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REGISTERED NUMBER: 05185652















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

G M ARMITSTEAD LIMITED

G M ARMITSTEAD LIMITED (REGISTERED NUMBER: 05185652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

G M ARMITSTEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr G M Armitstead





SECRETARY:





REGISTERED OFFICE: Little Dicks Farmhouse
Penny Bridge
Ulverston
Cumbria
LA12 7RP





REGISTERED NUMBER: 05185652





ACCOUNTANTS: R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD

G M ARMITSTEAD LIMITED (REGISTERED NUMBER: 05185652)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,901 30,454
33,901 30,454

CURRENT ASSETS
Debtors 6 31,841 26,297

CREDITORS
Amounts falling due within one year 7 49,059 36,402
NET CURRENT LIABILITIES (17,218 ) (10,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,683

20,349

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(13,999

)

PROVISIONS FOR LIABILITIES (6,441 ) (5,786 )
NET ASSETS 242 564

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 142 464
SHAREHOLDERS' FUNDS 242 564

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

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

G M ARMITSTEAD LIMITED (REGISTERED NUMBER: 05185652)

BALANCE SHEET - continued
30 SEPTEMBER 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 18 January 2024 and were signed by:





Mr G M Armitstead - Director


G M ARMITSTEAD LIMITED (REGISTERED NUMBER: 05185652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

G M Armitstead Limited is a private company, limited by shares , registered in Not specified/Other. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

G M ARMITSTEAD LIMITED (REGISTERED NUMBER: 05185652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 2 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 7,000
AMORTISATION
At 1 October 2022
and 30 September 2023 7,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 47,239 39,798 2,015 89,052
Additions 13,151 - - 13,151
At 30 September 2023 60,390 39,798 2,015 102,203
DEPRECIATION
At 1 October 2022 31,318 26,444 836 58,598
Charge for year 5,981 3,338 385 9,704
At 30 September 2023 37,299 29,782 1,221 68,302
NET BOOK VALUE
At 30 September 2023 23,091 10,016 794 33,901
At 30 September 2022 15,921 13,354 1,179 30,454

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,582 19,562
Directors' current accounts - 6,323
Prepayments 259 412
31,841 26,297

G M ARMITSTEAD LIMITED (REGISTERED NUMBER: 05185652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,857 8,897
Trade creditors 2,436 222
Corporation tax 24,423 19,714
Social security and other taxes (299 ) (245 )
VAT 12,360 3,764
Other creditors - 1,963
Directors' current accounts 228 -
Accrued expenses 2,054 2,087
49,059 36,402

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 6,000 9,999
10,000 13,999

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2022 464
Profit for the year 95,056
Dividends (95,378 )
At 30 September 2023 142

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount due to the director of £228 (2022: debtor of £6,323).

12. RELATED PARTY DISCLOSURES

During the year, dividends totalling £95,378 (2022:- £88,850) were paid to the directors.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the called up share capital.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G M ARMITSTEAD LIMITED

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the
accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has
been undertaken to prepare for approval by the director the financial statements that we have been
engaged to compile, to report to the director that we have done so, and to state those matters that
we have agreed to state to them in this report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the Company and
the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 30 September 2023 your duty to ensure
that the company has kept proper accounting records and to prepare financial statements that give
a true and fair view under the Companies Act 2006. You consider that the company is exempt from
the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial
statements.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


18 January 2024