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REGISTERED NUMBER: 04768197 (England and Wales)


















AMS 1520 Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






AMS 1520 Limited (Registered number: 04768197)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMS 1520 Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr D Mottram





REGISTERED OFFICE: Delta 606
Delta Office Park
Welton Road
Swindon
Wiltshire
SN5 7XF





REGISTERED NUMBER: 04768197 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

AMS 1520 Limited (Registered number: 04768197)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2 2

CURRENT ASSETS
Debtors 5 93,670 94,305
Cash at bank 3,006 274
96,676 94,579
CREDITORS
Amounts falling due within one year 6 (95,618 ) (90,355 )
NET CURRENT ASSETS 1,058 4,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060

4,226

CREDITORS
Amounts falling due after more than one
year

7

(6,518

)

(10,703

)
NET LIABILITIES (5,458 ) (6,477 )

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings (5,478 ) (6,497 )
SHAREHOLDERS' FUNDS (5,458 ) (6,477 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

AMS 1520 Limited (Registered number: 04768197)

Balance Sheet - continued
31 May 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 26 February 2025 and were signed by:





Mr D Mottram - Director


AMS 1520 Limited (Registered number: 04768197)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

AMS 1520 Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 155
DEPRECIATION
At 1 June 2023
and 31 May 2024 153
NET BOOK VALUE
At 31 May 2024 2
At 31 May 2023 2

AMS 1520 Limited (Registered number: 04768197)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 93,670 94,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,435 5,199
Trade creditors 112 -
Taxation and social security 89,071 85,085
Other creditors - 71
95,618 90,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,518 10,703

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
19 Ordinary A £1 19 19
1 Ordinary B £1 1 1
20 20

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr D Mottram
Balance outstanding at start of year 70,375 76,545
Amounts repaid (2,176 ) (6,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,199 70,375