Amboseli Wealth Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07470102 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Amboseli Wealth Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S W Eathorne

Mrs A J Eathorne

REGISTERED OFFICE:

Tamerosa

16 Chapel Close

Kehelland

Camborne

Cornwall

TR14 0DB

REGISTERED NUMBER:

07470102 (England and Wales)

ACCOUNTANTS:

Briants Limited

Maritime House

Discovery Quay

Falmouth

Cornwall

TR11 3XA

FIXED ASSETS

Tangible assets

4

36,295

46,471

CURRENT ASSETS

Debtors

5

163,285

130,959

Cash at bank

5,879

4,243

169,164

135,202

CREDITORS

Amounts falling due within one year

6

187,906

136,111

NET CURRENT LIABILITIES

(18,742

)

(909

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,553

45,562

CREDITORS

Amounts falling due after more than one
year

7

(10,562

)

(36,609

)

PROVISIONS FOR LIABILITIES

(6,896

)

(8,830

)

NET ASSETS

95

123

CAPITAL AND RESERVES

Called up share capital

20

Retained earnings

75

103

SHAREHOLDERS' FUNDS

95

123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs A J Eathorne - Director

1.	STATUTORY INFORMATION

Amboseli Wealth Management 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.

The accounts have been prepared on a going concern basis as the directors have indicated that they are willing to support the business whilst the deficiency of assets persists.

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

771

3,531

76,340

6,984

87,626

Additions

-

1,581

At 31 December 2024

771

3,531

76,340

8,565

89,207

DEPRECIATION

At 1 January 2024

278

3,253

33,399

4,225

41,155

Charge for year

98

56

10,735

868

11,757

At 31 December 2024

376

3,309

44,134

5,093

52,912

NET BOOK VALUE

At 31 December 2024

395

222

32,206

3,472

36,295

At 31 December 2023

493

278

42,941

2,759

46,471

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

41,225

33,068

Directors' current accounts

122,060

97,891

163,285

130,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other loans

10,648

Hire purchase contracts

17,817

Tax

135,549

76,010

Social security and other taxes

5,948

2

VAT

16,577

16,984

Other creditors

-

11,982

Accrued expenses

1,367

2,668

187,906

136,111

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2024

2023

£

Other loans - 1-2 years

4,164

14,302

Hire purchase contracts

6,398

22,307

10,562

36,609

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

S W Eathorne and Mrs A J Eathorne

Balance outstanding at start of year

97,801

29,279

Amounts advanced

268,695

286,349

Amounts repaid

(244,437

)

(217,827

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

122,059

97,801

Interest is charged at 2.25% on any overdrawn balances over £20,000.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.