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REGISTERED NUMBER: 14217028 (England and Wales)














A M ELECTRICAL SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






A M ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 14217028)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A M ELECTRICAL SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: A M Hamill





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 14217028 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

A M ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 14217028)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,515 5,979

CURRENT ASSETS
Debtors 6 2,863 4,312
Cash at bank 22,139 16,900
25,002 21,212
CREDITORS
Amounts falling due within one year 7 27,741 25,874
NET CURRENT LIABILITIES (2,739 ) (4,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,776

1,317

PROVISIONS FOR LIABILITIES 858 1,136
NET ASSETS 918 181

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1 1
Retained earnings 917 180
SHAREHOLDERS' FUNDS 918 181

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

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

The director acknowledges his 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 ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 14217028)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





A M Hamill - Director


A M ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 14217028)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

A M Electrical Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

A M ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 14217028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 658 7,000 351 8,009
Additions - - 133 133
At 31 July 2024 658 7,000 484 8,142
DEPRECIATION
At 1 August 2023 164 1,750 116 2,030
Charge for year 124 1,313 160 1,597
At 31 July 2024 288 3,063 276 3,627
NET BOOK VALUE
At 31 July 2024 370 3,937 208 4,515
At 31 July 2023 494 5,250 235 5,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,221 -
Other debtors 1,642 4,312
2,863 4,312

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,782 1,001
Taxation and social security 6,787 2,077
Other creditors 19,172 22,796
27,741 25,874

8. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the financial year, brought forward loans in aggregate of £3,709 were repaid to the director. The balance owed to the director at the year end was £17,437.