Company registration number 04891913 (England and Wales)
A.M.T. Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
A.M.T. Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
A.M.T. Ltd
Statement of financial position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
25,000
30,000
Tangible assets
4
18,781
8,891
43,781
38,891
Current assets
Stocks
80,028
82,943
Debtors
94,231
81,575
Cash at bank and in hand
6,339
6,531
180,598
171,049
Creditors: amounts falling due within one year
(236,946)
(185,192)
Net current liabilities
(56,348)
(14,143)
Total assets less current liabilities
(12,567)
24,748
Creditors: amounts falling due after more than one year
(7,750)
(17,749)
Net (liabilities)/assets
(20,317)
6,999
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(20,319)
6,997
Total equity
(20,317)
6,999
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
A.M.T. Ltd
Statement of financial position (continued)
as at 30 September 2024
- 2 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 March 2025 and are signed on its behalf by:
J Greenwood
Director
Company Registration No. 04891913
A.M.T. Ltd
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the supply of goods and services.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Stocks
Stocks are stated at the lower of cost and net realisable value.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
4
A.M.T. Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 4 -
3
Intangible fixed assets
Total
£
Cost
At 1 October 2023 and 30 September 2024
50,000
Amortisation and impairment
At 1 October 2023
20,000
Amortisation charged for the year
5,000
At 30 September 2024
25,000
Carrying amount
At 30 September 2024
25,000
At 30 September 2023
30,000
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
76,719
16,995
93,714
Additions
3,195
9,500
12,695
At 30 September 2024
79,914
26,495
106,409
Depreciation and impairment
At 1 October 2023
67,921
16,902
84,823
Depreciation charged in the year
2,198
607
2,805
At 30 September 2024
70,119
17,509
87,628
Carrying amount
At 30 September 2024
9,795
8,986
18,781
At 30 September 2023
8,798
93
8,891
5
Company information
A.M.T. Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Calder Road, Ravensthorpe, Dewsbury, West Yorkshire, WF13 3JT.