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REGISTERED NUMBER: 04184802 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 June 2024

for

Amber Construction Services Limited

Amber Construction Services Limited (Registered number: 04184802)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


Amber Construction Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr H Gunay
Ms H John
Mr W Watts
Mr S Lacey





SECRETARY: Mrs L J Gunay





REGISTERED OFFICE: Unit 5
Rippleside Commercial Estate
Ripple Road
Barking
Essex
IG11 0RJ





REGISTERED NUMBER: 04184802 (England and Wales)





AUDITORS: Nielsens
Chartered Accountants
& Statutory Auditors
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Amber Construction Services Limited (Registered number: 04184802)

Strategic Report
for the Year Ended 30 June 2024

The directors present their strategic report for the year ended 30 June 2024.

REVIEW OF BUSINESS
The key financial highlights are as follow:

2024 2023

Sales £42,642,217 £28,271,026

Gross Profit £10,484,635 24.59% £7,161,422 24.93%

Net Profit £3,396,150 7.96% £1,465,969 5.10%

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties facing the company are existing competitors and their impact on the company's market share and profit margins. Also, as the business grows organically, we have become visible to our competitors and are at risk of retaining key staff. The directors continue to focus on these factors in their strategy for the future.

The business is in a strong position securing long term framework contracts with numerous public sector clients. However, the entire construction industry is at risk from unstable labour and material prices and shortage of skilled labour.

However, we constantly engage with our suppliers and manufacturers to ensure we are aware early of any potential price increases in order that we can source alternative cost-effective solutions.

FUTURE DEVELOPMENTS
With a confirmed healthy order book for the foreseeable future, the company has now tailored its operations to solely concentrate all its business activities with Local Authorities, Schools, Hospitals, Housing Associations and selected blue chip organisations.

We benefit from repeat business, and this is a testament to the companies' commitment to safety, quality, and customer care. This ethos will continue, and we will focus on new employees joining the business to ensure they fully embrace our business values.

The Directors have an in-depth understanding of the marketplace and have strengthened key areas of the business to ensure we remain competitive, safe, and well managed.

FINANCIAL INSTRUMENTS
The company has a below normal level of exposure to price, liquidity and cash flow risk arising from trading activities due to our strong cash position, no debt, and positive relationships we hold with our clients.

RESEARCH AND DEVELOPMENT
The company is currently implementing innovative processes to constantly improve the delivery of our service and internal reporting.

ON BEHALF OF THE BOARD:





Mr H Gunay - Director


24 December 2024

Amber Construction Services Limited (Registered number: 04184802)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of construction management and specialist in disabled adaptations, building refurbishment and named flat and pitched roofing systems.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Mr H Gunay
Ms H John
Mr W Watts
Mr S Lacey

Other changes in directors holding office are as follows:

Mr G Case - resigned 1 May 2024

POLITICAL DONATIONS AND EXPENDITURE
There were no political donations made during the year. All donations were for charitable and social purposes.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Amber Construction Services Limited (Registered number: 04184802)

Report of the Directors
for the Year Ended 30 June 2024


AUDITORS
The auditors, Nielsens, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr H Gunay - Director


24 December 2024

Report of the Independent Auditors to the Members of
Amber Construction Services Limited

Opinion
We have audited the financial statements of Amber Construction Services Limited (the 'company') for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Amber Construction Services Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Amber Construction Services Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the committee members and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Amber Construction Services Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mukesh Mandalia BSc FCA (Senior Statutory Auditor)
for and on behalf of Nielsens
Chartered Accountants
& Statutory Auditors
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

24 December 2024

Amber Construction Services Limited (Registered number: 04184802)

Statement of Income and
Retained Earnings
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   

TURNOVER 42,642,217 28,721,026

Cost of sales 32,157,582 21,559,604
GROSS PROFIT 10,484,635 7,161,422

Distribution costs 38,859 16,933
Administrative expenses 7,590,884 5,808,833
7,629,743 5,825,766
2,854,892 1,335,656

Other operating income 7,257 6,492
OPERATING PROFIT 4 2,862,149 1,342,148

Interest receivable and similar income 538,766 128,400
3,400,915 1,470,548

Interest payable and similar expenses 6 4,765 4,579
PROFIT BEFORE TAXATION 3,396,150 1,465,969

Tax on profit 7 897,175 318,335
PROFIT FOR THE FINANCIAL YEAR 2,498,975 1,147,634

Retained earnings at beginning of year 7,697,929 6,550,295

RETAINED EARNINGS AT END OF
YEAR

10,196,904

7,697,929

Amber Construction Services Limited (Registered number: 04184802)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 235,574 275,365

CURRENT ASSETS
Debtors 9 10,549,800 11,413,651
Cash at bank 12,191,521 8,244,883
22,741,321 19,658,534
CREDITORS
Amounts falling due within one year 10 11,558,240 11,800,114
NET CURRENT ASSETS 11,183,081 7,858,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,418,655

8,133,785

CREDITORS
Amounts falling due after more than one
year

11

(1,094,521

)

(310,858

)

PROVISIONS FOR LIABILITIES 12 (57,230 ) (54,998 )
NET ASSETS 10,266,904 7,767,929

CAPITAL AND RESERVES
Called up share capital 13 70,000 70,000
Retained earnings 14 10,196,904 7,697,929
SHAREHOLDERS' FUNDS 10,266,904 7,767,929

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





Mr H Gunay - Director


Amber Construction Services Limited (Registered number: 04184802)

Cash Flow Statement
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,737,061 1,646,094
Interest paid (4,765 ) (3,281 )
Interest element of hire purchase or finance
lease rental payments paid

-

(1,298

)
Government grants 7,257 6,492
Tax paid (294,348 ) (181,557 )
Net cash from operating activities 3,445,205 1,466,450

Cash flows from investing activities
Purchase of tangible fixed assets (64,367 ) (196,401 )
Sale of tangible fixed assets 27,034 -
Interest received 538,766 128,400
Net cash from investing activities 501,433 (68,001 )

Cash flows from financing activities
Capital repayments in year - (15,713 )
Amount withdrawn by directors - (414 )
Net cash from financing activities - (16,127 )

Increase in cash and cash equivalents 3,946,638 1,382,322
Cash and cash equivalents at beginning of
year

2

8,244,883

6,862,561

Cash and cash equivalents at end of year 2 12,191,521 8,244,883

Amber Construction Services Limited (Registered number: 04184802)

Notes to the Cash Flow Statement
for the Year Ended 30 June 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.6.24 30.6.23
£    £   
Profit before taxation 3,396,150 1,465,969
Depreciation charges 78,525 91,788
Profit on disposal of fixed assets (1,401 ) -
Government grants (7,257 ) (6,492 )
Finance costs 4,765 4,579
Finance income (538,766 ) (128,400 )
2,932,016 1,427,444
Decrease/(increase) in trade and other debtors 863,851 (5,088,749 )
(Decrease)/increase in trade and other creditors (58,806 ) 5,307,399
Cash generated from operations 3,737,061 1,646,094

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 12,191,521 8,244,883
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 8,244,883 6,862,561


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank 8,244,883 3,946,638 12,191,521
8,244,883 3,946,638 12,191,521
Total 8,244,883 3,946,638 12,191,521

Amber Construction Services Limited (Registered number: 04184802)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Amber Construction Services 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long-term contracts
Long-term contracts have been assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract. Where it is considered that the outcome of the long term contract can be assessed with reasonable certainty before its conclusion, the attributable profit has been calculated on a prudent basis and recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

Amber Construction Services Limited (Registered number: 04184802)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS
30.6.24 30.6.23
£    £   
Wages and salaries 5,506,003 4,194,743
Social security costs 649,888 501,638
Other pension costs 246,159 95,057
6,402,050 4,791,438

The average number of employees during the year was as follows:
30.6.24 30.6.23

Director 5 5
Staff 86 71
91 76

30.6.24 30.6.23
£    £   
Directors' remuneration 1,237,006 674,712

Information regarding the highest paid director is as follows:
30.6.24 30.6.23
£    £   
Emoluments etc 628,310 329,694

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.6.24 30.6.23
£    £   
Depreciation - owned assets 78,524 91,788
Profit on disposal of fixed assets (1,401 ) -

5. AUDITORS' REMUNERATION
30.6.24 30.6.23
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

6,000

6,000

Fees payable to the company's auditors for non-audit services was £14,150 (2022: £14,150).

6. INTEREST PAYABLE AND SIMILAR EXPENSES
30.6.24 30.6.23
£    £   
Bank charges 4,765 3,281
Hire purchase - 1,298
4,765 4,579

Amber Construction Services Limited (Registered number: 04184802)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.6.24 30.6.23
£    £   
Current tax:
UK corporation tax 894,943 294,348

Deferred tax 2,232 23,987
Tax on profit 897,175 318,335

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.6.24 30.6.23
£    £   
Profit before tax 3,396,150 1,465,969
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 20.495%)

849,038

300,450

Effects of:
Expenses not deductible for tax purposes 36,063 16,695
Capital allowances in excess of depreciation - (22,797 )
Depreciation in excess of capital allowances 9,842 -

Remeasurement of deferred tax provision 2,232 23,987
Total tax charge 897,175 318,335

8. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 236,280 483,751 720,031
Additions 18,727 45,640 64,367
Disposals - (90,390 ) (90,390 )
At 30 June 2024 255,007 439,001 694,008
DEPRECIATION
At 1 July 2023 178,535 266,131 444,666
Charge for year 19,118 59,406 78,524
Eliminated on disposal - (64,756 ) (64,756 )
At 30 June 2024 197,653 260,781 458,434
NET BOOK VALUE
At 30 June 2024 57,354 178,220 235,574
At 30 June 2023 57,745 217,620 275,365

Amber Construction Services Limited (Registered number: 04184802)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 3,948,328 6,255,437
Other debtors 3,900 8,284
Related company account 6,497,885 5,028,100
Prepayments 99,687 75,259
10,549,800 11,367,080

Amounts falling due after more than one year:
Other debtors - 46,571

Aggregate amounts 10,549,800 11,413,651

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,505,838 1,804,274
Tax 894,943 294,348
Social security and other taxes 172,310 200,471
VAT 1,057,316 1,312,319
Accrued expenses 6,927,833 8,188,702
11,558,240 11,800,114

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,094,521 310,858

12. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 57,230 54,998

Deferred
tax
£   
Balance at 1 July 2023 54,998
Provided during year 2,232
Balance at 30 June 2024 57,230

Amber Construction Services Limited (Registered number: 04184802)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
70,000 Ordinary £1 70,000 70,000

14. RESERVES
Retained
earnings
£   

At 1 July 2023 7,697,929
Profit for the year 2,498,975
At 30 June 2024 10,196,904

15. RELATED PARTY DISCLOSURES

Amber Property Portfolio Ltd

Mr H Gunay is a director and shareholder of this company.

At 30 June 2024, there is a loan balance of £6,497,885 (2023: £5,028,100) due from Amber Property Portfolio Ltd. Interest is charged at the statutory rate of 2.25%. The loan is unsecured and payable on demand.

16. ULTIMATE CONTROLLING PARTY

The controlling party is Amber Construction Group Ltd.

The ultimate controlling party is Mr H Gunay.