Registered number
06705258
Amber Accident Claims Ltd
Report and Accounts
31 October 2024
Amber Accident Claims Ltd
Registered number: 06705258
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,370,287 1,389,334
Current assets
Cash at bank and in hand 163,575 127,031
Creditors: amounts falling due within one year 4 (822,349) (813,257)
Net current liabilities (658,774) (686,226)
Total assets less current liabilities 711,513 703,108
Creditors: amounts falling due after more than one year 5 (150,181) (155,965)
Net assets 561,332 547,143
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 560,332 546,143
Shareholders' funds 561,332 547,143
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 members have 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.
Tariq Malik
Director
Approved by the board on 28 November 2024
Amber Accident Claims Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings 10% Straight Line
Fixture & Fittings 10% Straight Line
Motor Vehicle 10% Reducing Balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 57,495 46,909 3,102,318 3,206,722
Additions - - 137,406 137,406
At 31 October 2024 57,495 46,909 3,239,724 3,344,128
Depreciation
At 1 November 2023 42,496 27,789 1,747,103 1,817,388
Charge for the year 2,500 4,691 149,262 156,453
At 31 October 2024 44,996 32,480 1,896,365 1,973,841
Net book value
At 31 October 2024 12,499 14,429 1,343,359 1,370,287
At 31 October 2023 14,999 19,120 1,355,215 1,389,334
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 436,002 451,059
Corporation tax 17,933 15,828
Other taxes and social security costs 63,032 41,335
Other creditors 305,382 305,035
822,349 813,257
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 150,181 155,965
6 Other information
Amber Accident Claims Ltd is a private company limited by shares and incorporated in England. Its registered office is:
258 Dudley Road
Birmingham
B18 4HN
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