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REGISTERED NUMBER: 01849440 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

A.M. Clearing (Transport) Limited

A.M. Clearing (Transport) Limited (Registered number: 01849440)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.M. Clearing (Transport) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: I Dalby
M Dalby
Mrs E Dalby





SECRETARY: Mrs E Dalby





REGISTERED OFFICE: 104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB





REGISTERED NUMBER: 01849440 (England and Wales)





ACCOUNTANTS: Johnstone Howell & Co
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 627,172 666,312

CURRENT ASSETS
Stocks 11,599 15,245
Debtors 5 143,546 98,585
Cash at bank and in hand 624,882 458,622
780,027 572,452
CREDITORS
Amounts falling due within one year 6 111,198 38,995
NET CURRENT ASSETS 668,829 533,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,296,001

1,199,769

PROVISIONS FOR LIABILITIES 7 91,468 98,945
NET ASSETS 1,204,533 1,100,824

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,204,433 1,100,724
SHAREHOLDERS' FUNDS 1,204,533 1,100,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





I Dalby - Director


A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

A.M. Clearing (Transport) Limited is a private company, limited by shares , registered in England and Wales. 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 comprises the fair value of the sale of goods and services net of vat, rebates and discounts. Sales of goods and services are recognised when the company has delivered the goods and services to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Portable buildings - at varying rates on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 7 (2023 - 7 ) .

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Freehold Portable Plant and
property buildings machinery
£ £ £
COST
At 1 September 2023 261,301 69,671 55,016
Additions - - 1,658
Disposals - - -
At 31 August 2024 261,301 69,671 56,674
DEPRECIATION
At 1 September 2023 - 68,760 45,732
Charge for year - 300 1,709
Eliminated on disposal - - -
At 31 August 2024 - 69,060 47,441
NET BOOK VALUE
At 31 August 2024 261,301 611 9,233
At 31 August 2023 261,301 911 9,284

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 September 2023 900 1,186,831 4,945 1,578,664
Additions - 82,300 - 83,958
Disposals - (317,348 ) - (317,348 )
At 31 August 2024 900 951,783 4,945 1,345,274
DEPRECIATION
At 1 September 2023 899 792,099 4,862 912,352
Charge for year - 100,779 79 102,867
Eliminated on disposal - (297,117 ) - (297,117 )
At 31 August 2024 899 595,761 4,941 718,102
NET BOOK VALUE
At 31 August 2024 1 356,022 4 627,172
At 31 August 2023 1 394,732 83 666,312

Included in cost of land and buildings is freehold land of £ 261,301 (2023 - £ 261,301 ) which is not depreciated.

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 120,601 92,588
Other debtors 16,500 -
VAT - 1,329
Prepayments 6,445 4,668
143,546 98,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 5,603 23,109
Tax 63,380 6,219
Social security and other taxes 3,721 (8,163 )
VAT 18,589 -
Proposed dividends - 1,000
Other creditors 5,962 5,962
Accrued expenses 13,943 10,868
111,198 38,995

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 91,468 98,945

Deferred tax
£
Balance at 1 September 2023 98,945
Unused amounts reversed during year (7,477 )
Balance at 31 August 2024 91,468

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£

At 1 September 2023 1,100,724
Profit for the year 167,709
Dividends (64,000 )
At 31 August 2024 1,204,433

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. ULTIMATE CONTROLLING PARTY

The directors are deemed to control the company by virtue of their shareholdings.