American Specialists Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03682749

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,793		11,718

			9,793		11,718
CURRENT ASSETS
Debtors	5	492,507		540,370
Cash at bank and in hand		33,506		9,494

		526,013		549,864
Creditors: Amounts Falling Due Within One Year	6	(585,168 )		(607,939 )

NET CURRENT ASSETS (LIABILITIES)			(59,155 )		(58,075 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,362 )		(46,357 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(5,833 )

NET LIABILITIES			(49,362 )		(52,190 )

CAPITAL AND RESERVES
Called up share capital	10		297,365		297,365
Profit and Loss Account			(346,727 )		(349,555 )

SHAREHOLDERS' FUNDS			(49,362)		(52,190)

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American Specialists Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

H J Waterhouse

Director

22 April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

American Specialists Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03682749 . The registered office is 1 Mesne Lea Road, Worsley, Manchester, Lancashire, M28 7EU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. As the director will continue to make funds

available to the company in future, he believes that the going concern basis is appropriate for these financial statements.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable in respect of comissions earned by the company in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. Turnover is recognised on the date of booking. On cancellation of a booking the commission value is removed from turnover and replaced with the value of any non refundable deposit lost by the customer.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Motor Vehicles	25% on net book value
Property improvements	10% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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American Specialists Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Property improvements	Total
	£	£	£	£
Cost
As at 1 December 2024	27,440	20,833	26,000	74,273
Additions	1,340	-	-	1,340
Disposals	-	-	(26,000 )	(26,000 )

As at 30 November 2025	28,780	20,833	-	49,613

Depreciation
As at 1 December 2024	27,440	9,115	26,000	62,555
Provided during the period	335	2,930	-	3,265
Disposals	-	-	(26,000 )	(26,000 )

As at 30 November 2025	27,775	12,045	-	39,820

Net Book Value
As at 30 November 2025	1,005	8,788	-	9,793

As at 1 December 2024	-	11,718	-	11,718

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	448,397	432,193
Other debtors	44,110	108,177

	492,507	540,370

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	8,878
Trade creditors	542,444	516,988
Bank loans and overdrafts	37,500	51,667
Other creditors	5,224	30,406

	585,168	607,939

Deed of charge

A deed of charge is held by Barclays Bank PLC over amounts deposited with the bank in respect of any monies becoming due to the bank.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	5,833

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American Specialists Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Secured Creditors

Of the following creditors,the hire purchase contract is secured over the asset in which is relates to and the bank loan is personally secured by the director H Waterhouse.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	8,878
Bank loans and overdrafts	37,500	41,667

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	8,878
Later than one year and not later than five years	-	-

	-	8,878

	-	8,878

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	297,365	297,365

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Heath Waterhouse	104,382	36,220	(104,382 )	-	36,220

The above loan is unsecured, repayable on demand and has interest charged at a rate of 2.25% to 5 April 2025 and 3.75% from 6 April 2025.

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