Company Registration No. 14964484 (England and Wales)
Ams Commercials Limited
Unaudited accounts
for the year ended 30 June 2024
Ams Commercials Limited
Unaudited accounts
Contents
Ams Commercials Limited
Company Information
for the year ended 30 June 2024
Directors
Ann Smith
Peter Shane Smith
Company Number
14964484 (England and Wales)
Registered Office
11 Parc Y Garreg
Kidwelly
SA17 4PU
Wales
Accountants
Ann Stephens & Co
The Lodge
Allensbank
Narberth
Pembs
SA67 8RF
Ams Commercials Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
13,380
Creditors: amounts falling due within one year
(246,573)
Net current liabilities
(42,362)
Total assets less current liabilities
77,553
Creditors: amounts falling due after more than one year
(10,027)
Profit and loss account
67,526
Shareholders' funds
67,526
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
Peter Shane Smith
Director
Company Registration No. 14964484
Ams Commercials Limited
Notes to the Accounts
for the year ended 30 June 2024
Ams Commercials Limited is a private company, limited by shares, registered in England and Wales, registration number 14964484. The registered office is 11 Parc Y Garreg, Kidwelly, SA17 4PU, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on cost
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
25% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Ams Commercials Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
Additions
5,982
24,442
89,415
6,577
126,416
At 30 June 2024
5,982
24,442
89,415
6,577
126,416
Charge for the year
100
1,447
4,406
548
6,501
At 30 June 2024
100
1,447
4,406
548
6,501
At 30 June 2024
5,882
22,995
85,009
6,029
119,915
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Taxes and social security
35,933
Loans from directors
8,933
7
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
10,027
8
Average number of employees
During the year the average number of employees was 8.