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REGISTERED NUMBER: SC381387 (Scotland)












Unaudited Financial Statements for the Year Ended 30 June 2023

for

ArdMoor Limited

ArdMoor Limited (Registered number: SC381387)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ArdMoor Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: C E A Barlow
A M K Stodart
T Patten





REGISTERED OFFICE: The Granary
Kingston
North Berwick
EH39 5LT





REGISTERED NUMBER: SC381387 (Scotland)





ACCOUNTANTS: Braidwood Graham Ltd
Chartered Accountants
4 Copperbeech Court
Cavalry Park
Peebles
Borders
EH45 9BU

ArdMoor Limited (Registered number: SC381387)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,712 38,371
Tangible assets 5 8,481 9,197
31,193 47,568

CURRENT ASSETS
Stocks 462,087 384,570
Debtors 6 30,249 21,157
Cash at bank and in hand 120,244 11,976
612,580 417,703
CREDITORS
Amounts falling due within one year 7 159,318 81,368
NET CURRENT ASSETS 453,262 336,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,455

383,903

CREDITORS
Amounts falling due after more than one
year

8

1,048,076

798,100
NET LIABILITIES (563,621 ) (414,197 )

CAPITAL AND RESERVES
Called up share capital 1,923 1,923
Share premium 269,077 269,077
Retained earnings (834,621 ) (685,197 )
(563,621 ) (414,197 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

ArdMoor Limited (Registered number: SC381387)

Balance Sheet - continued
30 June 2023


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 31 August 2023 and were signed on its behalf by:





A M K Stodart - Director


ArdMoor Limited (Registered number: SC381387)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

ArdMoor Limited is a private company, limited by shares , registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trading Website is being amortised evenly over its estimated useful life of five years.

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 etc - 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.

ArdMoor Limited (Registered number: SC381387)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022 92,344
Additions 2,929
At 30 June 2023 95,273
AMORTISATION
At 1 July 2022 53,973
Charge for year 18,588
At 30 June 2023 72,561
NET BOOK VALUE
At 30 June 2023 22,712
At 30 June 2022 38,371

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 42,651
Additions 2,005
At 30 June 2023 44,656
DEPRECIATION
At 1 July 2022 33,454
Charge for year 2,721
At 30 June 2023 36,175
NET BOOK VALUE
At 30 June 2023 8,481
At 30 June 2022 9,197

ArdMoor Limited (Registered number: SC381387)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 12,268 3,735
Other debtors 17,981 17,422
30,249 21,157

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 126,199 61,094
Taxation and social security 6,938 8,583
Other creditors 26,181 11,691
159,318 81,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 1,048,076 798,100

9. RELATED PARTY DISCLOSURES

At the year end, the company owed director Anthony Stodart £868,076 (2022: £798,100) The director made loans to the company of £70,000 during the year. The loan will be repaid when there are sufficient profits available.

A Stodart did not take a salary from the company in the year to 30 June 2023.

Accrued Interest of £30,819 which had been charged in prior years on the loan, has been reversed in the profit and loss account and will not be paid to the Director.

Included in creditors is an amount due to A Stodart for £19,828 for office costs. This was paid post year end.