Company Registration No. 15527942 (England and Wales)
AM CONTRACTS LTD
Unaudited accounts
for the year ended 28 February 2026
AM CONTRACTS LTD
Unaudited accounts
Contents
AM CONTRACTS LTD
Company Information
for the year ended 28 February 2026
Directors
Mr Adam James
Mr Mark Mills
Company Number
15527942 (England and Wales)
Registered Office
NADDERBROOK HOUSE
NADDERWATER
EXETER
DEVON
EX4 2JH
ENGLAND
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
AM CONTRACTS LTD
Statement of financial position
as at 28 February 2026
Tangible assets
84,643
22,662
Cash at bank and in hand
2,743
9,784
Creditors: amounts falling due within one year
(24,297)
(17,784)
Net current (liabilities)/assets
(16,761)
6,177
Total assets less current liabilities
67,882
28,839
Creditors: amounts falling due after more than one year
(40,228)
-
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
26,060
28,315
Shareholders' funds
26,062
28,317
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by
Mr Mark Mills
Director
Company Registration No. 15527942
AM CONTRACTS LTD
Notes to the Accounts
for the year ended 28 February 2026
AM CONTRACTS LTD is a private company, limited by shares, registered in England and Wales, registration number 15527942. The registered office is NADDERBROOK HOUSE, NADDERWATER, EXETER, DEVON, EX4 2JH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2025
28,327
-
28,327
Additions
28,045
55,096
83,141
At 28 February 2026
56,372
55,096
111,468
At 1 March 2025
5,665
-
5,665
Charge for the year
10,141
11,019
21,160
At 28 February 2026
15,806
11,019
26,825
At 28 February 2026
40,566
44,077
84,643
At 28 February 2025
22,662
-
22,662
AM CONTRACTS LTD
Notes to the Accounts
for the year ended 28 February 2026
Amounts falling due within one year
Accrued income and prepayments
953
-
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
9,906
-
Taxes and social security
(7,701)
6,588
Loans from directors
17,630
9,703
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
40,228
-
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).