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REGISTERED NUMBER: 03171386 (England and Wales)















A.M. DOORS LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

A.M. DOORS LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs L A Smith
P R Harris
A Smith





SECRETARY: Mrs L A Smith





REGISTERED OFFICE: Unit 7 Block E
Torbay Business Park
Woodview Road
Paignton
Devon
TQ4 7HP





REGISTERED NUMBER: 03171386 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,800 30,400
Tangible assets 5 12,445 12,429
35,245 42,829

CURRENT ASSETS
Stocks 61,500 59,500
Debtors 6 64,639 72,512
126,139 132,012
CREDITORS
Amounts falling due within one year 7 404,782 328,208
NET CURRENT LIABILITIES (278,643 ) (196,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(243,398

)

(153,367

)

CREDITORS
Amounts falling due after more than one
year

8

48,889

76,798
NET LIABILITIES (292,287 ) (230,165 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (292,289 ) (230,167 )
(292,287 ) (230,165 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Balance Sheet - continued
31 May 2024


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 27 March 2025 and were signed on its behalf by:





Mrs L A Smith - Director


A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

A.M. Doors Limited 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of the assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is recognised when goods are physically delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Product development costs are being amortised evenly over its estimated useful life of five years.

System development costs are being amortised evenly over its estimated useful life of five years.

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 - Straight line over 8 years
Fixtures and fittings - 25% straight line and Straight line over 8 years
Motor vehicles - 20% on cost and Straight line over 3 years
Computer equipment - 25% on cost and Straight line over 2 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Bank loans; and
- Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS 102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 38,000
AMORTISATION
At 1 June 2023 7,600
Charge for year 7,600
At 31 May 2024 15,200
NET BOOK VALUE
At 31 May 2024 22,800
At 31 May 2023 30,400

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 9,927 19,104 14,951 6,472 50,454
Additions 1,357 1,667 - - 3,024
At 31 May 2024 11,284 20,771 14,951 6,472 53,478
DEPRECIATION
At 1 June 2023 4,616 16,063 12,079 5,267 38,025
Charge for year 1,410 567 660 371 3,008
At 31 May 2024 6,026 16,630 12,739 5,638 41,033
NET BOOK VALUE
At 31 May 2024 5,258 4,141 2,212 834 12,445
At 31 May 2023 5,311 3,041 2,872 1,205 12,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 51,966 67,877
Other debtors 8,762 295
Prepayments and accrued income 3,911 4,340
64,639 72,512

A.M. DOORS LIMITED (REGISTERED NUMBER: 03171386)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 58,593 64,177
Trade creditors 63,510 42,749
Amounts owed to group undertakings 244,196 21,000
Social security and other taxes 17,797 16,686
Other creditors 2,377 1,643
Directors' current accounts 10,150 172,546
Accrued expenses 8,159 9,407
404,782 328,208

The directors' do not intend to withdraw their support for the foreseeable future.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 26,667 37,909
Bank loans - 2-5 years 22,222 38,889
48,889 76,798

9. SECURED DEBTS

A debenture dated 8 November 2004 in favour of National Westminster Bank PLC, including fixed and floating charges over the undertaking and all property and assets present and future. This is in relation to all monies due or to become due from the company to the chargee on any account whatsoever.

10. GOING CONCERN

The financial statements have been prepared on a going concern basis on the understanding that there is support from the parent undertaking and that the parent company loan account will not be withdrawn to the detriment of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A.M. Doors Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.M. Doors Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A.M. Doors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.M. Doors Limited and state those matters that we have agreed to state to the Board of Directors of A.M. Doors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.M. Doors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.M. Doors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A.M. Doors Limited. You consider that A.M. Doors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.M. Doors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


27 March 2025