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REGISTERED NUMBER: 05803209 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

AMBICAN (UK) LTD

AMBICAN (UK) LTD (REGISTERED NUMBER: 05803209)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMBICAN (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: K Tanna
D G Tanna
Mrs B K Tanna
Mrs M N G Tanna





SECRETARY: D G Tanna





REGISTERED OFFICE: 2 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7SA





REGISTERED NUMBER: 05803209 (England and Wales)





ACCOUNTANTS: Auctus Accountants Ltd
2 Churchill Court
58 Station Road
Harrow
Middlesex
HA2 7SA

AMBICAN (UK) LTD (REGISTERED NUMBER: 05803209)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,120 9,179
Tangible assets 5 91,446 89,945
97,566 99,124

CURRENT ASSETS
Stocks 891,618 1,009,172
Debtors 6 872,017 923,678
Cash at bank and in hand 4,111,291 3,309,763
5,874,926 5,242,613
CREDITORS
Amounts falling due within one year 7 826,328 964,947
NET CURRENT ASSETS 5,048,598 4,277,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,146,164

4,376,790

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,145,164 4,375,790
5,146,164 4,376,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

AMBICAN (UK) LTD (REGISTERED NUMBER: 05803209)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





K Tanna - Director


AMBICAN (UK) LTD (REGISTERED NUMBER: 05803209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Ambican (Uk) Ltd 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" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

AMBICAN (UK) LTD (REGISTERED NUMBER: 05803209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 30,000 10,625 19,966 60,591
AMORTISATION
At 1 June 2023 30,000 7,437 13,975 51,412
Amortisation for year - 1,063 1,996 3,059
At 31 May 2024 30,000 8,500 15,971 54,471
NET BOOK VALUE
At 31 May 2024 - 2,125 3,995 6,120
At 31 May 2023 - 3,188 5,991 9,179

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 68,322 37,198 173,832 11,870 291,222
Additions 30,685 - - - 30,685
At 31 May 2024 99,007 37,198 173,832 11,870 321,907
DEPRECIATION
At 1 June 2023 51,989 27,477 112,025 9,786 201,277
Charge for year 11,754 1,458 15,451 521 29,184
At 31 May 2024 63,743 28,935 127,476 10,307 230,461
NET BOOK VALUE
At 31 May 2024 35,264 8,263 46,356 1,563 91,446
At 31 May 2023 16,333 9,721 61,807 2,084 89,945

AMBICAN (UK) LTD (REGISTERED NUMBER: 05803209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 311,536 312,746
Amounts owed by participating interests 331,610 331,000
Other debtors 89,895 137,138
Prepayments and accrued income 138,976 142,794
872,017 923,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 299,080 487,360
Tax 330,839 257,227
Social security and other taxes 1,893 3,880
VAT 171,784 207,607
Other creditors 12,477 1,416
Pension payable 3,249 1,969
Directors' current accounts 2,881 263
Accrued expenses 4,125 5,225
826,328 964,947

8. RELATED PARTY DISCLOSURES

Included in the debtors an amount of £331,610 (2023 - £331,000) receivable from Hansai Properties Ltd, a company in which Mr D Tanna & Mr K Tanna are directors and shareholders of.