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Amber Motorsports Ltd
Registered Number:08016892
For the year ended 05 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 05 April 2024
Amber Motorsports Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08016892
As at 05 April 2024
Amber Motorsports Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,541
12,976
2
10,541
12,976
Current assets
Inventories
376
2,041
3
Trade and other receivables
2,073
1,981
4
13,495
Cash and cash equivalents
13,853
17,875
15,944
Trade and other payables: amounts falling due within one year
(7,933)
(20,434)
5
8,011
(2,559)
Net current liabilities
Total assets less current liabilities
7,982
20,987
7,982
Net assets
20,987
Capital and reserves
Called up share capital
3
3
Retained earnings
7,979
20,984
7,982
20,987
Shareholders' funds
For the year ended 05 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 05 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr M Haddon Director
These financial statements were approved and authorised for issue by the Board on 19 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 05 April 2024
Amber Motorsports Ltd
Notes to the Financial Statements
Statutory Information
Amber Motorsports Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 08016892.
Principal place of business:
Unit 5
Dorset Road
Sheerness
Kent
ME12 1LP
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 05 April 2024
Amber Motorsports Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 06 April 2023
137,447
1,415
2,700
133,332
1,082
-
-
1,082
Additions
At 05 April 2024
134,414
2,700
1,415
138,529
Provision for depreciation and impairment
At 06 April 2023
124,471
464
2,413
121,594
Charge for year
3,517
238
72
3,207
At 05 April 2024
127,988
702
2,485
124,801
At 05 April 2024
Net book value
9,613
215
713
10,541
At 05 April 2023
11,738
287
951
12,976
3. Inventories
2023
2024
£
£
Stocks
2,041
376
4. Trade and other receivables
2023
2024
£
£
Other debtors
1,981
2,073
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
5,507
5,288
Other creditors
14,927
2,645
20,434
7,933
6. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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