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Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Ambika Security Limited

Ambika Security Limited (Registered number: 02246222)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ambika Security Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: RMA Cooke





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 02246222 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Ambika Security Limited (Registered number: 02246222)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,985 1,489

CURRENT ASSETS
Debtors 5 426,474 365,244
Cash at bank and in hand 731,661 580,051
1,158,135 945,295
CREDITORS
Amounts falling due within one year 6 265,209 256,385
NET CURRENT ASSETS 892,926 688,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,911

690,399

CREDITORS
Amounts falling due after more than one
year

7

(37,629

)

(38,490

)

PROVISIONS FOR LIABILITIES (283 ) (283 )
NET ASSETS 869,999 651,626

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 49,900 49,900
Retained earnings 819,899 601,526
SHAREHOLDERS' FUNDS 869,999 651,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:




RMA Cooke - Director


Ambika Security Limited (Registered number: 02246222)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Ambika Security 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.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 15 (2022 - 18 ) .

Ambika Security Limited (Registered number: 02246222)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 1,767 - 17,242 19,009
Additions - 16,450 299 16,749
At 30 June 2023 1,767 16,450 17,541 35,758
DEPRECIATION
At 1 July 2022 1,767 - 15,753 17,520
Charge for year - 2,742 511 3,253
At 30 June 2023 1,767 2,742 16,264 20,773
NET BOOK VALUE
At 30 June 2023 - 13,708 1,277 14,985
At 30 June 2022 - - 1,489 1,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 158,478 148,944
Amounts owed by group undertakings 264,165 209,832
Other debtors 3,730 6,468
Prepayments 101 -
426,474 365,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,565 5,562
Hire purchase contracts (see note 8) 3,125 -
Trade creditors - 3,815
Tax 64,733 60,235
Social security and other taxes 15,323 14,328
VAT 59,316 72,463
Other creditors 61,150 63,510
Directors' current accounts 336 336
Accruals and deferred income 55,661 36,136
265,209 256,385

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,565 5,565
Bank loans - 2-5 years 16,694 16,694
Bank loans more 5 yr by instal 10,666 16,231
Hire purchase contracts (see note 8) 4,704 -
37,629 38,490

Ambika Security Limited (Registered number: 02246222)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,666 16,231

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 3,125 -
Between one and five years 4,704 -
7,829 -

The business has entered into a 36 month agreement from 2022 for a vehicle rental lease at £316 per month.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is RMA Cooke.