Ambush Reality Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05868940 (England and Wales)

Financial Statements for the Year Ended 30 June 2022

for

Ambush Reality Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Batten

L R Clewlow

R Reynolds

R Rolfe

SECRETARY:

REGISTERED OFFICE:

235 The Ridgeway

St Albans

Hertfordshire

AL4 9XG

REGISTERED NUMBER:

05868940 (England and Wales)

ACCOUNTANTS:

Mansfield & Co Chartered Accountants

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Tangible assets

4

-

83

CURRENT ASSETS

Stocks

58,456

48,153

Debtors

5

404,068

148,867

Prepayments and accrued income

16,356

6,844

Cash at bank

206,193

233,128

685,073

436,992

CREDITORS

Amounts falling due within one year

6

316,716

129,099

NET CURRENT ASSETS

368,357

307,893

TOTAL ASSETS LESS CURRENT LIABILITIES

368,357

307,976

CREDITORS

Amounts falling due after more than one year

7

36,537

48,958

NET ASSETS

331,820

259,018

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

331,816

259,014

SHAREHOLDERS' FUNDS

331,820

259,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 13 January 2023 and were signed on its behalf by:

R Reynolds - Director

1.	STATUTORY INFORMATION

Ambush Reality 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.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

and 30 June 2022

8,870

DEPRECIATION

At 1 July 2021

8,787

Charge for year

83

At 30 June 2022

8,870

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

83

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

255,747

625

Other debtors

148,321

148,242

404,068

148,867

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans and overdrafts

12,422

1,042

Trade creditors

114,258

66,116

Taxation and social security

6,406

661

Other creditors

183,630

61,280

316,716

129,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans

36,537

48,958

8.	RELATED PARTY DISCLOSURES

Enter Shikari Limited

A company owned by the same shareholders

During the year Enter Shikari Limited recharged Ambush Reality Limited £33,588 (2021 : £10,601) in respect of Equipment hire, use of intellectual property and Artiste services.

During the year Enter Shikari Limited paid Ambush Reality Limited £0 (2021 : £12,000) in respect of tour support.

The amount owed by Enter Shikari Limited to Ambush Reality Limited at the balance sheet date was

£138,499, (2021 £130,990).

C Batten

During the year Mr Batten charged the company fees on a self-employed basis in the amount of £30,000 (2021 : £30,000) for his services as a musician and disc jockey.

The amount due to the related party at the balance sheet date was £11,470 (2020 : £1,478)

L R Clewlow

During the year Mr Batten charged the company fees on a self-employed basis in the amount of £30,000 (2021 : £30,000) for his services as a musician and disc jockey

The amount due to the related party at the balance sheet date was £12,910 (2020 : £2,824).

R Reynolds

During the year Mr Batten charged the company fees on a self-employed basis in the amount of £30,000 (2021 : £30,000) for his services as a musician and disc jockey

The amount due to the related party at the balance sheet date was £11,806 (2020 : £2,318)

R Rolfe

During the year Mr Batten charged the company fees on a self-employed basis in the amount of £30,000 (2021 : £30,000) for his services as a musician and disc jockey

The amount due to the related party at the balance sheet date was £13,350 (2020 : £3,259)