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Company Registration No. 15527942 (England and Wales)
AM CONTRACTS LTD Unaudited accounts for the year ended 28 February 2025
AM CONTRACTS LTD Unaudited accounts Contents
Page
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AM CONTRACTS LTD Company Information for the year ended 28 February 2025
Directors
Mr Adam James Mr Mark Mills
Company Number
15527942 (England and Wales)
Registered Office
NADDERBROOK HOUSE NADDERWATER EXETER DEVON EX4 2JH ENGLAND
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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AM CONTRACTS LTD Statement of financial position as at 28 February 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
22,662 
Current assets
Debtors
14,177 
Cash at bank and in hand
9,784 
23,961 
Creditors: amounts falling due within one year
(17,785)
Net current assets
6,176 
Total assets less current liabilities
28,838 
Provisions for liabilities
Deferred tax
(522)
Net assets
28,316 
Capital and reserves
Called up share capital
2 
Profit and loss account
28,314 
Shareholders' funds
28,316 
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 8 March 2025 and were signed on its behalf by
Mr Mark Mills Director Company Registration No. 15527942
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AM CONTRACTS LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
AM CONTRACTS LTD is a private company, limited by shares, registered in England and Wales, registration number 15527942. The registered office is NADDERBROOK HOUSE, NADDERWATER, EXETER, DEVON, EX4 2JH, ENGLAND.
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
20% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2024
- 
Additions
28,327 
At 28 February 2025
28,327 
Depreciation
Charge for the year
5,665 
At 28 February 2025
5,665 
Net book value
At 28 February 2025
22,662 
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AM CONTRACTS LTD Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
£ 
Amounts falling due within one year
VAT
3,285 
Trade debtors
2,216 
Other debtors
8,676 
14,177 
6
Creditors: amounts falling due within one year
2025 
£ 
Trade creditors
693 
Taxes and social security
6,588 
Loans from directors
9,704 
Accruals
800 
17,785 
7
Average number of employees
During the year the average number of employees was 2.
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