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REGISTERED NUMBER: 13557652 (England and Wales)















Ambiente Systems Limited

Financial Statements For The Year Ended 31 March 2024






Ambiente Systems Limited (Registered number: 13557652)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ambiente Systems Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mr R S Cooper
Mrs R Cooper
Mrs P Cooper
Mrs J Cooper
Mr I Cooper
Mr G Cooper
Mr A Cooper
Mrs S Cooper





REGISTERED OFFICE: Building 15, Gateway 1000 Arlington Busi
Stevenage
United Kingdom
Hertfordshire
SG1 2FP





REGISTERED NUMBER: 13557652 (England and Wales)

Ambiente Systems Limited (Registered number: 13557652)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 2,712,500 3,062,500
Tangible assets 6 208,553 178,996
2,921,053 3,241,496

CURRENT ASSETS
Stocks 1,460,429 2,007,141
Debtors 7 814,343 795,081
Cash at bank 142,931 314,021
2,417,703 3,116,243
CREDITORS
Amounts falling due within one year 8 (4,002,552 ) (5,535,051 )
NET CURRENT LIABILITIES (1,584,849 ) (2,418,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,204

822,688

PROVISIONS FOR LIABILITIES (46,821 ) (34,007 )
NET ASSETS 1,289,383 788,681

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 1,288,983 788,281
1,289,383 788,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Ambiente Systems Limited (Registered number: 13557652)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mr R S Cooper - Director


Ambiente Systems Limited (Registered number: 13557652)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ambiente Systems 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

1) Recognition of turnover for on-going contracts at the year end

Turnover is recognised when the outcome of a transaction involving the rendering of services can be reliably estimated. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

1) Depreciation charge

The annual depreciation charge for each class of tangible fixed asset us based on an estimate of the useful economic life of the respective assents. This is reviewed periodically by the directors to ensure threat they reflect both the external and internal factors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Ambiente Systems Limited (Registered number: 13557652)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

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

Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and previous periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Finance leases and hire purchase contracts
Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 24 ) .

Ambiente Systems Limited (Registered number: 13557652)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 3,500,000
AMORTISATION
At 1 April 2023 437,500
Amortisation for year 350,000
At 31 March 2024 787,500
NET BOOK VALUE
At 31 March 2024 2,712,500
At 31 March 2023 3,062,500

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 141,142 17,885 17,278
Additions 40,699 - 5,766
At 31 March 2024 181,841 17,885 23,044
DEPRECIATION
At 1 April 2023 14,386 7,895 6,553
Charge for year 9,092 2,497 4,123
At 31 March 2024 23,478 10,392 10,676
NET BOOK VALUE
At 31 March 2024 158,363 7,493 12,368
At 31 March 2023 126,756 9,990 10,725

Ambiente Systems Limited (Registered number: 13557652)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 32,494 25,514 234,313
Additions - 8,914 55,379
At 31 March 2024 32,494 34,428 289,692
DEPRECIATION
At 1 April 2023 15,517 10,966 55,317
Charge for year 4,245 5,865 25,822
At 31 March 2024 19,762 16,831 81,139
NET BOOK VALUE
At 31 March 2024 12,732 17,597 208,553
At 31 March 2023 16,977 14,548 178,996

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 617,762 614,358
Other debtors 186,082 168,775
Prepayments and accrued income 10,499 11,948
814,343 795,081

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 207,684 379,647
Tax 283,772 288,758
Social security and other taxes 41,037 40,212
VAT 281,589 293,974
Other creditors 2,920,490 2,935,692
Directors' current accounts 223,634 1,505,470
Accrued expenses 44,346 91,298
4,002,552 5,535,051

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.