Ambitious Limited - Accounts to registrar (filleted) - small 18.2

Ambitious Limited - Accounts to registrar (filleted) - small 18.2

AMBITIOUS LIMITED - Company Information

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REGISTERED NUMBER: 07964801 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Ambitious Limited

Ambitious Limited (Registered number: 07964801)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Ambitious Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: W Weaver
L Debenham





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 07964801 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE
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Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ambitious Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Ambitious Limited for the year ended 31 December 2018 which comprise the Income Statement,
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ambitious Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ambitious Limited and state those matters that we have agreed to state to the Board of Directors of Ambitious Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ambitious Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ambitious Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ambitious Limited. You consider that Ambitious Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ambitious Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


26 September 2019

This page does not form part of the statutory financial statements

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Ambitious Limited (Registered number: 07964801)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5,878 7,800

CURRENT ASSETS
Debtors 4 13,555 4,432
Cash at bank 2,725 3,697
16,280 8,129
CREDITORS
Amounts falling due within one year 5 18,466 14,369
NET CURRENT LIABILITIES (2,186 ) (6,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,692
1,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,592 1,460
SHAREHOLDERS' FUNDS 3,692 1,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 September 2019 and were signed on its behalf
by:





W Weaver - Director


The notes form part of these financial statements

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Ambitious Limited (Registered number: 07964801)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Ambitious 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.

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.
Plant and machinery - 10% on cost
Computer equipment - 25% 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.

-4- continued...
Ambitious Limited (Registered number: 07964801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018 22,000
Additions 353
At 31 December 2018 22,353
DEPRECIATION
At 1 January 2018 14,200
Charge for year 2,275
At 31 December 2018 16,475
NET BOOK VALUE
At 31 December 2018 5,878
At 31 December 2017 7,800

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 4,190 3,750
Other debtors 9,365 682
13,555 4,432

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - (1 )
Taxation and social security - 1,470
Other creditors 18,466 12,900
18,466 14,369

6. ULTIMATE CONTROLLING PARTY

The controlling party is W Weaver.

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