AMBI & CO (UK) LTD

Company Registration Number:
08618375 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

AMBI & CO (UK) LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

AMBI & CO (UK) LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 74,165 98,885
Tangible assets: 4 135,797 15,466
Total fixed assets: 209,962 114,351
Current assets
Stocks: 65,493 59,851
Debtors:   14,014 178
Cash at bank and in hand: 158,744 340,110
Total current assets: 238,251 400,139
Creditors: amounts falling due within one year:   (261,647) (342,276)
Net current assets (liabilities): (23,396) 57,863
Total assets less current liabilities: 186,566 172,214
Creditors: amounts falling due after more than one year:   (60,870) (82,455)
Total net assets (liabilities): 125,696 89,759
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 125,596 89,659
Shareholders funds: 125,696 89,759

The notes form part of these financial statements

AMBI & CO (UK) LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 November 2023
and signed on behalf of the board by:

Name: Ms Jagjot Kaur Gill
Status: Director

The notes form part of these financial statements

AMBI & CO (UK) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Commercial Vehicles straight line 10% Fixtures and Fittings straight line 25% Equipment straight line 25% Computer Equipment straight line 25%

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Other accounting policies

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

AMBI & CO (UK) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 8 10

AMBI & CO (UK) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Intangible Assets

Total
Cost £
At 01 March 2022 247,209
At 28 February 2023 247,209
Amortisation
At 01 March 2022 148,324
Charge for year 24,720
At 28 February 2023 173,044
Net book value
At 28 February 2023 74,165
At 28 February 2022 98,885

AMBI & CO (UK) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 101,495
Additions 133,353
At 28 February 2023 234,848
Depreciation
At 01 March 2022 86,029
Charge for year 13,022
At 28 February 2023 99,051
Net book value
At 28 February 2023 135,797
At 28 February 2022 15,466