1 December 2023 false Taxfiler 2024.6 15322407business:PrivateLimitedCompanyLtd2023-12-012024-12-31 153224072023-11-30 153224072023-12-012024-12-31 15322407business:AuditExemptWithAccountantsReport2023-12-012024-12-31 15322407business:FilletedAccounts2023-12-012024-12-31 153224072024-12-31 15322407business:Director12023-12-012024-12-31 15322407business:RegisteredOffice2023-12-012024-12-31 15322407core:WithinOneYear2024-12-31 15322407core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 15322407core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 15322407core:PreviouslyStatedAmount2024-12-31 15322407business:SmallEntities2023-12-012024-12-31 15322407countries:EnglandWales2023-12-012024-12-31 15322407core:PlantMachinery2023-12-012024-12-31 15322407core:FurnitureFittings2023-12-012024-12-31 15322407core:ComputerEquipment2023-12-012024-12-31 15322407core:PlantMachinery2023-11-30 15322407core:FurnitureFittings2023-11-30 15322407core:ComputerEquipment2023-11-30 15322407core:PlantMachinery2024-12-31 15322407core:FurnitureFittings2024-12-31 15322407core:ComputerEquipment2024-12-31 15322407core:AcceleratedTaxDepreciationDeferredTax2024-12-31 15322407business:OrdinaryShareClass12023-12-012024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 15322407 (England and Wales)
AMS Cost Services Limited Unaudited accounts for the period from 1 December 2023 to 31 December 2024
AMS Cost Services Limited Unaudited accounts Contents
Page
- 2 -
AMS Cost Services Limited Company Information for the period from 1 December 2023 to 31 December 2024
Director
Alexander Mark Summers
Company Number
15322407 (England and Wales)
Registered Office
51 Wilmslow Road Cheadle Cheshire SK8 1HG England
Accountants
SJM Accounting Services 51 Wilmslow Road Cheadle Stockport Cheshire SK8 1HG
- 3 -
AMS Cost Services Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
21,013 
Current assets
Debtors
11,880 
Cash at bank and in hand
77,814 
89,694 
Creditors: amounts falling due within one year
(29,879)
Net current assets
59,815 
Total assets less current liabilities
80,828 
Provisions for liabilities
Deferred tax
(5,068)
Net assets
75,760 
Capital and reserves
Called up share capital
10 
Profit and loss account
75,750 
Shareholders' funds
75,760 
For the period ending 31 December 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 director acknowledges his 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 and authorised for issue on 4 February 2025 and were signed on its behalf by
Alexander Mark Summers Director Company Registration No. 15322407
- 4 -
AMS Cost Services Limited Notes to the Accounts for the period from 1 December 2023 to 31 December 2024
1
Statutory information
AMS Cost Services Limited is a private company, limited by shares, registered in England and Wales, registration number 15322407. The registered office is 51 Wilmslow Road, Cheadle, Cheshire, SK8 1HG, England. The principal place of business is 5 Well Brae, Portlethen, Aberdeen, Aberdeenshire, AB12 4WX, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
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 accounts. 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.
- 5 -
AMS Cost Services Limited Notes to the Accounts for the period from 1 December 2023 to 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
- 
- 
- 
- 
Additions
25,416 
80 
2,836 
28,332 
At 31 December 2024
25,416 
80 
2,836 
28,332 
Depreciation
Charge for the period
6,354 
20 
945 
7,319 
At 31 December 2024
6,354 
20 
945 
7,319 
Net book value
At 31 December 2024
19,062 
60 
1,891 
21,013 
5
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
11,880 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
7,760 
Taxes and social security
20,597 
Loans from directors
722 
Accruals
800 
29,879 
7
Deferred taxation
2024 
£ 
Accelerated capital allowances
5,068 
2024 
£ 
Charged to the profit and loss account
5,068 
Provision at end of period
5,068 
8
Share capital
2024 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
Shares issued during the period:
10 Ordinary shares of £1 each
10 
- 6 -
AMS Cost Services Limited Notes to the Accounts for the period from 1 December 2023 to 31 December 2024
9
Average number of employees
During the period the average number of employees was 0.
- 7 -