Registered number
11176601
Amba Group Limited
Unaudited Filleted Accounts
31 December 2023
Amba Group Limited
Registered number: 11176601
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 80,701 45,427
Current assets
Debtors 4 740,480 582,620
Cash at bank and in hand 3,655 14,399
744,135 597,019
Creditors: amounts falling due within one year 5 (293,649) (125,345)
Net current assets 450,486 471,674
Total assets less current liabilities 531,187 517,101
Creditors: amounts falling due after more than one year 6 (416,583) (417,101)
Net assets 114,604 100,000
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,504 99,900
Shareholder's funds 114,604 100,000
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T. Wakeford
Director
Approved by the board on 6 September 2024
Amba Group Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2023 75,630
Additions 63,000
At 31 December 2023 138,630
Depreciation
At 1 January 2023 30,203
At 31 December 2023 57,929
Net book value
At 31 December 2023 80,701
At 31 December 2022 45,427
4 Debtors 2023 2022
£ £
Trade debtors 740,480 582,620
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 497 3,528
Trade creditors 232,524 44,014
Taxation and social security costs 60,628 77,803
293,649 125,345
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 3,529 4,047
Amounts owed to group undertakings and undertakings in which the company has a participating interest 413,054 413,054
416,583 417,101
7 Related parties
Included within amounts owed to group undertakings is a balance due to Flexford Holdings Limited amounting to £413,054.
8 Parent company
The ultimate parent company is Flexford Holdings Limited and its registered office is Unit 2 Castlehill Business Park Flexford Road, North Baddesley, Southampton, United Kingdom, SO52 9DF.
9 Other information
Amba Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Castlehill Business Park
Flexford Road
Southampton
SO52 9DF
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