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REGISTERED NUMBER: SC139916 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Ambrisbeg Limited

Ambrisbeg Limited (Registered number: SC139916)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ambrisbeg Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: S C Strathie
Mrs S McLachlan





SECRETARY: Mrs S McLachlan





REGISTERED OFFICE: The Quarry
West Road
Isle of Bute
PA20 ONL





REGISTERED NUMBER: SC139916 (Scotland)





ACCOUNTANTS: McDougall Johnstone
280a St Vincent Street
Glasgow
G2 5RL

Ambrisbeg Limited (Registered number: SC139916)

Abridged Balance Sheet
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 213,399 250,222

CURRENT ASSETS
Stocks 6,200 14,200
Debtors 155,660 145,510
Cash at bank 107,759 29,473
269,619 189,183
CREDITORS
Amounts falling due within one year (135,960 ) (100,503 )
NET CURRENT ASSETS 133,659 88,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,058

338,902

CREDITORS
Amounts falling due after more than one year (67,963 ) (97,756 )

PROVISIONS FOR LIABILITIES (39,827 ) (42,785 )
NET ASSETS 239,268 198,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 239,168 198,261
239,268 198,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Ambrisbeg Limited (Registered number: SC139916)

Abridged Balance Sheet - continued
31 December 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 November 2023 and were signed on its behalf by:





S C Strathie - Director


Ambrisbeg Limited (Registered number: SC139916)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Ambrisbeg Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Ambrisbeg Limited (Registered number: SC139916)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 1,261,514
Additions 54,400
Disposals (557,734 )
At 31 December 2022 758,180
DEPRECIATION
At 1 January 2022 1,011,292
Charge for year 90,473
Eliminated on disposal (556,984 )
At 31 December 2022 544,781
NET BOOK VALUE
At 31 December 2022 213,399
At 31 December 2021 250,222

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2022 195,386
Additions 49,000
At 31 December 2022 244,386
DEPRECIATION
At 1 January 2022 120,716
Charge for year 38,915
At 31 December 2022 159,631
NET BOOK VALUE
At 31 December 2022 84,755
At 31 December 2021 74,670

5. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Other loans 9,996 9,996

Ambrisbeg Limited (Registered number: SC139916)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. LOANS - continued
2022 2021
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 27,331 35,837