IRIS Accounts Production v24.3.2.46 14308069 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143080692023-06-30143080692024-06-30143080692023-07-012024-06-30143080692022-08-18143080692022-08-192023-06-30143080692023-06-3014308069ns15:EnglandWales2023-07-012024-06-3014308069ns14:PoundSterling2023-07-012024-06-3014308069ns10:Director12023-07-012024-06-3014308069ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3014308069ns10:SmallEntities2023-07-012024-06-3014308069ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3014308069ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3014308069ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3014308069ns10:FullAccounts2023-07-012024-06-3014308069ns10:OrdinaryShareClass12023-07-012024-06-3014308069ns10:Director22023-07-012024-06-3014308069ns10:RegisteredOffice2023-07-012024-06-3014308069ns5:CurrentFinancialInstruments2024-06-3014308069ns5:CurrentFinancialInstruments2023-06-3014308069ns5:Non-currentFinancialInstruments2024-06-3014308069ns5:Non-currentFinancialInstruments2023-06-3014308069ns5:ShareCapital2024-06-3014308069ns5:ShareCapital2023-06-3014308069ns5:RetainedEarningsAccumulatedLosses2024-06-3014308069ns5:RetainedEarningsAccumulatedLosses2023-06-3014308069ns5:LandBuildings2023-06-3014308069ns5:LandBuildings2023-07-012024-06-3014308069ns5:LandBuildings2024-06-3014308069ns5:LandBuildings2023-06-3014308069ns5:CostValuation2023-06-3014308069ns5:AdditionsToInvestments2024-06-3014308069ns5:CostValuation2024-06-3014308069ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3014308069ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3014308069ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 14308069 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

AMS Build Group Ltd

AMS Build Group Ltd (Registered number: 14308069)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMS Build Group Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A L Sullivan
M D E Sullivan





REGISTERED OFFICE: LBP House
Exchange Road
Lincoln
LN6 3JZ





REGISTERED NUMBER: 14308069 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

AMS Build Group Ltd (Registered number: 14308069)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 930,983 55,061
Investments 5 600,100 600,000
1,531,083 655,061

CURRENT ASSETS
Debtors 6 333,992 199,000
Cash at bank 1,151,213 35,000
1,485,205 234,000
CREDITORS
Amounts falling due within one year 7 1,000,487 123,045
NET CURRENT ASSETS 484,718 110,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,015,801

766,016

CREDITORS
Amounts falling due after more than one
year

8

843,591

450,000
NET ASSETS 1,172,210 316,016

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,172,110 315,916
SHAREHOLDERS' FUNDS 1,172,210 316,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





M D E Sullivan - Director


AMS Build Group Ltd (Registered number: 14308069)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

AMS Build Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

As the previous period for which accounts were prepared was fewer than twelve months long, the comparative information presented is not directly comparable with the current period results.

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.

Tangible fixed assets
Tangible fixed assets consist of land and buildings, which are not depreciated.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

AMS Build Group Ltd (Registered number: 14308069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023 55,061
Additions 875,922
At 30 June 2024 930,983
NET BOOK VALUE
At 30 June 2024 930,983
At 30 June 2023 55,061

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 600,000
Additions 100
At 30 June 2024 600,100
NET BOOK VALUE
At 30 June 2024 600,100
At 30 June 2023 600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 321,602 199,000
Other debtors 12,390 -
333,992 199,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,498 -
Trade creditors 4,944 -
Amounts owed to group undertakings 860,000 -
Other creditors 123,045 123,045
1,000,487 123,045

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 513,591 -
Other creditors 330,000 450,000
843,591 450,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 453,235 -

AMS Build Group Ltd (Registered number: 14308069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 526,089 -

The mortgage, included within bank loans, is secured against the property to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100