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REGISTERED NUMBER: 05194334















Financial Statements for the Year Ended 31 December 2024

for

AMG FINANCIAL SOLUTIONS LIMITED

AMG FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05194334)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

AMG FINANCIAL SOLUTIONS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A M Goodwin
H J Long





SECRETARY:





REGISTERED OFFICE: Suite B
Eden Point
Three Acres Lane
Cheadle
Cheshire
SK8 6RL





REGISTERED NUMBER: 05194334





ACCOUNTANTS: Breakspear's
19 Park Lane
Poynton
Stockport
Cheshire
SK12 1RD

AMG FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05194334)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 44,954 46,632

CURRENT ASSETS
Debtors 5 191,675 205,180
Cash at bank and in hand 157,611 177,907
349,286 383,087
CREDITORS
Amounts falling due within one year 6 138,900 186,340
NET CURRENT ASSETS 210,386 196,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,340

243,379

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 254,339 242,378
SHAREHOLDERS' FUNDS 255,340 243,379

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

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

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 31 January 2025 and were signed on its behalf by:





A M Goodwin - Director


AMG FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05194334)

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

1. STATUTORY INFORMATION

AMG Financial Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

AMG FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05194334)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 65,855
Additions 2,855
At 31 December 2024 68,710
DEPRECIATION
At 1 January 2024 19,223
Charge for year 4,533
At 31 December 2024 23,756
NET BOOK VALUE
At 31 December 2024 44,954
At 31 December 2023 46,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,032 432
Other debtors 185,643 204,748
191,675 205,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,547 38,546
Trade creditors 2,678 7,985
Taxation and social security 33,540 33,738
Other creditors 69,135 106,071
138,900 186,340

AMG FINANCIAL SOLUTIONS LIMITED

Report of the Accountants to the Directors of
AMG Financial Solutions 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Breakspear's
19 Park Lane
Poynton
Stockport
Cheshire
SK12 1RD


3 February 2025