Company Registration No. 12529287 (England and Wales)
A M P Locum Services Ltd
Unaudited Financial Statements
for the year ended 31 March 2024
A M P Locum Services Ltd
Unaudited Financial Statements
Contents
A M P Locum Services Ltd
Company Information
for the year ended 31 March 2024
Directors
A M Patel
A R Hardy
Company Number
12529287 (England and Wales)
Registered Office
47 Exmouth Street
Cheltenham
Gloucestershire
GL53 7NR
England
Accountants
HJB Accountancy
123 Badminton Road
Downend
Bristol
BS16 6NE
A M P Locum Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
2,380
2,800
Cash at bank and in hand
9,714
87
Creditors: amounts falling due within one year
(11,788)
(7,352)
Net current liabilities
(227)
(972)
Total assets less current liabilities
2,153
1,828
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
701
296
Shareholders' funds
1,701
1,296
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
A M Patel
Director
Company Registration No. 12529287
A M P Locum Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
A M P Locum Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12529287. The registered office is 47 Exmouth Street, Cheltenham, Gloucestershire, GL53 7NR, England.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued by the Financial Reporting Council.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation and functional currency
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.
The functional currency of A M P Locum Services Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A M P Locum Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% - Reducing balance basis
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
A M P Locum Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
850
555
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,951
6,159
Loans from directors
4,781
443
Allotted, called up and fully paid:
700 Ordinary A shares of £1 each
700
700
300 Ordinary B shares of £1 each
300
300
8
Transactions with related parties
During the year the directors received dividends totalling £24,625 (2023: £28,000).
At the yearend, the company owed the directors £4,781 (2023: £443). The loans are interest-free and there is no fixed date for repayment.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).