Company registration number 05884259 (England and Wales)
AMBASSADORS RESOURCING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
AMBASSADORS RESOURCING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
AMBASSADORS RESOURCING LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
247,179
250,451
Current assets
Debtors
4
132,183
133,742
Cash at bank and in hand
48,354
76,402
180,537
210,144
Creditors: amounts falling due within one year
5
(108,178)
(123,227)
Net current assets
72,359
86,917
Total assets less current liabilities
319,538
337,368
Creditors: amounts falling due after more than one year
6
(55,158)
(84,741)
Net assets
264,380
252,627
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
264,280
252,527
Total equity
264,380
252,627

The notes on pages 3 to 5 form part of these financial statements.

AMBASSADORS RESOURCING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 January 2025 and are signed on its behalf by:
Mr S J Howarth
Director
Company registration number 05884259 (England and Wales)
AMBASSADORS RESOURCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Ambassadors Resourcing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Warstone Mews, Warstone Lane, Birmingham, England, B18 6JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Computers
33% and 25% on cost
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

AMBASSADORS RESOURCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
71
71
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2023 and 31 May 2024
265,608
33,362
298,970
Depreciation and impairment
At 1 June 2023
16,042
32,477
48,519
Depreciation charged in the year
2,533
739
3,272
At 31 May 2024
18,575
33,216
51,791
Carrying amount
At 31 May 2024
247,033
146
247,179
At 31 May 2023
249,566
885
250,451
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
129,634
131,309
Other debtors
2,549
2,433
132,183
133,742
AMBASSADORS RESOURCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,977
8,373
Trade creditors
4,399
600
Taxation and social security
90,418
89,510
Other creditors
4,384
24,744
108,178
123,227
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
55,158
84,741
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
19,250
51,249
7
Loans and overdrafts
2024
2023
£
£
Bank loans
64,135
93,114
Payable within one year
8,977
8,373
Payable after one year
55,158
84,741

The long-term loans are secured by fixed charges over the assets of the company.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100

The 'A' ordinary shares of 80, and the 'B' ordinary shares of 20 rank pari passu in all respects except that the directors may at any time resolve to declare dividends on one class of share and not the other or as to differing amounts on each class.

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