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REGISTERED NUMBER: 05814826 (England and Wales)












AMBASSADOR WINDOW SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

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










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AMBASSADOR WINDOW SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S L Hedison
J Keck





SECRETARY: S L Hedison





REGISTERED OFFICE: Holly Road
Skegness
Lincolnshire
PE25 3TE





REGISTERED NUMBER: 05814826 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 39,240 48,878

CURRENT ASSETS
Stocks 39,285 57,792
Debtors 1,054,388 1,052,631
Cash in hand 313 65
1,093,986 1,110,488
CREDITORS
Amounts falling due within one year 332,839 270,597
NET CURRENT ASSETS 761,147 839,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,387

888,769

CREDITORS
Amounts falling due after more than one year 199,087 313,230
NET ASSETS 601,300 575,539

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 601,200 575,439
SHAREHOLDERS' FUNDS 601,300 575,539

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.

AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 March 2025 and were signed on its behalf by:





S L Hedison - Director


AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

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


1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - Straight line over 12 years
Motor vehicles - at variable rates on reducing balance
Office equipment - at variable rates 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.

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.

AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

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


1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 221,766
Additions 3,250
At 30 June 2024 225,016
DEPRECIATION
At 1 July 2023 172,888
Charge for year 12,888
At 30 June 2024 185,776
NET BOOK VALUE
At 30 June 2024 39,240
At 30 June 2023 48,878

AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

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


3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023
and 30 June 2024 53,594
DEPRECIATION
At 1 July 2023 13,399
Charge for year 10,048
At 30 June 2024 23,447
NET BOOK VALUE
At 30 June 2024 30,147
At 30 June 2023 40,195

4. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 269,008 375,742
Hire purchase contracts 36,191 43,600
305,199 419,342