Assured Management Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in Scotland. Its registered office and registration number can be found on the Company Information page.

The principal place of business is:
69 Pettycur Road
Kinghorn
Fife
KY3 9RP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is sterling.

Revenue recognition

Turnover represents consultancy fees receivable, net of VAT, for services performed during the accounting period.

Tangible assets

Tangible assets are stated at historical cost less accumulated depreciation and accumulated impairment losses.

Depreciation

Depreciation is provided at rates calculated so as to write off the cost less residual value of each asset over its expected useful life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% per annum on a straight line basis
Office equipment	25% per annum on a straight line basis
Fixtures and fittings	20% per annum on a straight line basis

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Assured Management Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

Hire purchase and leasing

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. The capital element of the future payments is treated as a liability. The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. 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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 corporation 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 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.

Defined contribution pension obligation

The company operates a defined contribution plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Only the director participated in a scheme in previous years.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

Assured Management Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

4

Taxation

Tax (credited) / charged in the profit and loss account:	2025		2024
	£		£
UK corporation tax (credit) / charge	1,030		221
Deferred tax arising from origination and reversal of timing differences	(65)		(877)
Tax expense / (receipt) in the profit and loss account	965		(656)

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 May 2024	11,503	27,129	38,632
At 30 April 2025	11,503	27,129	38,632
Depreciation
At 1 May 2024	9,903	26,359	36,262
Charge for the year	1,035	230	1,265
At 30 April 2025	10,938	26,589	37,527
Carrying amount
At 30 April 2025	565	540	1,105
At 30 April 2024	1,600	770	2,370

6

Debtors

Current	2025 £	2024 £
Trade debtors	2,311	882
Prepayments	185	185
Other debtors	858	316
	3,354	1,383

Other debtors include a balance due to the company from the director. The loan is interest free and is payable on demand. Further details are provided at note 10.

Assured Management Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	-	2,768
Taxation and social security		3,681	3,971
Accruals and deferred income		2,640	2,622
		6,321	9,361

Creditors: amounts falling due after more than one year

2025 £

2024 £

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	2,768

9	Provisions for liabilities

	2025		2024
	£		£
Deferred tax: accelerated capital allowances	210		275
			Deferred tax
Balance at 1 May 2024			275
Charge / (credit) to P&L during the year			(65)
Balance at 30 April 2025			210

10	Related party transactions

Transactions with the director

2025	At 1 May 2024 £	Advances to director £	Repayments by director £	At 30 April 2025 £
Mr Craig George Somerville
	316	858	(316)	858

2024	At 1 May 2023 £	Advances to director £	Repayments by director £	At 30 April 2024 £
Mr Craig George Somerville
	200	316	(200)	316