Registered number
14967823
A & M Business Services Ltd
Filleted Accounts
30 June 2024
A & M Business Services Ltd
Registered number: 14967823
Balance Sheet
as at 30 June 2024
Notes 2024
£
Fixed assets
Tangible assets 3 784
Current assets
Cash at bank and in hand 2,700
Creditors: amounts falling due within one year 4 (777)
Net current assets 1,923
Total assets less current liabilities 2,707
Creditors: amounts falling due after more than one year 5 (2,534)
Net assets 173
Capital and reserves
Called up share capital 100
Profit and loss account 73
Shareholders' funds 173
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rizwan Ullah
Director
Approved by the board on 30 August 2024
A & M Business Services Ltd
Notes to the Accounts
for the period from 28 June 2023 to 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 YEARS STRAIGHT LINE
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 980
At 30 June 2024 980
Depreciation
Charge for the period 196
At 30 June 2024 196
Net book value
At 30 June 2024 784
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 109
Other creditors 668
777
5 Creditors: amounts falling due after one year 2024
£
Loan from Director 2,534
6 Other information
A & M Business Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Aston Court
Kingmead Business Park
High Wycombe
Bucks
HP11 1JU
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