22 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC100586 2024-01-01 2024-12-31 SC100586 2024-12-31 SC100586 2023-12-31 SC100586 2023-01-01 2023-12-31 SC100586 2023-12-31 SC100586 2022-12-31 SC100586 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC100586 bus:Director2 2024-01-01 2024-12-31 SC100586 core:WithinOneYear 2024-12-31 SC100586 core:WithinOneYear 2023-12-31 SC100586 core:PlantMachinery 2023-12-31 SC100586 core:PlantMachinery 2024-12-31 SC100586 core:PlantMachinery 2024-01-01 2024-12-31 SC100586 core:AfterOneYear 2024-12-31 SC100586 core:AfterOneYear 2023-12-31 SC100586 core:ShareCapital 2024-12-31 SC100586 core:ShareCapital 2023-12-31 SC100586 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC100586 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC100586 core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 SC100586 core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 SC100586 core:TaxLossesCarry-forwardsDeferredTax 2023-12-31 SC100586 core:PlantMachinery 2023-12-31 SC100586 bus:SmallEntities 2024-01-01 2024-12-31 SC100586 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC100586 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC100586 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC100586 bus:FullAccounts 2024-01-01 2024-12-31 SC100586 bus:OrdinaryShareClass1 2024-12-31 SC100586 bus:OrdinaryShareClass1 2023-12-31 SC100586 core:FurnitureFittingsToolsEquipment 2023-12-31 SC100586 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 SC100586 core:FurnitureFittingsToolsEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: SC100586
AMA Construction (Edinburgh) Limited
Filleted Unaudited Financial Statements
31 December 2024
AMA Construction (Edinburgh) Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
75,369
83,860
Current assets
Debtors
6
4,847,972
4,180,228
Cash at bank and in hand
17,830
416,950
------------
------------
4,865,802
4,597,178
Creditors: amounts falling due within one year
7
3,831,943
3,590,904
------------
------------
Net current assets
1,033,859
1,006,274
------------
------------
Total assets less current liabilities
1,109,228
1,090,134
Creditors: amounts falling due after more than one year
8
27,492
46,899
Provisions
18,843
15,845
------------
------------
Net assets
1,062,893
1,027,390
------------
------------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
1,062,793
1,027,290
------------
------------
Shareholders funds
1,062,893
1,027,390
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
AMA Construction (Edinburgh) Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 9 June 2025 , and are signed on behalf of the board by:
A.B. Afshar
Director
Company registration number: SC100586
AMA Construction (Edinburgh) Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland ( SC100586 ). The address of the registered office is 15 Coates Crescent, Edinburgh, EH3 7AF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The directors have made the following estimates in the process of applying the entity's accounting policies:- - depreciation - residual value and economic life
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for construction services, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10 years straight line
Equipment
-
3 years straight line in equal monthly instalments
following the month of acquisition
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash and short term highly liquid investments. Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 22 (2023: 26 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 January 2024
86,250
27,336
113,586
Additions
1,290
1,290
--------
--------
---------
At 31 December 2024
86,250
28,626
114,876
--------
--------
---------
Depreciation
At 1 January 2024
4,313
25,413
29,726
Charge for the year
8,625
1,156
9,781
--------
--------
---------
At 31 December 2024
12,938
26,569
39,507
--------
--------
---------
Carrying amount
At 31 December 2024
73,312
2,057
75,369
--------
--------
---------
At 31 December 2023
81,937
1,923
83,860
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
3,544,409
2,720,554
Prepayments and accrued income
95,324
28,875
Other debtors
1,208,239
1,430,799
------------
------------
4,847,972
4,180,228
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,614,439
2,326,686
Accruals and deferred income
879,205
1,018,347
Corporation tax
8,838
15,286
Social security and other taxes
217,421
204,440
Obligations under finance leases and hire purchase contracts
19,406
19,406
Other creditors
92,634
6,739
------------
------------
3,831,943
3,590,904
------------
------------
2024
2023
£
£
Secured creditors
19,406
19,406
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
27,492
46,899
--------
--------
2024
2023
£
£
Secured creditors
27,492
46,899
--------
--------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
18,843
15,845
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
18,843
20,965
Unused tax losses
( 5,120)
--------
--------
18,843
15,845
--------
--------
10. Financial instruments
All financial instruments are basic financial instruments.
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
12. Related party transactions
Turnover consists of construction services to connected companies. Trade debtors primarily consist of sums due from connected companies. Included in other debtors is the sum of £192,276 (2022 - £192,276) due by the firm of AMA Building Design and Development. Two of the directors of the company are partners in that partnership. This loan is interest free and repayable upon demand. Also included in other debtors is the sum of £945,550 (2023 £1,166,550) due by AMA (Tor 1) Ltd. Two of the directors of the company are also directors of AMA (Tor 1) Ltd. This loan is interest free and repayable upon demand. Included in other creditors is the sum of £90,144 (2023 - £nil) due to AMA (New Town) Ltd. Two of the directors of the company are also directors of AMA (New Town) Ltd. This loan is interest free and repayable upon demand. AMA (New Town) Ltd recharged the company in respect of overheads including staff costs, premises cost and a share of central group costs amounting to £nil (2023 £314,681).