AMS Group (London) Limited
Registered number: 11922942
Statement of Financial Position
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 161 215
Current assets
Debtors 4 111,335 120,678
Cash at bank and in hand 10,393 12,465
121,728 133,143
Creditors: amounts falling due within one year 5 (103,089) (111,150)
Net current assets 18,639 21,993
Total assets less current liabilities 18,800 22,208
Creditors: amounts falling due after more than one year 6 (18,700) (22,108)
Net assets 100 100
Capital and reserves
Called up share capital 100 100
Profit and loss account - -
Shareholders' funds 100 100
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 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.
Andrew Sheppard
Director
Approved by the board on 20 January 2025
AMS Group (London) Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 rendering of services. 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:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction 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 and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 677
At 30 April 2024 677
Depreciation
At 1 May 2023 462
Charge for the year 54
At 30 April 2024 516
Net book value
At 30 April 2024 161
At 30 April 2023 215
4 Debtors 2024 2023
£ £
Other debtors 111,335 120,678
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,408 3,323
Trade creditors 408 189
Accruals 1,350 1,115
Corporation tax 89,308 62,041
Other taxes and social security costs 8,436 44,213
Other creditors 179 269
103,089 111,150
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,700 22,108
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andrew Sheppard
Repayable on demand 101,048 - 23,028 78,020
101,048 - 23,028 78,020
8 Other information
AMS Group (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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