AMS (Doonans) Ltd 15294625 false 2023-11-20 2024-04-30 2024-04-30 The principal activity of the company is the supply of concrete and aggregate services. Digita Accounts Production Advanced 6.30.9574.0 true true 15294625 2023-11-20 2024-04-30 15294625 2024-04-30 15294625 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 15294625 core:CurrentFinancialInstruments 2024-04-30 15294625 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 15294625 core:Goodwill 2024-04-30 15294625 core:FurnitureFittingsToolsEquipment 2024-04-30 15294625 bus:SmallEntities 2023-11-20 2024-04-30 15294625 bus:Audited 2023-11-20 2024-04-30 15294625 bus:FullAccounts 2023-11-20 2024-04-30 15294625 bus:SmallCompaniesRegimeForAccounts 2023-11-20 2024-04-30 15294625 bus:RegisteredOffice 2023-11-20 2024-04-30 15294625 bus:Chairman 2023-11-20 2024-04-30 15294625 bus:Director1 2023-11-20 2024-04-30 15294625 bus:Director2 2023-11-20 2024-04-30 15294625 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-11-20 2024-04-30 15294625 bus:PrivateLimitedCompanyLtd 2023-11-20 2024-04-30 15294625 bus:Agent1 2023-11-20 2024-04-30 15294625 core:Goodwill 2023-11-20 2024-04-30 15294625 core:FurnitureFittings 2023-11-20 2024-04-30 15294625 core:FurnitureFittingsToolsEquipment 2023-11-20 2024-04-30 15294625 core:OfficeEquipment 2023-11-20 2024-04-30 15294625 1 2023-11-20 2024-04-30 15294625 countries:England 2023-11-20 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15294625

AMS (Doonans) Ltd

Annual Report and Financial Statements

for the Period from 20 November 2023 to 30 April 2024

 

AMS (Doonans) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

AMS (Doonans) Ltd

Company Information

Chairman

Mr I Mariner

Directors

Mr J Howarth

Mr S Mariner

Registered office

Unit 26-28 Thorne Way
Woolsbridge Industrial Estate
Three Legged Cross
Wimborne
Dorset
BH21 6FB

Accountants

Elysium
Chartered Accountants Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

Auditors

Ward Goodman Audit Services Limited 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

 

AMS (Doonans) Ltd

(Registration number: 15294625)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Intangible assets

5

513,333

Tangible assets

6

8,542

 

521,875

Current assets

 

Stocks

7

34,007

Debtors

8

298,537

Cash at bank and in hand

 

33,315

 

365,859

Creditors: Amounts falling due within one year

9

(960,942)

Net current liabilities

 

(595,083)

Net liabilities

 

(73,208)

Capital and reserves

 

Called up share capital

10

100

Retained earnings

(73,308)

Shareholders' deficit

 

(73,208)


These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mr I Mariner
Chairman

 

AMS (Doonans) Ltd

Notes to the Financial Statements for the Period from 20 November 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 26-28 Thorne Way
Woolsbridge Industrial Estate
Three Legged Cross
Wimborne
Dorset
BH21 6FB

These financial statements were authorised for issue by the Board on 22 January 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Name of parent of group

These financial statements are consolidated in the financial statements of Avon Material Supplies (Holdings) Limited.

The financial statements of Avon Material Supplies (Holdings) Limited may be obtained from Unit 26-28 Thorne Way, Woolsbridge Industrial Estate, Three Legged Cross, Wimborne, Dorset, BH21 7UH.

 

AMS (Doonans) Ltd

Notes to the Financial Statements for the Period from 20 November 2023 to 30 April 2024

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 22 January 2025 was Mr I Rodd BSc FCA FCCA, who signed for and on behalf of Ward Goodman Audit Services Limited.

 

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line over 2 years

Fixtures and fittings

Straight line over 2 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

AMS (Doonans) Ltd

Notes to the Financial Statements for the Period from 20 November 2023 to 30 April 2024

Asset class

Amortisation method and rate

Goodwill

Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

AMS (Doonans) Ltd

Notes to the Financial Statements for the Period from 20 November 2023 to 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

1,709

Amortisation expense

36,666

 

AMS (Doonans) Ltd

Notes to the Financial Statements for the Period from 20 November 2023 to 30 April 2024

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

550,000

550,000

At 30 April 2024

550,000

550,000

Amortisation

Amortisation charge

36,667

36,667

At 30 April 2024

36,667

36,667

Carrying amount

At 30 April 2024

513,333

513,333

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

10,250

10,250

At 30 April 2024

10,250

10,250

Depreciation

Charge for the period

1,708

1,708

At 30 April 2024

1,708

1,708

Carrying amount

At 30 April 2024

8,542

8,542

7

Stocks

2024
£

Other inventories

34,007

8

Debtors

 

AMS (Doonans) Ltd

Notes to the Financial Statements for the Period from 20 November 2023 to 30 April 2024

Current

2024
£

Trade debtors

291,166

Prepayments

7,371

 

298,537

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

174,540

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

758,641

Taxation and social security

 

27,371

Other creditors

 

390

 

960,942

10

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary £1 of £1 each

100

100

   

11

Related party transactions

Parent and subsidiary transactions:

The company is a qualifying entity for the purposes of Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland", being a member of a group where the parent of that group prepares publicly available consolidated financial statements. The company has therefore taken advantage of exemptions from disclosure of related party transactions with its parent company and fellow wholly owned subsidiaries.

12

Parent and ultimate parent undertaking

The company's immediate parent is Avon Material Supplies (Holdings) Limited, incorporated in United Kingdom.