REGISTERED NUMBER: 04152267 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Asset Management Services (UK) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R York

L Baldwin

REGISTERED OFFICE:

AMS Gloucester Auction Centre

Bristol Road

Gloucester

GL2 5DD

REGISTERED NUMBER:

04152267 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

Rotunda

Montpellier

Cheltenham

Gloucestershire

GL50 1SH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

172,266

183,254

172,266

183,254

CURRENT ASSETS

Stocks

168,995

150,499

Debtors

6

50,313

63,343

Cash at bank and in hand

43,464

285,965

262,772

499,807

CREDITORS

Amounts falling due within one year

7

261,589

408,893

NET CURRENT ASSETS

1,183

90,914

TOTAL ASSETS LESS CURRENT LIABILITIES

173,449

274,168

CREDITORS

Amounts falling due after more than one year

8

(30,842

)

(54,267

)

PROVISIONS FOR LIABILITIES

(43,066

)

(45,813

)

NET ASSETS

99,541

174,088

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

99,341

173,888

SHAREHOLDERS' FUNDS

99,541

174,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 July 2026 and were signed on its behalf by:

R York - Director

1.	STATUTORY INFORMATION

Asset Management Services (UK) Ltd is a private company, limited by shares , registered in England and Wales. 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 2001 has been amortised evenly over its estimated useful life of ten 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

Cost

At 1 January 2025

and 31 December 2025

3,000

1,550

4,550

Amortisation

At 1 January 2025

and 31 December 2025

3,000

1,550

4,550

Net book value

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 January 2025

362,875

154,327

517,202

Additions

42,925

3,229

46,154

At 31 December 2025

405,800

157,556

563,356

Depreciation

At 1 January 2025

214,568

119,380

333,948

Charge for year

47,598

9,544

57,142

At 31 December 2025

262,166

128,924

391,090

Net book value

At 31 December 2025

143,634

28,632

172,266

At 31 December 2024

148,307

34,947

183,254

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

Cost

At 1 January 2025

168,218

Additions

11,000

Transfer to ownership

(19,682

)

At 31 December 2025

159,536

Depreciation

At 1 January 2025

74,550

Charge for year

23,150

Transfer to ownership

(7,615

)

At 31 December 2025

90,085

Net book value

At 31 December 2025

69,451

At 31 December 2024

93,668

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

36,829

52,800

Other debtors

13,484

10,543

50,313

63,343

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts (see note 9)

30,926

33,289

Trade creditors

146,183

114,258

Amounts owed to group undertakings

-

50,945

Taxation and social security

62,060

176,462

Other creditors

22,420

33,939

261,589

408,893

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts (see note 9)

30,842

54,267

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Net obligations repayable:

Within one year

30,926

33,289

Between one and five years

30,842

54,267

61,768

87,556

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

154,905

159,487

Between one and five years

380,934

534,938

In more than five years

4,725

5,625

540,564

700,050

10.	CONTINGENT LIABILITIES

An Omnibus Guarantee & Set-Off Agreement is in force between Asset Management Services (UK) Ltd, AMS Holdings (Investments) Ltd and Lloyds Bank PLC, containing a fixed charge and negative pledge.

11.	RELATED PARTY DISCLOSURES

AMS Holdings (Investments) Ltd

The company's parent company

At 31 December 2025 Asset Management Services (UK) Ltd owed £0 (2024 - £50,945) to the above parent company . The balance is interest free with no fixed repayment terms.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is AMS Holdings (Investments) Ltd.

The company is controlled by AMS Holdings (Investments) Ltd, a company controlled by the Director R York. AMS Holdings (Investments) Ltd, which shares the same registered office as Asset Management Services (UK) Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.