REGISTERED NUMBER: 01412282 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

AMG North Weald Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J J E Smith

J H Atwell (Junior)

G D Gillard

SECRETARY:

Ms J J E Smith

REGISTERED OFFICE:

No 3 Building

North Weald Airfield

North Weald

Essex

CM16 6HR

REGISTERED NUMBER:

01412282 (England and Wales)

ACCOUNTANTS:

Fredericks Limited

Chartered Accountants

106 Charter Avenue

Ilford

Essex

IG2 7AD

BANKERS:

H S B C Bank plc

34 Broad Walk

Harlow

Essex

CM20 1JA

SOLICITORS:

Foskett, Marr, Gadsby, Head

181 High Street

Epping

Essex

CM16 4BQ

FIXED ASSETS

Intangible assets

4

50,116

62,645

Tangible assets

5

109,621

119,132

Investments

6

100

100

159,837

181,877

CURRENT ASSETS

Debtors

240,710

259,795

Cash at bank

780,338

733,849

1,021,048

993,644

CREDITORS

Amounts falling due within one year

240,222

263,388

NET CURRENT ASSETS

780,826

730,256

TOTAL ASSETS LESS CURRENT LIABILITIES

940,663

912,133

PROVISIONS FOR LIABILITIES

7

24,000

26,000

NET ASSETS

916,663

886,133

CAPITAL AND RESERVES

Called up share capital

8

31,000

31,000

Retained earnings

885,663

855,133

SHAREHOLDERS' FUNDS

916,663

886,133

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 August 2025 and were signed on its behalf by:

G D Gillard - Director

Ms J J E Smith - Director

1.	STATUTORY INFORMATION

AMG North Weald Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Preparation of consolidated financial statements

The financial statements contain information about AMG North Weald Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill acquired is amortised over the expected useful life of 25 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Lorries and vans

-

25% on reducing balance

Fixtures and fittings

-

15 to 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Trailers

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiaries are stated at cost less impairment.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2023 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

313,224

AMORTISATION

At 1 January 2024

250,579

Amortisation for year

12,529

At 31 December 2024

263,108

NET BOOK VALUE

At 31 December 2024

50,116

At 31 December 2023

62,645

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

399,886

Additions

21,989

Disposals

(35,760

)

At 31 December 2024

386,115

DEPRECIATION

At 1 January 2024

280,754

Charge for year

28,459

Eliminated on disposal

(32,719

)

At 31 December 2024

276,494

NET BOOK VALUE

At 31 December 2024

109,621

At 31 December 2023

119,132

6.	FIXED ASSET INVESTMENTS

The Company owns 100% of the issued capital of AMG Logistics Solutions Ltd, a dormant company company registered in England and Wales.The value of the investment is stated at cost of £100 (2023 £100).

The Company also owns 100% of the issued share capital of AMG Interfreight Ltd, a dormant company company registered in England and Wales.The value of the investment is stated at cost of £Nil (2023 £Nil).

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

24,000

26,000

Deferred

tax

£

Balance at 1 January 2024

26,000

Timing differences

(2,000

)

Change in taxation rate

Balance at 31 December 2024

24,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

27,000

A Ordinary

£1.00

27,000

27,000

4,000

B Ordinary

£1.00

4,000

4,000

31,000

31,000

The B Ordinary shares of £1.00 each have different rights to the A Ordinary shares in that they shall confer no right to vote at general meetings of the company but shall rank pari passu with the A Ordinary shares in the event of a capital distribution or winding up of the company.

9.	RELATED PARTY DISCLOSURES

The company was under the control of J H Atwell and G D Gillard during the year.

During the year charges of £128,700 (2023 : £124,323) were incurred from A.M.G. Warehousing Limited, a company in which J H Atwell and G D Gillard are directors and have material interest.The sum of Nil (2023 £Nil) was accrued at the year end.

The company charged A.M.G. Warehousing Limited the sum of £30,000 in respect of property management charges (2023: £30,000).The balances outstanding at the year end were £Nil (2023 : £Nil). .

The directors consider that the above transactions have been carried out at arms length and at market value.