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REGISTERED NUMBER: 09662672 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 29 June 2024

for

A M Convenience (Wythall) Limited

A M Convenience (Wythall) Limited (Registered number: 09662672)

Contents of the Financial Statements
for the Period 1 July 2023 to 29 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A M Convenience (Wythall) Limited

Company Information
for the Period 1 July 2023 to 29 June 2024







DIRECTOR: Mr Kamaljit S Sanghera





REGISTERED OFFICE: 78 Hill Street City Centre
Birmingham
West Midlands
B5 4AH





REGISTERED NUMBER: 09662672 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

A M Convenience (Wythall) Limited (Registered number: 09662672)

Balance Sheet
29 June 2024

29.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 53,436 53,436
Tangible assets 5 212,679 170,400
266,115 223,836

CURRENT ASSETS
Stocks 89,500 49,905
Debtors 6 22,989 49,036
Cash at bank and in hand 45,016 92,797
157,505 191,738
CREDITORS
Amounts falling due within one year 7 (202,212 ) (280,108 )
NET CURRENT LIABILITIES (44,707 ) (88,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,408

135,466

PROVISIONS FOR LIABILITIES (30,211 ) (22,616 )
NET ASSETS 191,197 112,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 191,097 112,750
191,197 112,850

A M Convenience (Wythall) Limited (Registered number: 09662672)

Balance Sheet - continued
29 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 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.

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 director and authorised for issue on 17 March 2025 and were signed by:





Mr Kamaljit S Sanghera - Director


A M Convenience (Wythall) Limited (Registered number: 09662672)

Notes to the Financial Statements
for the Period 1 July 2023 to 29 June 2024


1. STATUTORY INFORMATION

A M Convenience (Wythall) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 period 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.


A M Convenience (Wythall) Limited (Registered number: 09662672)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 29 June 2024 53,436
NET BOOK VALUE
At 29 June 2024 53,436
At 30 June 2023 53,436

A M Convenience (Wythall) Limited (Registered number: 09662672)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 79,935 37,921 139,396 1,249 258,501
Additions 11,900 - 49,175 - 61,075
At 29 June 2024 91,835 37,921 188,571 1,249 319,576
DEPRECIATION
At 1 July 2023 - 19,587 67,967 547 88,101
Charge for period - 2,750 15,871 175 18,796
At 29 June 2024 - 22,337 83,838 722 106,897
NET BOOK VALUE
At 29 June 2024 91,835 15,584 104,733 527 212,679
At 30 June 2023 79,935 18,334 71,429 702 170,400

6. DEBTORS
29.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 12,324 -
Other debtors 10,665 47,418
22,989 47,418

Amounts falling due after more than one year:
Other debtors - 1,618

Aggregate amounts 22,989 49,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 30.6.23
£    £   
Trade creditors 64,327 143,574
Taxation and social security 19,766 10,033
Other creditors 118,119 126,501
202,212 280,108

A M Convenience (Wythall) Limited (Registered number: 09662672)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 29 June 2024


8. RELATED PARTY DISCLOSURES

Included in other creditors is the balance of £111,815.28 (2023 - 126,501.37) due to "West Midlands Convenience Stores Limited" (WMCS Ltd).

Mr. Kamaljit S Sanghera is the director and shareholder of WMCS Ltd as at 30 June 2024.

The amount is interest free and repayable on demand.