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REGISTERED NUMBER: 05530299 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

AMI MARINE LIMITED

AMI MARINE LIMITED (Registered number: 05530299)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMI MARINE LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J P Cox
M P Cox
G R Wilkinson
C Weir





SECRETARY: G R Wilkinson





REGISTERED OFFICE: Pickwick House
Bunces Lane
Burghfield Common
Reading
Berkshire
RG7 3DL





REGISTERED NUMBER: 05530299 (England and Wales)





ACCOUNTANTS: Geoff Wilkinson ACA
Pickwick House
Bunces Lane
Burghfield Common
Reading
Berkshire
RG7 3DL

AMI MARINE LIMITED (Registered number: 05530299)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,065 154

CURRENT ASSETS
Stocks 264,387 264,387
Debtors 5 59,857 58,899
Cash at bank 60,089 103,939
384,333 427,225
CREDITORS
Amounts falling due within one year 6 215,109 211,365
NET CURRENT ASSETS 169,224 215,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,289

216,014

CREDITORS
Amounts falling due after more than
one year

7

6,928

17,504
NET ASSETS 164,361 198,510

AMI MARINE LIMITED (Registered number: 05530299)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 60 75
Capital redemption reserve 8 (45,935 ) (28,709 )
Retained earnings 8 210,236 227,144
SHAREHOLDERS' FUNDS 164,361 198,510

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





M P Cox - Director


AMI MARINE LIMITED (Registered number: 05530299)

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

1. STATUTORY INFORMATION

AMI MARINE 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.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current or deferred 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.


AMI MARINE LIMITED (Registered number: 05530299)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 10,936
Additions 2,670
At 31 August 2024 13,606
DEPRECIATION
At 1 September 2023 10,782
Charge for year 759
At 31 August 2024 11,541
NET BOOK VALUE
At 31 August 2024 2,065
At 31 August 2023 154

AMI MARINE LIMITED (Registered number: 05530299)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 39,063 49,422
Other debtors 20,794 9,477
59,857 58,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 170,741 185,962
Taxation and social security 996 -
Other creditors 33,372 15,403
215,109 211,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,928 17,504

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 September 2023 227,144 (28,709 ) 198,435
Profit for the year 16,392 16,392
Dividends (33,300 ) (33,300 )
Purchase of own shares - (17,226 ) (17,226 )
At 31 August 2024 210,236 (45,935 ) 164,301