AMG Contracts Ltd 31/03/2026 iXBRL

Company registration number: NI629340

AMG CONTRACTS LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2026

AMG CONTRACTS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

AMG CONTRACTS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

Company Information


	Directors	Mr Anthony Guckin


	Company number	NI629340


	Registered office	17 Macknagh Lane
		Upperlands
		Maghera
		Derry
		BT46 5SL


	Accountant	A McCrory & Co Ltd
		15b Molesworth Street
		Cookstown
		Tyrone
		BT80 8NX




	Bankers	Santander Corporate and Commercial Banking
		Sunderland
		SR43 4GG

AMG CONTRACTS LTD

STATEMENT OF FINANCIAL POSITION (CONTINUED)

31 MARCH 2026

_________________________________________________________________________________________

		31/03/26		31/03/25
	Note	£	£	£	£

Fixed assets
Tangible assets	5	998,082		722,194
		_______		_______
			998,082		722,194

Current assets
Stocks		20,962		15,534
Debtors	6	992,804		818,138
Cash at bank and in hand		173,407		1,597
		_______		_______
		1,187,173		835,269
Creditors: amounts falling due
within one year	7	( 860,473)		( 1,043,680)
		_______		_______
Net current assets/(liabilities)			326,700		( 208,411)
			_______		_______
Total assets less current liabilities			1,324,782		513,783

Creditors: amounts falling due
after more than one year	8		( 339,761)		( 237,243)
			_______		_______
Net assets			985,021		276,540
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			985,020		276,539
			_______		_______
Shareholders funds			985,021		276,540
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 July 2026 , and are signed on behalf of the board by:

Mr Anthony Guckin

Director

Company registration number: NI629340

AMG CONTRACTS LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

1. General information

The company is a private company limited by shares, registered in NI. The address of the registered office is 17 Macknagh Lane, Upperlands, Maghera, Derry, BT46 5SL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
Fittings fixtures and equipment	-	20 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2025: 9 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	245,048	211,669	8,572	285,778	751,067
Additions	-	339,020	2,658	193,740	535,418
Disposals	-	-	-	( 46,212)	( 46,212)
	_______	_______	_______	_______	_______
At 31 March 2026	245,048	550,689	11,230	433,306	1,240,273
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	-	10,583	429	17,861	28,873
Charge for the year	-	108,021	2,160	104,103	214,284
Disposals	-	-	-	( 966)	( 966)
	_______	_______	_______	_______	_______
At 31 March 2026	-	118,604	2,589	120,998	242,191
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	245,048	432,085	8,641	312,308	998,082
	_______	_______	_______	_______	_______
At 31 March 2025	245,048	201,086	8,143	267,917	722,194
	_______	_______	_______	_______	_______

6. Debtors

	31/03/26	31/03/25
	£	£
Trade debtors	905,219	692,753
Other debtors	87,585	125,385
	_______	_______
	992,804	818,138
	_______	_______

7. Creditors: amounts falling due within one year

	31/03/26	31/03/25
	£	£
Bank loans and overdrafts	59,508	189,496
Trade creditors	345,657	476,115
Corporation tax	146,470	54,579
Social security and other taxes	39,495	916
Other creditors	269,343	322,574
	_______	_______
	860,473	1,043,680
	_______	_______

8. Creditors: amounts falling due after more than one year

	31/03/26	31/03/25
	£	£
Other creditors	339,761	237,243
	_______	_______