Ambience Creative Designs LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC413465

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		35,750		18,000
Tangible Assets	5		100,746		35,273

			136,496		53,273
CURRENT ASSETS
Stocks	6	17,850		1,095
Debtors	7	23,831		-
Cash at bank and in hand		170,149		175,571

		211,830		176,666
Creditors: Amounts Falling Due Within One Year	8	(72,103 )		(47,539 )

NET CURRENT ASSETS (LIABILITIES)			139,727		129,127

TOTAL ASSETS LESS CURRENT LIABILITIES			276,223		182,400

Creditors: Amounts Falling Due After More Than One Year	9		(8,776 )		(19,063 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			267,447		163,337

REPRESENTED BY:
Equity
Members' other interests
Members' capital		267,447		163,337

			267,447		163,337

TOTAL MEMBERS' INTEREST
Members' other interests			267,447		163,337

			267,447		163,337

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Ambience Creative Designs LLP

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr S Wilson

Partner

30th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Ambience Creative Designs LLP is a limited liability partnership, incorporated in England & Wales, registered number OC413465 . The Registered Office is Finney Spring House, Charley Road, Shepshed, Leicestershire, LE12 9EW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Leasehold	5% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

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Ambience Creative Designs LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	60,000
Additions	25,000

As at 31 December 2024	85,000

Amortisation
As at 1 January 2024	42,000
Provided during the period	7,250

As at 31 December 2024	49,250

Net Book Value
As at 31 December 2024	35,750

As at 1 January 2024	18,000

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	6,114	6,792	19,981	4,045
Additions	5,744	5,879	73,520	3,369
Disposals	-	-	(19,981 )	-

As at 31 December 2024	11,858	12,671	73,520	7,414

Depreciation
As at 1 January 2024	306	1,698	8,741	1,493

...CONTINUED

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Ambience Creative Designs LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Provided during the period	593	2,745	5,499	2,875
Disposals	-	-	(8,741 )	-

As at 31 December 2024	899	4,443	5,499	4,368

Net Book Value
As at 31 December 2024	10,959	8,228	68,021	3,046

As at 1 January 2024	5,808	5,094	11,240	2,552


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	11,449	48,381
Additions	425	88,937
Disposals	-	(19,981 )

As at 31 December 2024	11,874	117,337

Depreciation
As at 1 January 2024	870	13,108
Provided during the period	512	12,224
Disposals	-	(8,741 )

As at 31 December 2024	1,382	16,591

Net Book Value
As at 31 December 2024	10,492	100,746

As at 1 January 2024	10,579	35,273

6. Stocks

	2024	2023
	£	£
Stock	17,850	1,095

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	6,394	-
Prepayments and accrued income	4,313	-
Other debtors	510	-
VAT	12,614	-

	23,831	-

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Ambience Creative Designs LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	58,521	30,018
Bank loans and overdrafts	10,482	10,036
VAT	-	5,213
Accruals and deferred income	3,100	2,272

	72,103	47,539

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	8,776	19,063

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