AMN Contracts Ltd - Accounts to registrar (filleted) - small 18.2

AMN Contracts Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC304993 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

AMN CONTRACTS LTD

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMN CONTRACTS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2018







DIRECTOR: J Candlin





SECRETARY: Mrs M T Candlin





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC304993 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

BALANCE SHEET
31 August 2018

31.8.18 31.8.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,709 12,577

CURRENT ASSETS
Stocks 27,482 25,808
Debtors 5 126,690 166,424
Cash at bank 112,487 39,486
266,659 231,718
CREDITORS
Amounts falling due within one year 6 99,179 112,198
NET CURRENT ASSETS 167,480 119,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,189

132,097

CREDITORS
Amounts falling due after more than one
year

7

7,938

4,937
NET ASSETS 176,251 127,160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 176,151 127,060
SHAREHOLDERS' FUNDS 176,251 127,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

BALANCE SHEET - continued
31 August 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 May 2019 and were signed by:





J Candlin - Director


AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

AMN Contracts Ltd is a private company, limited by shares , registered in Scotland. 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.

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 cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

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 6 (2017 - 6 ) .

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2017 404 669 39,474 4,281 44,828
Additions - - 13,603 - 13,603
Disposals - - (10,883 ) - (10,883 )
At 31 August 2018 404 669 42,194 4,281 47,548
DEPRECIATION
At 1 September 2017 387 669 27,232 3,963 32,251
Charge for year 17 - 6,574 159 6,750
Eliminated on disposal - - (8,162 ) - (8,162 )
At 31 August 2018 404 669 25,644 4,122 30,839
NET BOOK VALUE
At 31 August 2018 - - 16,550 159 16,709
At 31 August 2017 17 - 12,242 318 12,577

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2017 23,578
Additions 13,603
Disposals (10,883 )
At 31 August 2018 26,298
DEPRECIATION
At 1 September 2017 11,336
Charge for year 6,574
Eliminated on disposal (8,162 )
At 31 August 2018 9,748
NET BOOK VALUE
At 31 August 2018 16,550
At 31 August 2017 12,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Trade debtors 126,463 164,677
Prepayments and accrued income 227 1,747
126,690 166,424

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Hire purchase contracts 5,250 5,250
Trade creditors 50,035 66,171
Tax 18,994 7,662
Social security and other taxes 4,692 7,044
VAT 20,144 21,996
Accrued expenses 64 4,075
99,179 112,198

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.18 31.8.17
£    £   
Hire purchase contracts 7,938 4,937

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.18 31.8.17
£    £   
Hire purchase contracts 13,188 10,187

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Candlin.

John Candlin is considered to be the ultimate controlling party.