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REGISTERED NUMBER: 09658094 (England and Wales)















AMBETUS SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AMBETUS SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A P Brown
Mrs R Brown





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 09658094 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,801 81,602
Investment property 6 501,997 -
567,798 81,602

CURRENT ASSETS
Stocks 800 18,317
Debtors 7 125,517 182,046
Cash at bank 358,040 729,483
484,357 929,846
CREDITORS
Amounts falling due within one year 8 269,371 320,211
NET CURRENT ASSETS 214,986 609,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,784

691,237

PROVISIONS FOR LIABILITIES 16,450 20,401
NET ASSETS 766,334 670,836

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 766,234 670,736
SHAREHOLDERS' FUNDS 766,334 670,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2025 and were signed on its behalf by:





A P Brown - Director


AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Ambetus Solutions 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 2016, has been fully amortised.

Formation costs
Formation costs have been amortised fully in the first period of trading.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Bicycles - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 14,500 179 14,679
AMORTISATION
At 1 July 2023
and 30 June 2024 14,500 179 14,679
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Plant and
fittings machinery Bicycles
£    £    £   
COST
At 1 July 2023 3,109 51,075 4,585
Additions - - 3,466
Disposals - - (3,875 )
At 30 June 2024 3,109 51,075 4,176
DEPRECIATION
At 1 July 2023 1,247 15,118 4,159
Charge for year 186 7,194 835
Eliminated on disposal - - (3,875 )
At 30 June 2024 1,433 22,312 1,119
NET BOOK VALUE
At 30 June 2024 1,676 28,763 3,057
At 30 June 2023 1,862 35,957 426

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 106,886 8,475 174,130
Additions - - 3,466
Disposals - - (3,875 )
At 30 June 2024 106,886 8,475 173,721
DEPRECIATION
At 1 July 2023 66,777 5,227 92,528
Charge for year 10,027 1,025 19,267
Eliminated on disposal - - (3,875 )
At 30 June 2024 76,804 6,252 107,920
NET BOOK VALUE
At 30 June 2024 30,082 2,223 65,801
At 30 June 2023 40,109 3,248 81,602

6. INVESTMENT PROPERTY
Total
£   
COST
Additions 501,997
At 30 June 2024 501,997
NET BOOK VALUE
At 30 June 2024 501,997

AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,062 179,024
Directors' current accounts 2,141 2,772
Prepayments and accrued income 10,314 250
125,517 182,046

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 169,446 247,170
Tax 60,748 30,960
Social security and other taxes 1,956 1,942
VAT 33,631 36,801
Accruals and deferred income 3,590 3,338
269,371 320,211

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 670,736
Profit for the year 170,498
Dividends (75,000 )
At 30 June 2024 766,234

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A P Brown and Mrs R Brown
Balance outstanding at start of year 2,772 (51,057 )
Amounts advanced 75,379 135,919
Amounts repaid (76,010 ) (82,090 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,141 2,772

AMBETUS SOLUTIONS LTD (REGISTERED NUMBER: 09658094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2023 - £81,000) were paid to the directors .