REGISTERED NUMBER: SC521663 (Scotland)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

AMK MECHANICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A McKenna

REGISTERED OFFICE:

Sinclair Building

18-20 Eagle Street

Glasgow

G4 9XA

REGISTERED NUMBER:

SC521663 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

67,587

68,134

CURRENT ASSETS

Stocks

5

18,882

113,994

Debtors

6

176,327

294,448

Cash at bank and in hand

13,735

1,878

208,944

410,320

CREDITORS

Amounts falling due within one year

7

(147,124

)

(330,356

)

NET CURRENT ASSETS

61,820

79,964

TOTAL ASSETS LESS CURRENT LIABILITIES

129,407

148,098

CREDITORS

Amounts falling due after more than one year

8

(29,185

)

(29,289

)

NET ASSETS

100,222

118,809

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

100,122

118,709

SHAREHOLDERS' FUNDS

100,222

118,809

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 director acknowledges his 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 director and authorised for issue on 25 September 2025 and were signed by:

J A McKenna - Director

1.	STATUTORY INFORMATION

AMK Mechanical Services Limited is a private company, limited by shares , registered in Scotland. 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.

Motor vehicles

-

25% on reducing balance

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 their present location and condition.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 NIL (2023 - 9 ).

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

125,957

2,071

128,028

Additions

24,970

-

24,970

Disposals

(14,395

)

-

(14,395

)

At 31 December 2024

136,532

2,071

138,603

DEPRECIATION

At 1 January 2024

59,557

337

59,894

Charge for year

22,095

433

22,528

Eliminated on disposal

(11,406

)

-

(11,406

)

At 31 December 2024

70,246

770

71,016

NET BOOK VALUE

At 31 December 2024

66,286

1,301

67,587

At 31 December 2023

66,400

1,734

68,134

5.

STOCKS

2024

2023

£

£

Work-in-progress

18,882

113,994

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

35,706

130,489

Other debtors

140,621

152,774

VAT

-

11,185

176,327

294,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

18,333

25,000

Hire purchase contracts

13,118

11,296

Trade creditors

82,616

133,577

Tax

5,613

9,648

Social security and other taxes

323

15,396

VAT

16,099

-

Other creditors

3,617

4,393

Directors' current accounts

2,621

20,816

Accruals and deferred income

-

105,446

Accrued expenses

4,784

4,784

147,124

330,356

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

29,185

29,289

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A McKenna.