AM2 Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04941598 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

AM2 Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Mojsovski

Mrs A M Taylor

REGISTERED OFFICE:

8 Kipling Avenue

High Harrington

Workington

Cumbria

CA14 4NF

REGISTERED NUMBER:

04941598 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

2,305

2,532

CURRENT ASSETS

Debtors

5

977

53

Cash at bank

1,149

7,665

2,126

7,718

CREDITORS

Amounts falling due within one year

6

7,187

18,445

NET CURRENT LIABILITIES

(5,061

)

(10,727

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,756

)

(8,195

)

CREDITORS

Amounts falling due after more than one year

7

(18,333

)

-

PROVISIONS FOR LIABILITIES

(438

)

(481

)

NET LIABILITIES

(21,527

)

(8,676

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(21,627

)

(8,776

)

(21,527

)

(8,676

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 June 2021 and were signed on its behalf by:

Mr A Mojsovski - Director

1.	STATUTORY INFORMATION

AM2 Consulting Limited is a private company, limited by shares , registered in England and Wales. 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.

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 November 2019

6,684

Additions

541

At 31 October 2020

7,225

DEPRECIATION

At 1 November 2019

4,152

Charge for year

768

At 31 October 2020

4,920

NET BOOK VALUE

At 31 October 2020

2,305

At 31 October 2019

2,532

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Other debtors and prepayments

847

-

VAT

130

53

977

53

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans and overdrafts

1,667

-

Tax

4,649

11,814

Social security and other taxes

108

202

Other creditors and accruals

755

6,111

Directors' loan accounts

8

318

7,187

18,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans - 1-2 years

4,000

-

Bank loans - 2-5 years

12,000

-

Bank loans more 5 yr by instal

2,333

-

18,333

-

31.10.20

31.10.19

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,333

-