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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
Page
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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
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Ams Commercials Limited Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
119,915 
Current assets
Inventories
10,457 
Debtors
180,374 
Cash at bank and in hand
13,380 
204,211 
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)
Net assets
67,526 
Capital and reserves
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
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Ams Commercials Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Leased assets
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.
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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 
At 1 July 2023
- 
- 
- 
- 
- 
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 
Depreciation
Charge for the year
100 
1,447 
4,406 
548 
6,501 
At 30 June 2024
100 
1,447 
4,406 
548 
6,501 
Net book value
At 30 June 2024
5,882 
22,995 
85,009 
6,029 
119,915 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
180,374 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
46,854 
Trade creditors
145,953 
Taxes and social security
35,933 
Other creditors
800 
Loans from directors
8,933 
Accruals
8,100 
246,573 
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.
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