Company registration number 10832667 (England and Wales)
AMBERCON TECHNOLOGY (UK) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
AMBERCON TECHNOLOGY (UK) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
AMBERCON TECHNOLOGY (UK) LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
-
0
51
Cash at bank and in hand
58
609
58
660
Creditors: amounts falling due within one year
6
(100,598)
(99,464)
Net current liabilities
(100,540)
(98,804)
Capital and reserves
Called up share capital
151
151
Profit and loss reserves
(100,691)
(98,955)
Total equity
(100,540)
(98,804)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 October 2023 and are signed on its behalf by:
Mr. S O Griffiths
Mr L Cabrita Da Silva
Director
Director
Company Registration No. 10832667
AMBERCON TECHNOLOGY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Ambercon Technology (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit A Woodlands Court, Truro Business Park, Truro, Cornwall, United Kingdom, TR4 9NH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements contain information about Ambercon Technology (UK) Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company is

exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated

financial statements.

1.2
Going concern

The directors have decided to strike off the company in due course. As a result the financial statements have not been prepared on a going concern basis. In preparing the financial statements on a basis other than going concern the recognition and measurement requirements of FRS 102 have been applied.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
25% straight line
Patents & licences
5% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line
Computers
33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

AMBERCON TECHNOLOGY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

AMBERCON TECHNOLOGY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Intangible fixed assets
Software
Patents & licences
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
477
24,659
25,136
Amortisation and impairment
At 1 August 2022 and 31 July 2023
477
24,659
25,136
Carrying amount
At 31 July 2023
-
0
-
0
-
0
At 31 July 2022
-
0
-
0
-
0
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
167
949
1,116
Depreciation and impairment
At 1 August 2022 and 31 July 2023
167
949
1,116
Carrying amount
At 31 July 2023
-
0
-
0
-
0
At 31 July 2022
-
0
-
0
-
0
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Unpaid share capital
-
0
51
AMBERCON TECHNOLOGY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
2,190
Other creditors
100,598
97,274
100,598
99,464
7
Related party transactions

At the balance sheet date, the company owed to the director, Mr S O Griffiths, £75,939 (20 22: £64,081).The company also owed to the director, Mr L Cabrita Da Silva, £2 4,659 (20 22: 24,659). Th ese balance s are at call and are included within Creditors: Amounts falling due within One Year.

The company also owed £NIL (2022: £6,103) as disclosed within Creditors: due within one year to Rhino Projects (SW) Ltd, a company which Mr S O Griffiths is also a director and a shareholder.

The company is also owed from the shareholder, Mr Raiker Witter £NIL (2022: £51). This balance is included within Debtors: Amounts falling due within one year.

2023-07-31 2022-08-01 false 03 October 2023 CCH Software CCH Accounts Production 2023.100 No description of principal activity Mr. S O Griffiths Mr L Cabrita Da Silva 10832667 2022-08-01 2023-07-31 10832667 2023-07-31 10832667 2022-07-31 10832667 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10832667 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10832667 core:CurrentFinancialInstruments 2023-07-31 10832667 core:CurrentFinancialInstruments 2022-07-31 10832667 core:ShareCapital 2023-07-31 10832667 core:ShareCapital 2022-07-31 10832667 core:RetainedEarningsAccumulatedLosses 2023-07-31 10832667 core:RetainedEarningsAccumulatedLosses 2022-07-31 10832667 bus:Director1 2022-08-01 2023-07-31 10832667 bus:Director2 2022-08-01 2023-07-31 10832667 core:IntangibleAssetsOtherThanGoodwill 2022-08-01 2023-07-31 10832667 core:ComputerSoftware 2022-08-01 2023-07-31 10832667 core:PatentsTrademarksLicencesConcessionsSimilar 2022-08-01 2023-07-31 10832667 core:FurnitureFittings 2022-08-01 2023-07-31 10832667 core:ComputerEquipment 2022-08-01 2023-07-31 10832667 2021-08-01 2022-07-31 10832667 core:ComputerSoftware 2022-07-31 10832667 core:PatentsTrademarksLicencesConcessionsSimilar 2022-07-31 10832667 2022-07-31 10832667 core:ComputerSoftware 2023-07-31 10832667 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-31 10832667 core:ComputerSoftware 2022-07-31 10832667 core:PatentsTrademarksLicencesConcessionsSimilar 2022-07-31 10832667 core:FurnitureFittings 2022-07-31 10832667 core:ComputerEquipment 2022-07-31 10832667 core:FurnitureFittings 2023-07-31 10832667 core:ComputerEquipment 2023-07-31 10832667 core:FurnitureFittings 2022-07-31 10832667 core:ComputerEquipment 2022-07-31 10832667 core:WithinOneYear 2023-07-31 10832667 core:WithinOneYear 2022-07-31 10832667 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10832667 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10832667 bus:FRS102 2022-08-01 2023-07-31 10832667 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10832667 bus:FullAccounts 2022-08-01 2023-07-31 xbrli:pure xbrli:shares iso4217:GBP