Company registration number 09750640 (England and Wales)
AM Services (WY) Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2024
PAGES FOR FILING WITH REGISTRAR
AM Services (WY) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
AM Services (WY) Ltd
Statement Of Financial Position
as at 31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,470
2,205
Tangible assets
4
26,333
22,877
27,803
25,082
Current assets
Stocks
12,000
6,500
Debtors
16,290
23,132
Cash at bank and in hand
-
0
34
28,290
29,666
Creditors: amounts falling due within one year
(31,419)
(19,381)
Net current (liabilities)/assets
(3,129)
10,285
Total assets less current liabilities
24,674
35,367
Creditors: amounts falling due after more than one year
(10,684)
(14,630)
Net assets
13,990
20,737
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
13,988
20,735
Total equity
13,990
20,737
AM Services (WY) Ltd
Statement Of Financial Position (continued)
as at 31 October 2024
- 2 -

For the financial year ended 31 October 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 July 2025 and are signed on its behalf by:
A Mohan
Director
Company registration number 09750640 (England and Wales)
AM Services (WY) Ltd
Notes to the financial statements
for the year ended 31 October 2024
- 3 -
1
Accounting policies
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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
30% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

AM Services (WY) Ltd
Notes to the financial statements (continued)
for the year ended 31 October 2024
- 4 -
2
Employees

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

2024
2023
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023 and 31 October 2024
3,675
Amortisation and impairment
At 1 November 2023
1,470
Amortisation charged for the year
735
At 31 October 2024
2,205
Carrying amount
At 31 October 2024
1,470
At 31 October 2023
2,205
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2023
7,660
4,391
2,348
27,982
42,381
Additions
-
0
-
0
11,250
-
0
11,250
At 31 October 2024
7,660
4,391
13,598
27,982
53,631
Depreciation and impairment
At 1 November 2023
4,582
2,952
1,343
10,627
19,504
Depreciation charged in the year
616
288
2,551
4,339
7,794
At 31 October 2024
5,198
3,240
3,894
14,966
27,298
Carrying amount
At 31 October 2024
2,462
1,151
9,704
13,016
26,333
At 31 October 2023
3,078
1,439
1,005
17,355
22,877
5
Company information

AM Services (WY) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12B RCM Business Centre, Sandbeds Trading Estate, Ossett, West Yorkshire, WF5 9ND.

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