AM Surveys Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 05674599 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

AM SURVEYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A F C Morrison

Mrs C A Morrison

SECRETARY:

Mrs C A Morrison

REGISTERED OFFICE:

22 King Street

Southwell

Newark

Nottinghamshire

NG25 0EN

REGISTERED NUMBER:

05674599 (England and Wales)

ACCOUNTANTS:

Langham Carter

Darwin Court Darwin Drive

Sherwood Energy Village

New Ollerton

Newark

Nottinghamshire

NG22 9FE

FIXED ASSETS

6,560

Tangible assets

4

5,576

CURRENT ASSETS

55,139

Debtors

5

146,341

114,125

Cash at bank

40,653

169,264

186,994

CREDITORS

20,499

Amounts falling due within one year

6

9,632

148,765

NET CURRENT ASSETS

177,362

155,325

TOTAL ASSETS LESS CURRENT LIABILITIES

182,938

CAPITAL AND RESERVES

600

Called up share capital

600

154,725

Retained earnings

182,338

155,325

SHAREHOLDERS' FUNDS

182,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 16 August 2023 and were signed on its behalf by:

A F C Morrison - Director

1.	STATUTORY INFORMATION

AM Surveys 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

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 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Totals

fittings

equipment

£

£

£

COST

At 1 May 2022

and 30 April 2023

35,198

20,805

14,393

DEPRECIATION

At 1 May 2022

28,638

14,245

14,393

Charge for year

984

984

-

At 30 April 2023

29,622

15,229

14,393

NET BOOK VALUE

At 30 April 2023

5,576

5,576

-

At 30 April 2022

6,560

6,560

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

3,645

4,713

Other debtors

142,696

50,426

146,341

55,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Tax

6,665

12,755

Social security and other taxes

2,422

2,609

Directors' current accounts

270

4,860

Accrued expenses

275

275

9,632

20,499