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REGISTERED NUMBER: SC186011 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

AMI Contracts Ltd.

AMI Contracts Ltd. (Registered number: SC186011)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMI Contracts Ltd.

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Archibald McIntyre
Sandra McIntyre





SECRETARY: Sandra McIntyre





REGISTERED OFFICE: 2 MacDowall Street
Paisley
Renfrewshire
PA3 2NB





REGISTERED NUMBER: SC186011 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

AMI Contracts Ltd. (Registered number: SC186011)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,313 5,690

CURRENT ASSETS
Debtors 5 58,021 53,845
Cash at bank 48 102
58,069 53,947
CREDITORS
Amounts falling due within one year 6 3,336 3,836
NET CURRENT ASSETS 54,733 50,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,046

55,801

PROVISIONS FOR LIABILITIES 7 819 1,081
NET ASSETS 58,227 54,720

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 58,127 54,620
SHAREHOLDERS' FUNDS 58,227 54,720

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

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

AMI Contracts Ltd. (Registered number: SC186011)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

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





Archibald McIntyre - Director


AMI Contracts Ltd. (Registered number: SC186011)

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

1. STATUTORY INFORMATION

AMI Contracts Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, and adjusted for work in progress.


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
Fittings and equipment - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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

AMI Contracts Ltd. (Registered number: SC186011)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fittings
Plant and and
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 18,966 8,288 27,254
Disposals (1,675 ) (50 ) (1,725 )
At 31 October 2024 17,291 8,238 25,529
DEPRECIATION
At 1 November 2023 15,778 5,786 21,564
Charge for year 475 643 1,118
Eliminated on disposal (1,416 ) (50 ) (1,466 )
At 31 October 2024 14,837 6,379 21,216
NET BOOK VALUE
At 31 October 2024 2,454 1,859 4,313
At 31 October 2023 3,188 2,502 5,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,920 1,920
Other debtors 56,101 51,925
58,021 53,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 500
Taxation and social security 1,404 1,404
Other creditors 1,932 1,932
3,336 3,836

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 819 1,081

AMI Contracts Ltd. (Registered number: SC186011)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 1,081
Credit to Statement of Income and Retained Earnings during year (262 )
Balance at 31 October 2024 819

8. CALLED UP SHARE CAPITAL

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

9. RELATED PARTY DISCLOSURES

The director A Mcintyre owns 100% of a related company, A McIntyre Joinery Ltd, with whom the
company trades on normal commercial terms. The company had sales to A McIntyre Joinery Ltd
during the year of £2,400 (2023 £2,400) and purchases of £nil (2023 £nil) The amount due from A
McIntyre Joinery Ltd at the year end amounted to £37,051 (2023 £34,171).

The director A McIntyre owns 51% of a related company Ecosse Doors Ltd. The company had sales
to Ecosse Doors Ltd during the year of £4,000 (2023 £4,000) and purchases from Ecosse Doors Ltd of
£ Nil (2023 Nil). The amount due from Ecosse Doors Ltd at the year end amounted to £18,776 (2023
£17,464).

The company occupies premises owned by A McIntyre at an annual rental of £500.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the director Mr A McIntyre.