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COMPANY REGISTRATION NUMBER: 06054410

AMG Southern Services Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

AMG Southern Services Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 142,170 | 149,086

Current assets

Stocks | 3,500 |  | 72,250
Debtors | 6 | 226,281 |  | 323,750
Cash at bank and in hand | 94,944 |  | 114,031
| --------- |  | ---------
| 324,725 |  | 510,031

Creditors: amounts falling due within one year | 7 | 575,792 |  | 804,204
| --------- |  | ---------
Net current liabilities |  | 251,067 | 294,173
|  | --------- | ---------
Total assets less current liabilities |  | ( 108,897) | ( 145,087)

Creditors: amounts falling due after more than one year | 8 |  | 39,724 | 21,926

Provisions

Taxation including deferred tax |  | 14,888 | 763
|  | --------- | ---------
Net liabilities |  | ( 163,509) | ( 167,776)
|  | --------- | ---------

AMG Southern Services Limited

Statement of Financial Position (continued)

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Profit and loss account |  | ( 164,509) | ( 168,776)
|  | --------- | ---------
Shareholders deficit |  | ( 163,509) | ( 167,776)
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 November 2025 , and are signed on behalf of the board by:

G Hall |
Director |

Company registration number: 06054410

AMG Southern Services Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bailey's Barn, Bullocks Lane, Bishop's Stortford, Essex, CM22 6TA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company continues to be loss making and has an overdrawn Balance Sheet. It retains the support of the director and shareholders and for this reason the financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There were no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. There are no material adjustments included in the accounts for the year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property | - | Straight line over the remaining lease period
| Plant & machinery | - | 25% reducing balance
| Fixtures & fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2023: 67 ).
5. Tangible assets

| Leasehold improvements | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2024 | 51,800 | 222,894 | 70,038 | 341,850 | 686,582
Additions | – | 5,870 | 5,256 | 64,516 | 75,642
Disposals | ( 51,800) | ( 121,220) | ( 65,246) | ( 110,595) | ( 348,861)
| -------- | --------- | -------- | --------- | ---------
At 31 December 2024 | – | 107,544 | 10,048 | 295,771 | 413,363
| -------- | --------- | -------- | --------- | ---------
Depreciation |  |  |  |  |
At 1 January 2024 | 51,800 | 172,995 | 55,953 | 256,748 | 537,496
Charge for the year | – | 10,887 | 1,493 | 30,113 | 42,493
Disposals | ( 51,800) | ( 110,637) | ( 54,307) | ( 92,052) | ( 308,796)
| -------- | --------- | -------- | --------- | ---------
At 31 December 2024 | – | 73,245 | 3,139 | 194,809 | 271,193
| -------- | --------- | -------- | --------- | ---------
Carrying amount |  |  |  |  |
At 31 December 2024 | – | 34,299 | 6,909 | 100,962 | 142,170
| -------- | --------- | -------- | --------- | ---------
At 31 December 2023 | – | 49,899 | 14,085 | 85,102 | 149,086
| -------- | --------- | -------- | --------- | ---------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 128,756 | 110,634
Other debtors | 97,525 | 213,116
| --------- | ---------
| 226,281 | 323,750
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 321,387 | 502,316
Social security and other taxes | 79,648 | 181,019
Other creditors | 174,757 | 120,869
| --------- | ---------
| 575,792 | 804,204
| --------- | ---------

Included in other creditors are hire purchase agreements which are secured against the assets to which they relate.
8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Other creditors | 39,724 | 21,926
| -------- | --------

Included in other creditors are hire purchase agreements which are secured against the assets to which they relate.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 | 2023
| £ | £
Not later than 1 year | 20,100 | 26,217
Later than 1 year and not later than 5 years | 21,775 | –
| -------- | --------
| 41,875 | 26,217
| -------- | --------

10. Director's advances, credits and guarantees
During the period the company advanced the director funds totalling £2,195. The director repaid £nil. At the end of the year the director owed the company £ 18,909 (2023 - £16,714). Interest has been charged at a rate of 2.25% and the loan is repayable on demand.