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REGISTERED NUMBER: 06543800 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Amber Compounds UK Limited

Amber Compounds UK Limited (Registered number: 06543800)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Amber Compounds UK Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: W L Wharmby





REGISTERED OFFICE: Units F & H
Thornsett Trading Estate
Birch Vale
High Peak
SK22 1AH





REGISTERED NUMBER: 06543800 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Amber Compounds UK Limited (Registered number: 06543800)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303,713 72,796

CURRENT ASSETS
Stocks 10,643 6,500
Debtors 5 412,569 1,615,605
Cash at bank 1,290,341 2,659,280
1,713,553 4,281,385
CREDITORS
Amounts falling due within one year 6 1,260,721 1,132,429
NET CURRENT ASSETS 452,832 3,148,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,545

3,221,752

CREDITORS
Amounts falling due after more than one
year

7

(23,569

)

-

PROVISIONS FOR LIABILITIES (25,860 ) (18,199 )
NET ASSETS 707,116 3,203,553

CAPITAL AND RESERVES
Called up share capital 8 300 3
Share premium 9 19,940 -
Capital redemption reserve 9 2,630 2,630
Retained earnings 9 684,246 3,200,920
SHAREHOLDERS' FUNDS 707,116 3,203,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 17 November 2023 and were signed by:



W L Wharmby - Director


Amber Compounds UK Limited (Registered number: 06543800)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Amber Compounds UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net sales of goods sold excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Amber Compounds UK Limited (Registered number: 06543800)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 - 154,527 2,447
Additions 200,274 24,234 -
At 28 February 2023 200,274 178,761 2,447
DEPRECIATION
At 1 March 2022 - 107,615 1,347
Charge for year - 14,229 275
At 28 February 2023 - 121,844 1,622
NET BOOK VALUE
At 28 February 2023 200,274 56,917 825
At 28 February 2022 - 46,912 1,100

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 52,328 9,547 218,849
Additions 31,295 1,625 257,428
At 28 February 2023 83,623 11,172 476,277
DEPRECIATION
At 1 March 2022 29,457 7,634 146,053
Charge for year 10,833 1,174 26,511
At 28 February 2023 40,290 8,808 172,564
NET BOOK VALUE
At 28 February 2023 43,333 2,364 303,713
At 28 February 2022 22,871 1,913 72,796

Amber Compounds UK Limited (Registered number: 06543800)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 294,300 1,216,609
Other debtors 104,947 385,554
Directors' current accounts 274 -
Prepayments 13,048 13,442
412,569 1,615,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 5,085 7,001
Trade creditors 67,877 957,309
Tax 128,889 121,250
Social security and other taxes 20,202 5,156
VAT 29,442 36,727
Other creditors 1,000,065 -
Directors' current accounts - 72
Accrued expenses 9,161 4,914
1,260,721 1,132,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 23,569 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
160 Ordinary £1 160 3
(28.2.22 - 3 )
80 A Ordinary £1 80 -
15 B Ordinary £1 15 -
45 Growth Ordinary £1 45 -
300 3

The following shares were issued during the year for cash at par :

158 Ordinary shares of £1
79 A Ordinary shares of £1
15 B Ordinary shares of £1
45 Growth Ordinary shares of £1

Amber Compounds UK Limited (Registered number: 06543800)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 March 2022 3,200,920 - 2,630 3,203,550
Profit for the year 589,605 - - 589,605
Dividends (3,106,279 ) - - (3,106,279 )
Cash share issue - 19,940 - 19,940
At 28 February 2023 684,246 19,940 2,630 706,816

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
W L Wharmby
Balance outstanding at start of year - 614
Amounts advanced 274 -
Amounts repaid - (614 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 274 -