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Registered number: 10157188

AM MACHINING LTD

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
VICTOR STEWART

AM MACHINING LTD

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
MR M SELWAY
MR A BUTCHER
REGISTERED OFFICE
UNIT 3E1
SHARLANDS ROAD INDUSTRIAL PARK
FAREHAM
PO14 1RD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10157188
ACCOUNTANTS
VICTOR STEWART

AM MACHINING LTD

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AM MACHINING LTD

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2146,120182,787
CURRENT ASSETS
Stock18,00022,500
Debtors482,933137,456
Cash at bank and in hand30,853102,847
131,786262,803
CREDITORS: Amounts falling due within one year5170,496240,586
NET CURRENT (LIABILITIES) / ASSETS(38,710)22,217
TOTAL ASSETS LESS CURRENT LIABILITIES107,410205,004
CREDITORS: Amounts falling due after more than one year650,01492,576
NET ASSETS57,396112,428
CAPITAL AND RESERVES
Called up share capital8102102
Profit and loss account57,294112,326
SHAREHOLDERS' FUNDS57,396112,428
For the year ending 30/09/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/03/2025 and signed on their behalf by
.............................
MR M SELWAY
Director

AM MACHINING LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25 %
Equipmentreducing balance 10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

AM MACHINING LTD

2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/10/2023339,2618,359347,620
At 30/09/2024339,2618,359347,620
Depreciation
At 01/10/2023160,6104,223164,833
For the year36,25341436,667
At 30/09/2024196,8634,637201,500
Net Book Amounts
At 30/09/2024142,3983,722146,120
At 30/09/2023178,6514,136182,787
There are numerous machines all depreciated over their useful lives at 25% RB
However the machine addition during 30.09.2022 is to be depreciated using the straight line method over a period of 7 years and pro rated per month.
3. STOCK 20242023
££
Stock comprises:
Stock12,00015,000
Work in progress6,0007,500
18,00022,500
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors70,370127,285
Other debtors2,288-
Amounts due from group companies2,0002,000
Prepayments8,2758,171
82,933137,456

AM MACHINING LTD

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax14,17056,802
VAT15,69323,796
Directors current account1,71521,684
Directors current account2,68222,651
Bank Loan10,64810,648
Loans-13,500
Loans34,35634,843
Trade creditors58,6539,059
Other creditors8,4702,099
Pension schemes24,10945,504
170,496240,586
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr50,01492,576
50,01492,576
7. EMPLOYEES
20242023
No.No.
Average number of employees53
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
1 Class 2 shares of £1 each11
1 Class 3 shares of £1 each11
102102

AM MACHINING LTD

9. RELATED PARTY TRANSACTIONS
During the period the company did not sell any assets (2023: £40800) to AM Machining Group Limited.
The company was charged rent during the period by AM Machining Group Limited to the value of £90,000 (2023: £25500). The company owed £51,750 (2023: £23460) as at the balance sheet date.
AM Machining Group Limited is jointly owned by Mr Mark Selway and Mr Anthony Butcher, who are also sole shareholders.