108 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 237,000 237,000 xbrli:pure xbrli:shares iso4217:GBP 08468336 2023-07-01 2024-06-30 08468336 2024-06-30 08468336 2023-06-30 08468336 2022-07-01 2023-06-30 08468336 2023-06-30 08468336 2022-06-30 08468336 core:NetGoodwill 2023-07-01 2024-06-30 08468336 bus:Director1 2023-07-01 2024-06-30 08468336 core:NetGoodwill 2024-06-30 08468336 core:LandBuildings 2023-06-30 08468336 core:PlantMachinery 2023-06-30 08468336 core:FurnitureFittings 2023-06-30 08468336 core:MotorVehicles 2023-06-30 08468336 core:LandBuildings 2024-06-30 08468336 core:PlantMachinery 2024-06-30 08468336 core:FurnitureFittings 2024-06-30 08468336 core:MotorVehicles 2024-06-30 08468336 core:LandBuildings 2023-07-01 2024-06-30 08468336 core:PlantMachinery 2023-07-01 2024-06-30 08468336 core:FurnitureFittings 2023-07-01 2024-06-30 08468336 core:MotorVehicles 2023-07-01 2024-06-30 08468336 core:WithinOneYear 2024-06-30 08468336 core:WithinOneYear 2023-06-30 08468336 core:AfterOneYear 2024-06-30 08468336 core:AfterOneYear 2023-06-30 08468336 core:ShareCapital 2024-06-30 08468336 core:ShareCapital 2023-06-30 08468336 core:RevaluationReserve 2024-06-30 08468336 core:RevaluationReserve 2023-06-30 08468336 core:RetainedEarningsAccumulatedLosses 2024-06-30 08468336 core:RetainedEarningsAccumulatedLosses 2023-06-30 08468336 core:LandBuildings 2023-06-30 08468336 core:PlantMachinery 2023-06-30 08468336 core:FurnitureFittings 2023-06-30 08468336 core:MotorVehicles 2023-06-30 08468336 bus:SmallEntities 2023-07-01 2024-06-30 08468336 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08468336 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08468336 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08468336 bus:FullAccounts 2023-07-01 2024-06-30 08468336 core:OfficeEquipment 2023-06-30 08468336 core:OfficeEquipment 2023-07-01 2024-06-30 08468336 core:OfficeEquipment 2024-06-30 08468336 core:KeyManagementPersonnel 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 08468336
Amber ARC Limited
Filleted Unaudited Financial Statements
30 June 2024
Amber ARC Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Amber ARC Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
3,137,320
3,120,273
Current assets
Debtors
7
344,981
247,044
Cash at bank and in hand
97,396
158,314
---------
---------
442,377
405,358
Creditors: amounts falling due within one year
8
468,377
535,023
---------
---------
Net current liabilities
26,000
129,665
------------
------------
Total assets less current liabilities
3,111,320
2,990,608
Creditors: amounts falling due after more than one year
9
2,577,865
2,452,076
Provisions
Taxation including deferred tax
163,561
216,596
------------
------------
Net assets
369,894
321,936
------------
------------
Capital and reserves
Called up share capital
40
40
Revaluation reserve
1,142,929
1,142,929
Profit and loss account
( 773,075)
( 821,033)
------------
------------
Shareholders funds
369,894
321,936
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Amber ARC Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Ms B A Cottrell
Director
Company registration number: 08468336
Amber ARC Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the value of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Land and buildings - 50 years straight line Plant and machinery - 25% reducing balance Fixtures and fittings - 25% reducing balance Motor vehicles - 33% reducing balance Equipment - 25% reducing balance An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 108 (2023: 87 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
237,000
---------
Amortisation
At 1 July 2023 and 30 June 2024
237,000
---------
Carrying amount
At 30 June 2024
---------
At 30 June 2023
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jul 2023
3,438,998
265,194
402,681
5,150
30,619
4,142,642
Additions
87,828
1,700
27,437
10,597
127,562
------------
---------
---------
-------
--------
------------
At 30 Jun 2024
3,526,826
266,894
430,118
5,150
41,216
4,270,204
------------
---------
---------
-------
--------
------------
Depreciation
At 1 Jul 2023
455,338
250,675
291,632
3,784
20,940
1,022,369
Charge for the year
69,992
7,287
30,474
342
2,420
110,515
------------
---------
---------
-------
--------
------------
At 30 Jun 2024
525,330
257,962
322,106
4,126
23,360
1,132,884
------------
---------
---------
-------
--------
------------
Carrying amount
At 30 Jun 2024
3,001,496
8,932
108,012
1,024
17,856
3,137,320
------------
---------
---------
-------
--------
------------
At 30 Jun 2023
2,983,660
14,519
111,049
1,366
9,679
3,120,273
------------
---------
---------
-------
--------
------------
The revaluation was undertaken in December 2020 by an independent valuation firm namely Knight Frank as RICS registered Valuers to reflect the market value of the property. Had the valuation not been undertaken the property would have been held at a value of £1,778,977. The valuation has been performed on an adjusted profits multiple for the business which operates out of the property.
7. Debtors
2024
2023
£
£
Trade debtors
217,062
129,759
Other debtors
127,919
117,285
---------
---------
344,981
247,044
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
73,078
Trade creditors
74,360
65,088
Social security and other taxes
61,744
156,267
Other creditors
259,195
313,668
---------
---------
468,377
535,023
---------
---------
At the balance sheet date, Barlcays Bank PLC hold fixed and floating charges over the property or undertakings of the company.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,487,884
1,633,076
Other creditors
1,089,981
819,000
------------
------------
2,577,865
2,452,076
------------
------------
The bank loans disclosed under creditors falling due after more than one year are secured by way of a fixed charge over the assets of the company.
10. Related party transactions
At the year end the company owed a director £8,783 (2023: £10,700).