REGISTERED NUMBER: 04196201 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

AMBIT STAINLESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A R Mower

SECRETARY:

Mrs L D Mower

REGISTERED OFFICE:

Unit 16

Farthing Road

Ipswich

IP1 5AP

REGISTERED NUMBER:

04196201 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

4,291

6,335

CURRENT ASSETS

Stocks

15,368

15,368

Debtors

5

66,581

99,545

Cash at bank

43,810

27,688

125,759

142,601

CREDITORS

Amounts falling due within one year

6

85,536

96,850

NET CURRENT ASSETS

40,223

45,751

TOTAL ASSETS LESS CURRENT LIABILITIES

44,514

52,086

CREDITORS

Amounts falling due after more than one year

7

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

9

-

(102

)

NET ASSETS

42,847

40,317

CAPITAL AND RESERVES

Called up share capital

10

30,000

30,000

Retained earnings

12,847

10,317

SHAREHOLDERS' FUNDS

42,847

40,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22nd December 2025 and were signed by:

A R Mower - Director

1.	STATUTORY INFORMATION

Ambit Stainless Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures, fittings and equipment

-

25% reducing balance / 33% straight line

Small tools

-

25% 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

to

Plant and

and

Small

property

machinery

equipment

tools

Totals

£

£

£

£

£

COST

At 1st April 2024

13,026

33,850

2,740

7,289

56,905

Additions

-

-

530

-

530

Disposals

-

-

(532

)

-

(532

)

At 31st March 2025

13,026

33,850

2,738

7,289

56,903

DEPRECIATION

At 1st April 2024

9,479

31,062

2,740

7,289

50,570

Charge for year

1,715

697

162

-

2,574

Eliminated on disposal

-

-

(532

)

-

(532

)

At 31st March 2025

11,194

31,759

2,370

7,289

52,612

NET BOOK VALUE

At 31st March 2025

1,832

2,091

368

-

4,291

At 31st March 2024

3,547

2,788

-

-

6,335

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,590

79,783

Amounts owed by group undertakings

18,614

7,147

Other debtors

8,742

3,117

Directors' current accounts

-

672

VAT

1,093

-

Prepayments and accrued income

9,542

8,826

66,581

99,545

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,073

10,000

Trade creditors

39,598

38,226

Amounts owed to group undertakings

4,185

7,950

Tax

-

797

Social security and other taxes

2,796

5,489

VAT

-

4,935

Pensions

512

232

Accruals and deferred income

24,372

29,221

85,536

96,850

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,667

11,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

4,073

-

Bank loans

11,667

21,667

15,740

21,667

The director has given a personal guarantee to the company bankers.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

102

Deferred

tax

£

Balance at 1st April 2024

102

Credit to Income Statement during year

(102

)

Balance at 31st March 2025

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30,000

Ordinary

£1

30,000

30,000