Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe principal activity of the Company continued to be that of trading in non-ferrous metals.55truetruefalse 03385816 2023-04-01 2024-03-31 03385816 2022-04-01 2023-03-31 03385816 2024-03-31 03385816 2023-03-31 03385816 c:Director1 2023-04-01 2024-03-31 03385816 d:FurnitureFittings 2024-03-31 03385816 d:FurnitureFittings 2023-03-31 03385816 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03385816 d:ComputerEquipment 2023-04-01 2024-03-31 03385816 d:CurrentFinancialInstruments 2024-03-31 03385816 d:CurrentFinancialInstruments 2023-03-31 03385816 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03385816 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03385816 d:ShareCapital 2024-03-31 03385816 d:ShareCapital 2023-03-31 03385816 d:RetainedEarningsAccumulatedLosses 2024-03-31 03385816 d:RetainedEarningsAccumulatedLosses 2023-03-31 03385816 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03385816 c:OrdinaryShareClass1 2024-03-31 03385816 c:FRS102 2023-04-01 2024-03-31 03385816 c:Audited 2023-04-01 2024-03-31 03385816 c:FullAccounts 2023-04-01 2024-03-31 03385816 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03385816 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03385816 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03385816














AMBRO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
AMBRO LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 6


 
AMBRO LIMITED
REGISTERED NUMBER:03385816

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,613
2,151

Current assets
  

Debtors: amounts falling due within one year
 5 
366,850
391,977

Cash at bank and in hand
  
1,871,624
2,233,214

  
2,238,474
2,625,191

Creditors: amounts falling due within one year
 6 
(1,399,310)
(1,595,125)

Net current assets
  
 
 
839,164
 
 
1,030,066

  

Net assets
  
840,777
1,032,217


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
840,677
1,032,117

  
840,777
1,032,217


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J V Spangler
Director

Date: 30 October 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
AMBRO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Ambro Limited is a limited liability company incorporated in England and Wales with it registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of trading in non-ferrous metals.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised at the date of trade.
Turnover from consultancy fees is recognised in the period of which it relates.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
AMBRO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
AMBRO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.9

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
2,697



At 31 March 2024

2,697



Depreciation


At 1 April 2023
546


Charge for the year on owned assets
538



At 31 March 2024

1,084



Net book value



At 31 March 2024
1,613



At 31 March 2023
2,151

Page 4

 
AMBRO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
345,127
378,991

Amounts owed by group undertakings
5,250
3,776

Other debtors
1,126
-

Prepayments and accrued income
15,347
9,210

366,850
391,977



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,964
3,373

Amounts owed to group undertakings
1,317,100
1,435,101

Taxation and social security
35,028
49,900

Other creditors
500
97,889

Accruals and deferred income
36,718
8,862

1,399,310
1,595,125



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares shares of £1.00 each
100
100



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,264 (2023 - £17,346).


9.


Related party transactions

The company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Page 5

 
AMBRO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Controlling party

The parent company is Xenmet SA, a company registered in Liechtenstein.
There is no one ultimate controlling party.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 1 November 2024 by Hazel Young (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 6