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REGISTERED NUMBER: 08519547 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

The Armadillo Custom Embroidery Company
Limited

The Armadillo Custom Embroidery Company
Limited (Registered number: 08519547)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Armadillo Custom Embroidery Company
Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: D G J Carson





SECRETARY: D G J Carson





REGISTERED OFFICE: Unit 8 Portsmouth Enterprise Centre
Quartremaine Road
Portsmouth
Hampshire
PO3 5QT





REGISTERED NUMBER: 08519547 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

The Armadillo Custom Embroidery Company
Limited (Registered number: 08519547)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,072 25,961

CURRENT ASSETS
Stocks 20,000 21,500
Debtors 5 15,712 -
Cash at bank 47,408 48,760
83,120 70,260
CREDITORS
Amounts falling due within one year 6 124,150 65,880
NET CURRENT (LIABILITIES)/ASSETS (41,030 ) 4,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,958

)

30,341

PROVISIONS FOR LIABILITIES 3,628 3,050
NET (LIABILITIES)/ASSETS (9,586 ) 27,291

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,587 ) 27,290
SHAREHOLDERS' FUNDS (9,586 ) 27,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Armadillo Custom Embroidery Company
Limited (Registered number: 08519547)

Balance Sheet - continued
31 May 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 director and authorised for issue on 28 March 2024 and were signed by:





D G J Carson - Director


The Armadillo Custom Embroidery Company
Limited (Registered number: 08519547)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

The Armadillo Custom Embroidery Company 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 represents invoiced sales of goods including value added tax.

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 - 15% 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 2 (2022 - 3 ) .

The Armadillo Custom Embroidery Company
Limited (Registered number: 08519547)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 69,155
Additions 15,300
At 31 May 2023 84,455
DEPRECIATION
At 1 June 2022 43,194
Charge for year 6,189
At 31 May 2023 49,383
NET BOOK VALUE
At 31 May 2023 35,072
At 31 May 2022 25,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,712 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 565 4,649
Other creditors 123,585 61,231
124,150 65,880

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 2,746 4,706
Between one and five years - 2,746
2,746 7,452

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D G J Carson.