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Registered number: 01802610
Ambrit Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01802610
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 493,688 503,679
Tangible Assets 5 30,436 23,344
Investments 6 8 8
524,132 527,031
CURRENT ASSETS
Debtors 7 502,960 714,002
Cash at bank and in hand 1,253,620 953,584
1,756,580 1,667,586
Creditors: Amounts Falling Due Within One Year 8 (407,599 ) (382,935 )
NET CURRENT ASSETS (LIABILITIES) 1,348,981 1,284,651
TOTAL ASSETS LESS CURRENT LIABILITIES 1,873,113 1,811,682
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,608 ) (4,435 )
NET ASSETS 1,865,505 1,807,247
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 1,855,505 1,797,247
SHAREHOLDERS' FUNDS 1,865,505 1,807,247
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For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
I Webb
Director
16 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ambrit Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01802610 . The registered office is The Friars, 82 High Street South, Dunstable, Bedfordshire, LU6 3HD.
The presentation currency of the financial statements is the Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
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.
2.4. Research and Development
Development costs are recognised as an intangible asset once the company can demonstrate all of the following:
- the technical feasibility of completing the asset so that it will be available for use or sale;
- the intention to complete the asset and use or sell it;
- the ability to use or sell the asset;
- the asset will generate probable future economic benefits and demonstrate the existence of a market or the   usefulness of the asset if it is to be used internally;
- the availability of adequate technical, financial and other resources to complete the development and to      use or sell it; and
- the ability to measure reliably the expenditure attributable to the intangible asset.
Development costs are being amortised evenly over their estimated useful life of three years.
Computer software is being amortised evenly over its estimated useful life of three years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings at variable rates on reducing balance
Computer Equipment at variable rates on reducing balance
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
2.9. Investments in subsidaries
Investments in subsidiaries are recognised at cost.
2.10. Pension costs
The company contributes towards employees defined contribution pensions schemes. Contributions payable to employees pension schemes are charged to the profit or loss in the period to which they relate. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 14)
15 14
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4. Intangible Assets
Computer software Development Costs Total
£ £ £
Cost
As at 1 October 2023 16,825 4,628,279 4,645,104
Additions - 451,690 451,690
Disposals (16,825 ) - (16,825 )
As at 30 September 2024 - 5,079,969 5,079,969
Amortisation
As at 1 October 2023 16,747 4,124,678 4,141,425
Provided during the period - 461,603 461,603
Disposals (16,747 ) - (16,747 )
As at 30 September 2024 - 4,586,281 4,586,281
Net Book Value
As at 30 September 2024 - 493,688 493,688
As at 1 October 2023 78 503,601 503,679
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 1,267 138,988 140,255
Additions - 17,575 17,575
Disposals - (61,202 ) (61,202 )
As at 30 September 2024 1,267 95,361 96,628
Depreciation
As at 1 October 2023 651 116,260 116,911
Provided during the period 184 8,555 8,739
Disposals - (59,458 ) (59,458 )
As at 30 September 2024 835 65,357 66,192
Net Book Value
As at 30 September 2024 432 30,004 30,436
As at 1 October 2023 616 22,728 23,344
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6. Investments
Unlisted
£
Cost
As at 1 October 2023 8
As at 30 September 2024 8
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 8
As at 1 October 2023 8
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 491,956 536,662
Prepayments and accrued income 9,267 20,304
Corporation tax rebate - 156,795
VAT 1,737 241
502,960 714,002
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,590 5,573
Corporation tax 174,278 -
Other taxes and social security 17,313 13,302
Other creditors 7,221 2,773
Accruals and deferred income 35,392 60,372
Directors' loan accounts 689 724
Amounts owed to subsidiaries 165,116 300,191
407,599 382,935
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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