REGISTERED NUMBER: NI625378 (Northern Ireland)

Financial Statements for the Year Ended 31 March 2025

for

Amco Supplies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Mark McAleer

Mrs Natascha McAleer

REGISTERED OFFICE:

82 Derry Road

Omagh

Co. Tyrone

BT78 5ED

REGISTERED NUMBER:

NI625378 (Northern Ireland)

ACCOUNTANTS:

Tyrone Accountancy Services

8-10 Church Street

Omagh

Co. Tyrone

BT78 1DG

FIXED ASSETS

Intangible assets

4

127,255

-

Tangible assets

5

111,927

114,657

239,182

114,657

CURRENT ASSETS

Stocks

99,605

92,406

Debtors

6

15,069

27,553

Cash at bank

170,687

350,206

285,361

470,165

CREDITORS

Amounts falling due within one year

7

324,112

319,111

NET CURRENT (LIABILITIES)/ASSETS

(38,751

)

151,054

TOTAL ASSETS LESS CURRENT LIABILITIES

200,431

265,711

CREDITORS

Amounts falling due after more than one year

8

(7,248

)

(62,246

)

PROVISIONS FOR LIABILITIES

(24,322

)

(24,594

)

NET ASSETS

168,861

178,871

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

168,859

178,869

168,861

178,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 8 December 2025 and were signed on its behalf by:

Mr Mark McAleer - Director

1.	STATUTORY INFORMATION

Amco Supplies Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Tangible fixed assets are originally stated at cost and are subsequently carried at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes any costs directly attributable to making the asset capable of operating as intended.

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

Plant and machinery - 20% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

188,046

-

188,046

Additions

-

140,053

140,053

At 31 March 2025

188,046

140,053

328,099

AMORTISATION

At 1 April 2024

188,046

-

188,046

Charge for year

-

12,798

12,798

At 31 March 2025

188,046

12,798

200,844

NET BOOK VALUE

At 31 March 2025

-

127,255

127,255

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

337,237

Additions

25,918

Disposals

(13,500

)

At 31 March 2025

349,655

DEPRECIATION

At 1 April 2024

222,580

Charge for year

21,736

Eliminated on disposal

(6,588

)

At 31 March 2025

237,728

NET BOOK VALUE

At 31 March 2025

111,927

At 31 March 2024

114,657

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,069

10,023

Other debtors

-

17,530

15,069

27,553

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

119,202

127,301

Taxation and social security

53,912

38,255

Other creditors

150,998

153,555

324,112

319,111

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

7,248

62,246