IRIS Accounts Production v24.3.2.46 NI036812 Board of Directors 1.9.23 31.8.24 31.8.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0368122023-08-31NI0368122024-08-31NI0368122023-09-012024-08-31NI0368122022-08-31NI0368122022-09-012023-08-31NI0368122023-08-31NI036812ns15:NorthernIreland2023-09-012024-08-31NI036812ns14:PoundSterling2023-09-012024-08-31NI036812ns10:Director12023-09-012024-08-31NI036812ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31NI036812ns10:SmallEntities2023-09-012024-08-31NI036812ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31NI036812ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31NI036812ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31NI036812ns10:FullAccounts2023-09-012024-08-31NI036812ns10:Director22023-09-012024-08-31NI036812ns10:RegisteredOffice2023-09-012024-08-31NI036812ns5:CurrentFinancialInstruments2024-08-31NI036812ns5:CurrentFinancialInstruments2023-08-31NI036812ns5:ShareCapital2024-08-31NI036812ns5:ShareCapital2023-08-31NI036812ns5:RetainedEarningsAccumulatedLosses2024-08-31NI036812ns5:RetainedEarningsAccumulatedLosses2023-08-31NI036812ns5:PlantMachinery2023-09-012024-08-31NI036812ns5:MotorVehicles2023-09-012024-08-31NI036812ns5:ComputerEquipment2023-09-012024-08-31NI036812ns5:PlantMachinery2023-08-31NI036812ns5:MotorVehicles2023-08-31NI036812ns5:ComputerEquipment2023-08-31NI036812ns5:PlantMachinery2024-08-31NI036812ns5:MotorVehicles2024-08-31NI036812ns5:ComputerEquipment2024-08-31NI036812ns5:PlantMachinery2023-08-31NI036812ns5:MotorVehicles2023-08-31NI036812ns5:ComputerEquipment2023-08-31NI036812ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31NI036812ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: NI036812 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

AMUSEMENT SALES & SERVICE LTD

AMUSEMENT SALES & SERVICE LTD (REGISTERED NUMBER: NI036812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AMUSEMENT SALES & SERVICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P Byrne
P McKeown





REGISTERED OFFICE: Unit 3
Stockmans Way
Belfast
BT7 7ET





REGISTERED NUMBER: NI036812 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

AMUSEMENT SALES & SERVICE LTD (REGISTERED NUMBER: NI036812)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,239 3,446

CURRENT ASSETS
Stocks 17,450 22,000
Debtors 5 57,179 36,483
Cash at bank 629,913 645,036
704,542 703,519
CREDITORS
Amounts falling due within one year 6 27,599 29,762
NET CURRENT ASSETS 676,943 673,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

682,182

677,203

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 682,180 677,201
SHAREHOLDERS' FUNDS 682,182 677,203

AMUSEMENT SALES & SERVICE LTD (REGISTERED NUMBER: NI036812)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





P Byrne - Director


AMUSEMENT SALES & SERVICE LTD (REGISTERED NUMBER: NI036812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Amusement Sales & Service Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Consider the valuation of stock and the requirement for write down provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience and knowledge of the sector. Stock identified as impaired will be written down in value in the relevant period.

The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.


AMUSEMENT SALES & SERVICE LTD (REGISTERED NUMBER: NI036812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.

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 year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 15,798 14,600 2,437 32,835
Additions - - 2,487 2,487
At 31 August 2024 15,798 14,600 4,924 35,322
DEPRECIATION
At 1 September 2023 14,945 12,926 1,518 29,389
Charge for year 128 335 231 694
At 31 August 2024 15,073 13,261 1,749 30,083
NET BOOK VALUE
At 31 August 2024 725 1,339 3,175 5,239
At 31 August 2023 853 1,674 919 3,446

AMUSEMENT SALES & SERVICE LTD (REGISTERED NUMBER: NI036812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 50,193 34,089
Other debtors 6,986 2,394
57,179 36,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 13,673 10,905
Taxation and social security 1,279 6,445
Other creditors 12,647 12,412
27,599 29,762