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REGISTERED NUMBER: 11761642 (England and Wales)
















Report of the Director and

Financial Statements for the Year Ended 30 June 2023

for

WIDER AMBITION LTD

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 3

Income Statement 5

Other Comprehensive Income 6

Balance Sheet 7

Statement of Changes in Equity 8

Notes to the Financial Statements 9


WIDER AMBITION LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A.E. Chalmers





REGISTERED OFFICE: 11-16 Chestnut Court Jill Lane Sambourne
Redditch
Worcestershire
B96 6EW





REGISTERED NUMBER: 11761642 (England and Wales)





AUDITORS: Copia Wealth & Tax Limited
Chartered Accountants
Statutory Auditors
8 Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Report of the Director
FOR THE YEAR ENDED 30 JUNE 2023

The director presents her report with the financial statements of the company for the year ended 30 June 2023.

DIRECTOR
A.E. Chalmers held office during the whole of the period from 1 July 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Copia Wealth & Tax Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A.E. Chalmers - Director


28 March 2024

Report of the Independent Auditors to the Members of
Wider Ambition Ltd

Opinion
We have audited the financial statements of Wider Ambition Ltd (the 'company') for the year ended 30 June 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Report of the Independent Auditors to the Members of
Wider Ambition Ltd


Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.
- We review financial statement disclosures and undertake testing to supporting documentation to assess compliance with applicable laws and regulations.
- We perform audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business.
- We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
- We enquire of management around actual and potential litigation and claims.
- We conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the union's ability to continue as a going concern.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




S Philpott (Senior Statutory Auditor)
for and on behalf of Copia Wealth & Tax Limited
Chartered Accountants
Statutory Auditors
8 Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

28 March 2024

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Income Statement
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Notes £    £   

TURNOVER 1,663,207 769,448

Administrative expenses 1,936,448 877,486
OPERATING LOSS 4 (273,241 ) (108,038 )

Interest receivable and similar income 7,504 -
(265,737 ) (108,038 )

Interest payable and similar expenses 5 79,398 23,144
LOSS BEFORE TAXATION (345,135 ) (131,182 )

Tax on loss 6 - -
LOSS FOR THE FINANCIAL YEAR (345,135 ) (131,182 )

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Other Comprehensive Income
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Notes £    £   

LOSS FOR THE YEAR (345,135 ) (131,182 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(345,135

)

(131,182

)

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Balance Sheet
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 570,255 196,349

CURRENT ASSETS
Debtors 8 86,049 -
Cash at bank 501,569 9,226
587,618 9,226
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

9

2,298,204

1,000,771
NET CURRENT LIABILITIES (1,710,586 ) (991,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,140,331

)

(795,196

)

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 (1,140,431 ) (795,296 )
SHAREHOLDERS' FUNDS (1,140,331 ) (795,196 )

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

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





A.E. Chalmers - Director


WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Statement of Changes in Equity
FOR THE YEAR ENDED 30 JUNE 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 July 2021 100 (664,114 ) (664,014 )

Changes in equity
Total comprehensive income - (131,182 ) (131,182 )
Balance at 30 June 2022 100 (795,296 ) (795,196 )

Changes in equity
Total comprehensive income - (345,135 ) (345,135 )
Balance at 30 June 2023 100 (1,140,431 ) (1,140,331 )

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Wider Ambition Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11761642

Its registered office is: Its trading address is:
11-16 Chestnut Court Lokrum Fields
Jill Lane Copyholt Lane
Redditch Stoke Pound
Worcestershire Bromsgrove
B96 6EW B60 3AY

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.

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated rebates and other similar allowances.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings 20% Straight line

Furniture, fittings and equipment 25-33% Straight line

Motor vehicles 25% Straight line

Taxation
Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals
in the balance sheet. The assets of the plan are held separately from the company in independently
administered funds.

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Going concern
These accounts have been prepared on the going concern basis, the validity of which is dependent upon the continuing financial support of the parent company, Wider Plan Limited, to ensure adequate facilities are available for the company to discharge its liabilities as they fall due as the company has reported net liabilities of £1,140,331.

As with any company placing reliance on other group entities for financial support, the director acknowledges that there can be no certainty that this support will continue indefinitely. However, at the date of approval of these financial statements, the company's parent undertaking has confirmed that the necessary support will be made available for the foreseeable future. Based on this, the director believes that it is appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 987,720 480,895
Other pension costs 214,258 85,486
1,201,978 566,381

The average number of employees during the year was as follows:
2023 2022

Administration 2 2
Production 26 9
Research and development 1 2
29 13

4. OPERATING LOSS

The operating loss is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 93,355 46,450

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Loan interest 79,398 23,144

6. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30 June 2023 nor for the year ended 30 June 2022.

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. TANGIBLE FIXED ASSETS
Land and Fixtures
buildings and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 134,847 71,296 60,994 267,137
Additions 406,178 61,083 - 467,261
At 30 June 2023 541,025 132,379 60,994 734,398
DEPRECIATION
At 1 July 2022 40,118 20,351 10,319 70,788
Charge for year 45,830 32,276 15,249 93,355
At 30 June 2023 85,948 52,627 25,568 164,143
NET BOOK VALUE
At 30 June 2023 455,077 79,752 35,426 570,255
At 30 June 2022 94,729 50,945 50,675 196,349

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,049 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 10) 2,095,976 940,735
Trade creditors 26,504 12,848
Social security and other taxes (532 ) (7,522 )
Bank loans and overdrafts 6,657 2,132
Other creditors 27,364 13,333
Directors' current accounts - 2,204
Accruals and deferred income 142,235 37,041
2,298,204 1,000,771

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Loan from parent company 2,095,976 940,735

11. SECURED DEBTS

There is group wide cross guarantee in place in respect of the bank loan facility.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

WIDER AMBITION LTD (REGISTERED NUMBER: 11761642)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

13. RESERVES
Retained
earnings
£   

At 1 July 2022 (795,296 )
Deficit for the year (345,135 )
At 30 June 2023 (1,140,431 )

Profit and loss account - includes all current and prior period retained profits and losses.

14. RELATED PARTY DISCLOSURES

The controlling party is Wider Plan Limited.

The parent's registered office address is:
11-16 Chestnut Court
Jill Lane
Redditch
Worcestershire
B96 6EW