Company Registration No. 03496324 (England and Wales)
AMS LIMITED
Unaudited accounts
for the year ended 31 December 2019
AMS LIMITED
Unaudited accounts
Contents
AMS LIMITED
Company Information
for the year ended 31 December 2019
Director
Azad Indurkumar Shivdasani
Company Number
03496324 (England and Wales)
Registered Office
10A/12A HIGH STREET
EAST GRINSTEAD
WEST SUSSEX
RH19 3AW
Accountants
Alexander Rosse Limited
153 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AMS LIMITED for the year ended 31 December 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AMS LIMITED for the year ended
31 December 2019 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of AMS LIMITED, as a body, in accordance with the terms of our engagement letter dated 20 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of AMS LIMITED and state those matters that we have agreed to state to the Board of Directors of AMS LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AMS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AMS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AMS LIMITED. You consider that AMS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AMS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Alexander Rosse Limited
Chartered Accountants
153 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
28 December 2020
AMS LIMITED
Statement of financial position
as at
31 December 2019
Tangible assets
11,441
25,392
Cash at bank and in hand
8,590
24,673
Creditors: amounts falling due within one year
(67,245)
(63,493)
Net current assets/(liabilities)
12,556
(29,469)
Total assets less current liabilities
23,997
(4,077)
Creditors: amounts falling due after more than one year
(20,335)
(20,045)
Provisions for liabilities
Deferred tax
(4,824)
(4,824)
Net liabilities
(1,162)
(28,946)
Called up share capital
1
1
Profit and loss account
(1,163)
(28,947)
Shareholders' funds
(1,162)
(28,946)
For the year ending 31 December 2019 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 director acknowledges his 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 and authorised for issue on 28 December 2020 and were signed on its behalf by
Azad Indurkumar Shivdasani
Director
Company Registration No. 03496324
AMS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
AMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03496324. The registered office is 10A/12A HIGH STREET, EAST GRINSTEAD, WEST SUSSEX, RH19 3AW.
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.
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:
Motor vehicles
Straight Line @ 25%
Fixtures & fittings
Straight Line @ 25%
Computer equipment
Straight Line @ 33%
The company has sufficient resources to continue as a going concern for the foreseeable future and the director believes that the company will be able to meet the liabilities as they fall due for at least twelve months from the date of approval of these financial statements. The company has contingency plans to mitigate any negative effects of the corona virus pandemic and therefore the accounts have been prepared on a going concern basis.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
48,349
450
6,580
55,379
At 31 December 2019
48,349
450
6,580
55,379
At 1 January 2019
25,181
75
4,731
29,987
Charge for the year
12,087
150
1,714
13,951
At 31 December 2019
37,268
225
6,445
43,938
At 31 December 2019
11,081
225
135
11,441
At 31 December 2018
23,168
375
1,849
25,392
AMS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
Accrued income and prepayments
466
1,892
6
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
3,474
Trade creditors
9,673
5,498
Taxes and social security
45,383
18,610
Loans from directors
(1,641)
25,836
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
20,335
20,045
8
Average number of employees
During the year the average number of employees was 5 (2018: 5).