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Registered number: 08845700
Automated Managed Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Philip Atherton Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08845700
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 201,762 232,937
201,762 232,937
CURRENT ASSETS
Stocks 5 471,232 610,062
Debtors 6 232,210 221,486
Cash at bank and in hand 17,661 16,702
721,103 848,250
Creditors: Amounts Falling Due Within One Year 7 (610,425 ) (734,564 )
NET CURRENT ASSETS (LIABILITIES) 110,678 113,686
TOTAL ASSETS LESS CURRENT LIABILITIES 312,440 346,623
Creditors: Amounts Falling Due After More Than One Year 8 (14,014 ) (52,468 )
NET ASSETS 298,426 294,155
CAPITAL AND RESERVES
Called up share capital 11 1,059 1,059
Share premium account 149,941 149,941
Profit and Loss Account 147,426 143,155
SHAREHOLDERS' FUNDS 298,426 294,155
Page 1
Page 2
For the year ending 31 January 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.
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
Miss Georgina Sear
Director
27 October 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Automated Managed Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08845700 . The registered office is The Old Electrical Workshop, Main Street, Welby, Grantham, Lincolnshire, NG32 3LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Office Building 2% on cost
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2025: 19)
15 19
4. Tangible Assets
Land & Property
Office Building Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2025 86,406 144,817 176,931 30,498
Additions - - 13,330 -
As at 31 January 2026 86,406 144,817 190,261 30,498
Depreciation
As at 1 February 2025 7,268 100,038 92,775 26,259
Provided during the period 1,728 16,180 21,039 1,060
As at 31 January 2026 8,996 116,218 113,814 27,319
Net Book Value
As at 31 January 2026 77,410 28,599 76,447 3,179
As at 1 February 2025 79,138 44,779 84,156 4,239
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 February 2025 39,362 478,014
Additions 816 14,146
As at 31 January 2026 40,178 492,160
Depreciation
As at 1 February 2025 18,737 245,077
Provided during the period 5,314 45,321
As at 31 January 2026 24,051 290,398
Net Book Value
As at 31 January 2026 16,127 201,762
As at 1 February 2025 20,625 232,937
5. Stocks
2026 2025
£ £
Stock 471,232 610,062
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 219,089 206,185
Other debtors 13,121 15,301
232,210 221,486
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 19,643 28,236
Trade creditors 140,578 275,695
Bank loans and overdrafts 77,367 82,782
Other loans 7,899 31,769
Amounts owed to participating interests 1,441 30,648
Other creditors 177,156 88,437
Taxation and social security 186,341 196,997
610,425 734,564
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8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 14,014 33,657
Bank loans - 18,811
14,014 52,468
9. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 33,657 61,893
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,643 28,236
Later than one year and not later than five years 14,014 33,657
33,657 61,893
33,657 61,893
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,059 1,059
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