Ambassador Marketing UK Limited 08443046 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the receipt of bonuses generated by marketing and product sales. Digita Accounts Production Advanced 6.30.9574.0 true true true 08443046 2023-01-01 2023-12-31 08443046 2023-12-31 08443046 core:RetainedEarningsAccumulatedLosses 2023-12-31 08443046 core:ShareCapital 2023-12-31 08443046 core:CurrentFinancialInstruments 2023-12-31 08443046 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08443046 bus:SmallEntities 2023-01-01 2023-12-31 08443046 bus:Audited 2023-01-01 2023-12-31 08443046 bus:FullAccounts 2023-01-01 2023-12-31 08443046 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08443046 bus:RegisteredOffice 2023-01-01 2023-12-31 08443046 bus:CompanySecretary1 2023-01-01 2023-12-31 08443046 bus:Director1 2023-01-01 2023-12-31 08443046 bus:Director2 2023-01-01 2023-12-31 08443046 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08443046 core:OtherRelatedParties 2023-01-01 2023-12-31 08443046 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-01-01 2023-12-31 08443046 1 2023-01-01 2023-12-31 08443046 countries:EnglandWales 2023-01-01 2023-12-31 08443046 2022-01-01 2022-12-31 08443046 2022-12-31 08443046 core:RetainedEarningsAccumulatedLosses 2022-12-31 08443046 core:ShareCapital 2022-12-31 08443046 core:CurrentFinancialInstruments 2022-12-31 08443046 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08443046 core:OtherRelatedParties core:RenderingOrReceivingServices 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08443046

Ambassador Marketing UK Limited

Annual Report and Filleted Financial Statements

for the Year Ended 31 December 2023

 

Ambassador Marketing UK Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Ambassador Marketing UK Limited

Company Information

Directors

Mr J P Neuber

Mrs N R Dornan

Company secretary

Mrs G Vickers

Registered office

11 Magnolia Close
Heathfield
East Sussex
TN21 8YF

Auditors

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Ambassador Marketing UK Limited

(Registration number: 08443046)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

50,054

67,927

Cash at bank and in hand

 

96,469

88,944

 

146,523

156,871

Creditors: Amounts falling due within one year

6

(72,852)

(64,090)

Net assets

 

73,671

92,781

Capital and reserves

 

Called up share capital

100

100

Retained earnings

73,571

92,681

Shareholders' funds

 

73,671

92,781

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2024 and signed on its behalf by:
 

.........................................
Mr J P Neuber
Director

 

Ambassador Marketing UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Magnolia Close
Heathfield
East Sussex
TN21 8YF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 2 April 2024 was A.E.J. Staples, who signed for and on behalf of Manningtons.

.........................................

Exemption from preparing group accounts

The financial statements contain information about Ambassador Marketing UK Limited as an individual company and do not contain consolidated financial information as the parent of a group.

The company is exempt under section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Ambassador Marketing Worldwide Inc., a company incorporated in USA.

 

Ambassador Marketing UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ambassador Marketing UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Financial instruments

Classification
The company does not hold any financial instruments.
 

 

Ambassador Marketing UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Auditors' remuneration

2023
£

2022
£

Audit of the financial statements

1,350

1,350

Other fees to auditors

Accountancy fees

1,200

1,050


 

5

Debtors

2023
£

2022
£

Trade debtors

23,773

41,646

Other debtors

26,281

26,281

50,054

67,927

 

Ambassador Marketing UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

70,450

61,888

Accruals and deferred income

2,400

2,200

Other creditors

2

2

72,852

64,090

7

Related party transactions

Summary of transactions with other related parties

Network Twentyone Support Systems Limited is a company in which J P Neuber is a director.
 During the period purchases were made from Network Twentyone Support Systems Limited
 

Expenditure with and payables to related parties

2023

Other related parties
£

Rendering of services

24,000

2022

Other related parties
£

Rendering of services

12,000

8

Parent and ultimate parent undertaking

The company's immediate parent is Ambassador Marketing Worldwide Inc., incorporated in USA.

  These financial statements are available upon request from Ambassador Marketing Worldwide Inc and may be obtained from 2052 Ben Franklin Drive, Unit 201, Sarasota, Florida, USA 34236