |
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350,002 |
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_______ |
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_______ |
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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:
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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;
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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
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 June 2022 |
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- |
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- |
- |
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Profit for the period |
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350,000 |
350,000 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the period |
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- |
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350,000 |
350,000 |
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Issue of shares |
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2 |
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2 |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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2 |
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- |
2 |
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_______ |
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_______ |
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At 31 May 2023 and 1 June 2023 |
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2 |
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350,000 |
350,002 |
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Profit for the period |
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325,000 |
325,000 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the period |
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- |
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325,000 |
325,000 |
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_______ |
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_______ |
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At 30 June 2024 |
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2 |
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675,000 |
675,002 |
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_______ |
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_______ |
_______ |
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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
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Shares in group undertakings and participating interests |
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£ |
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Cost |
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At 1 June 2023 and 30 June 2024 |
700,000 |
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_______ |
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Impairment |
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At 1 June 2023 and 30 June 2024 |
- |
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_______ |
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Carrying amount |
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At 30 June 2024 |
700,000 |
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_______ |
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At 31 May 2023 |
700,000 |
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_______ |
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6.
Creditors: amounts falling due within one year
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30/06/24 |
31/05/23 |
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£ |
£ |
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Other creditors |
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25,000 |
300,000 |
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_______ |
_______ |
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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
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30/06/24 |
31/05/23 |
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£ |
£ |
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Other creditors |
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- |
50,000 |
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_______ |
_______ |
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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.