Company registration number 10822477 (England and Wales)
AMM CONSULTANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
AMM CONSULTANTS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
AMM CONSULTANTS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R Merritt
Mrs A Merritt
Secretary
Mr R Merritt
Company number
10822477
Registered office
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
UK
SK4 2HD
Accountants
Xeinadin
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD
AMM CONSULTANTS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
6
541,165
214,192
Investments
5
3,112
3,112
544,277
217,304
Current assets
Debtors
7
1,047,942
999,247
Cash at bank and in hand
142
164
1,048,084
999,411
Creditors: amounts falling due within one year
8
(1,073,036)
(974,174)
Net current (liabilities)/assets
(24,952)
25,237
Total assets less current liabilities
519,325
242,541
Creditors: amounts falling due after more than one year
9
(354,635)
(128,021)
Provisions for liabilities
(102,821)
(40,696)
Net assets
61,869
73,824
Capital and reserves
Called up share capital
200
200
Share premium account
3,012
3,012
Profit and loss reserves
58,657
70,612
Total equity
61,869
73,824
AMM CONSULTANTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mr R Merritt
Director
Company registration number 10822477 (England and Wales)
AMM CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

AMM Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Riverside House, Kings Reach Business Park, Yew Street, Stockport, Cheshire, UK, SK4 2HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis.true

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% straight balance
Office equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

AMM CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

 

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

Deferred tax is Measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

AMM CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 6 -
1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Operating profit
2024
2023
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
40,149
22,254
4
Directors' remuneration
2024
2023
£
£
Remuneration paid to directors
31,688
31,688
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
3,112
3,112
AMM CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
6
Tangible fixed assets
Plant and equipment
Office equipment
Total
£
£
£
Cost
At 1 July 2023
251,244
9,347
260,591
Additions
367,122
-
0
367,122
At 30 June 2024
618,366
9,347
627,713
Depreciation and impairment
At 1 July 2023
39,583
6,817
46,399
Depreciation charged in the year
39,516
633
40,149
At 30 June 2024
79,099
7,450
86,548
Carrying amount
At 30 June 2024
539,267
1,897
541,165
At 30 June 2023
211,662
2,530
214,192

The net carrying value of tangible fixed assets includes £539,267 (2023: £211,662) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge for the year on these assets amounted to £39,516 (2023: £21,411).

7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,047,942
999,247
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,627
5,488
Trade creditors
120
120
Amounts due to related parties
799,047
713,711
Taxation and social security
91,307
190,874
Other creditors
176,935
63,981
1,073,036
974,174
AMM CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,752
11,379
Other creditors
348,883
116,642
354,635
128,021
10
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
158,496
45,530
In two to five years
348,883
116,642
507,379
162,172

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

11
Related party transactions

At the balance sheet date the amount owed to related parties was £799,047 (2023: £713,711). The balances are due within one year, repayable on demand and on an interest free basis.

12
Directors' transactions

At the balance sheet date, the directors loan account was overdrawn by £751,321 (2023: £751,749). The amount is due within one year, repayable on demand and on an interest free basis.

13
Control

The company is controlled by the directors by virtue of their shareholdings.

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