AM System Limited - Filleted accounts

Registered number

04627727

AM System Limited

Filleted Accounts

31 December 2025

AM System Limited
Registered number:		04627727
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,149,805			645,592

Current assets
Stocks		180,793			458,165
Debtors	4	939,505			920,825
Cash at bank and in hand		845,132			147,430
		1,965,430			1,526,420

Creditors: amounts falling due within one year	5	(2,194,939)			(1,418,052)

Net current (liabilities)/assets			(229,509)			108,368

Total assets less current liabilities			1,920,296			753,960

Creditors: amounts falling due after more than one year	6		(1,114,969)			(163,646)

Provisions for liabilities	8		(98,147)			-


Net assets			707,180			590,314

Capital and reserves
Called up share capital			100			100
Profit and loss account			707,080			590,214

Shareholders' funds			707,180			590,314

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C Henriksen
Director
Approved by the board on 12 June 2026

AM System Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Machinery			25% - 50% per annum
	Plant and machinery			20% - 30% per annum
	Motor Vehicles			25% - 50% per annum
	Leasehold Improvements			over the lease term

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					44		43


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	528,350		403,408		202,039		1,133,797
	Additions	1,600,853		46,885		-		1,647,738
	Disposals	(57,340)		(22,985)		(59,610)		(139,935)
	At 31 December 2025	2,071,863		427,308		142,429		2,641,600

	Depreciation
	At 1 January 2025	169,937		217,677		100,591		488,205
	Charge for the year	28,424		67,728		32,059		128,211
	On disposals	(57,339)		(22,144)		(45,138)		(124,621)
	At 31 December 2025	141,022		263,261		87,512		491,795

	Net book value
	At 31 December 2025	1,930,841		164,047		54,917		2,149,805
	At 31 December 2024	358,413		185,731		101,448		645,592


4	Debtors					2025		2024
£							£

	Trade debtors					810,362		781,855
	Other debtors					129,143		138,970
						939,505		920,825


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					428,021		-
	Obligations under finance lease and hire purchase contracts					45,004		-
	Trade creditors					588,568		430,509
	Taxation and social security costs					343,212		197,022
	Other creditors					790,134		790,521
						2,194,939		1,418,052


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,071,979		-
	Obligations under finance lease and hire purchase contracts					42,990		163,646
						1,114,969		163,646


7	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					340,423		-


	Secured bank loans					1,500,000		-

	Clydesdale Bank PLC (Trading as Virgin Money) holds a fixed and floating charge over all property or undertakings of the company.


8	Deferred Tax

	Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.


9	Controlling party

	There was no ultimate controlling party during the trading period


10	Other information

	AM System Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8 Watling Drive
	Hinckley
	Leicestershire
	LE10 3EY