AMN Contracts Ltd - Accounts to registrar (filleted) - small 23.1.2

AMN Contracts Ltd - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: SC304993 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

AMN CONTRACTS LTD

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMN CONTRACTS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2022







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 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294 3,195

CURRENT ASSETS
Stocks 67,330 104,017
Debtors 5 110,734 124,079
Cash at bank 58,563 15,391
236,627 243,487
CREDITORS
Amounts falling due within one year 6 49,757 63,622
NET CURRENT ASSETS 186,870 179,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,164

183,060

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,064 182,960
SHAREHOLDERS' FUNDS 187,164 183,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.

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 director and authorised for issue on 22 May 2023 and were signed by:





J Candlin - Director


AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2022

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 7 (2021 - 7 ) .

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2021 404 669 54,974 5,221 61,268
Additions - - - 441 441
At 31 August 2022 404 669 54,974 5,662 61,709
DEPRECIATION
At 1 September 2021 404 669 51,779 5,221 58,073
Charge for year - - 3,195 147 3,342
At 31 August 2022 404 669 54,974 5,368 61,415
NET BOOK VALUE
At 31 August 2022 - - - 294 294
At 31 August 2021 - - 3,195 - 3,195

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2021
and 31 August 2022 39,078
DEPRECIATION
At 1 September 2021 35,883
Charge for year 3,195
At 31 August 2022 39,078
NET BOOK VALUE
At 31 August 2022 -
At 31 August 2021 3,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade debtors 99,879 110,859
Other debtors 2,122 -
VAT 8,268 11,669
Prepayments and accrued income 465 1,551
110,734 124,079

AMN CONTRACTS LTD (REGISTERED NUMBER: SC304993)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Hire purchase contracts - 2,729
Trade creditors 35,488 40,040
Tax 2,717 6,644
Social security and other taxes 4,624 5,386
Other creditors 4,121 6,889
Directors' current accounts 1,885 1,071
Accrued expenses 922 863
49,757 63,622

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.22 31.8.21
£    £   
Hire purchase contracts - 2,729

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2022 and 31 August 2021:

31.8.22 31.8.21
£    £   
J Candlin
Balance outstanding at start of year (1,071 ) 7,327
Amounts repaid (814 ) (8,398 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,885 ) (1,071 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Candlin.

John Candlin is considered to be the ultimate controlling party.