Registration number: 04455557

AMPM247.com Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

AMPM247.com Ltd

Company Information

Directors

Mr D A R Heaton Mr J T Barnfield

Registered office

Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

Accountants

Regulatory Accounting Ltd T/A Optimum Professional Services Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

AMPM247.com Ltd

(Registration number: 04455557)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	70,091	31,725
Current assets
Stocks	5	185,000	258,000
Debtors	6	370,341	625,748
Cash at bank and in hand		242,060	110,791
		797,401	994,539
Creditors: Amounts falling due within one year	7	(623,823)	(793,347)
Net current assets		173,578	201,192
Total assets less current liabilities		243,669	232,917
Creditors: Amounts falling due after more than one year	7	(29,733)	(30,057)
Provisions for liabilities		(19,054)	(5,781)
Net assets		194,882	197,079
Capital and reserves
Called up share capital		1	1
Capital redemption reserve		2	2
Retained earnings		194,879	197,076
Shareholders' funds		194,882	197,079

AMPM247.com Ltd

(Registration number: 04455557)
Balance Sheet as at 31 December 2024

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

......................................... Mr D A R Heaton Director

......................................... Mr J T Barnfield Director

AMPM247.com Ltd

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

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The presentation currency of the financial statements is the Pound Sterling (£).

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

These financial statements were authorised for issue by the Board on 24 June 2025.

The principal place of business is:
The Site
24 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT
England

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 projects are completed or for long term projects when milestones are met.

AMPM247.com Ltd

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

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 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on cost
Motor Vehicles	25% on cost
Office equipment	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to theri present location and condition.

AMPM247.com Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably. Where materials, provisions are calculated on a discounted basis,

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

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.

AMPM247.com Ltd

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

Financial instruments

Classification
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2023 - 24).

AMPM247.com Ltd

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	35,977	203,874	62,330	302,181
Additions	4,570	46,411	-	50,981
Disposals	-	(22,440)	-	(22,440)
At 31 December 2024	40,547	227,845	62,330	330,722
Depreciation
At 1 January 2024	30,917	179,014	60,525	270,456
Charge for the year	2,788	8,625	1,202	12,615
Eliminated on disposal	-	(22,440)	-	(22,440)
At 31 December 2024	33,705	165,199	61,727	260,631
Carrying amount
At 31 December 2024	6,842	62,646	603	70,091
At 31 December 2023	5,060	24,860	1,805	31,725

5

stocks

	2024 £	2023 £
Work in progress	185,000	258,000

6

Debtors

Current	2024 £	2023 £
Trade debtors	312,735	596,637
Prepayments	46,106	17,611
Other debtors	11,500	11,500
	370,341	625,748

AMPM247.com Ltd

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	41,931	61,835
Trade creditors		368,084	359,624
Taxation and social security		133,838	257,223
Accruals and deferred income		51,632	86,989
Other creditors		28,338	27,676
		623,823	793,347

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	29,733	30,057

8	Secured Debts

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	30,057
Hire purchase contracts	29,733	-
	29,733	30,057

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	27,027	61,835
Hire purchase contracts	14,904	-
	41,931	61,835

The company has a debenture with Virgin Money, with the amount secured being all monies due or to become due from the company to the chargee on any account whatsoever. The debenture contains fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital buildings, fixtures and fixed plant and machinery.

AMPM247.com Ltd

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

9	Related party transactions

Directors' advances, credits and guarantees

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr D A R Heaton
Net movements	10,330	(7,000)	5,316	8,646
Mr J T Barnfield
Net movments	6,183	(4,000)	5,312	7,495

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Mr D A R Heaton
Net movements	11,778	(7,000)	5,552	10,330
Mr J T Barnfield
Net movments	10,871	(10,000)	5,312	6,183

There is no interest accruing and the balance due to the directors is repayable on demand.