IRIS Accounts Production v23.3.1.45 08055590 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080555902022-05-31080555902023-05-31080555902022-06-012023-05-31080555902021-05-31080555902021-06-012022-05-31080555902022-05-3108055590ns10:Originalns15:EnglandWales2022-06-012023-05-3108055590ns14:PoundSterlingns10:Original2022-06-012023-05-3108055590ns10:Originalns10:Director12022-06-012023-05-3108055590ns10:Original2022-06-012023-05-3108055590ns10:Original2023-05-3108055590ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108055590ns10:Originalns10:SmallEntities2022-06-012023-05-3108055590ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108055590ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108055590ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108055590ns10:Originalns10:FullAccounts2022-06-012023-05-3108055590ns10:Originalns10:Director22022-06-012023-05-3108055590ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108055590ns10:Original2022-05-3108055590ns10:Originalns5:CurrentFinancialInstruments2023-05-3108055590ns10:Originalns5:CurrentFinancialInstruments2022-05-3108055590ns10:Originalns5:Non-currentFinancialInstruments2023-05-3108055590ns10:Originalns5:Non-currentFinancialInstruments2022-05-3108055590ns5:ShareCapitalns10:Original2023-05-3108055590ns5:ShareCapitalns10:Original2022-05-3108055590ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108055590ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108055590ns10:Originalns5:PlantMachinery2022-06-012023-05-3108055590ns10:Originalns5:MotorVehicles2022-06-012023-05-3108055590ns10:Originalns5:ComputerEquipment2022-06-012023-05-3108055590ns10:Original2021-06-012022-05-3108055590ns10:Originalns5:PlantMachinery2022-05-3108055590ns10:Originalns5:MotorVehicles2022-05-3108055590ns10:Originalns5:ComputerEquipment2022-05-3108055590ns10:Original2022-05-3108055590ns10:Originalns5:PlantMachinery2023-05-3108055590ns10:Originalns5:MotorVehicles2023-05-3108055590ns10:Originalns5:ComputerEquipment2023-05-3108055590ns10:Originalns5:PlantMachinery2022-05-3108055590ns10:Originalns5:MotorVehicles2022-05-3108055590ns10:Originalns5:ComputerEquipment2022-05-3108055590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3108055590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3108055590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3108055590ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3108055590ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108055590ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 08055590 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2023

for

GB Armitage Ventilation Limited

GB Armitage Ventilation Limited (Registered number: 08055590)






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


GB Armitage Ventilation Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs P Dransfield
Mr N Dransfield





REGISTERED OFFICE: 10 Brown Avenue
Brown Lane Trading Estate
Leeds
West Yorkshire
LS11 0DX





REGISTERED NUMBER: 08055590 (England and Wales)





ACCOUNTANTS: SMH D'Arcy Howard & Co
2, Pavillion Business Park
Royds Hall Road
Lower Wortley
Leeds
West Yorkshire
LS12 6AJ

GB Armitage Ventilation Limited (Registered number: 08055590)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 85,857 84,107

CURRENT ASSETS
Stocks 9,525 8,250
Debtors 5 296,080 251,836
Cash at bank and in hand 157,638 85,641
463,243 345,727
CREDITORS
Amounts falling due within one year 6 178,430 135,331
NET CURRENT ASSETS 284,813 210,396
TOTAL ASSETS LESS CURRENT LIABILITIES 370,670 294,503

CREDITORS
Amounts falling due after more than one
year

7

(51,502

)

(48,956

)

PROVISIONS FOR LIABILITIES (17,056 ) (15,980 )
NET ASSETS 302,112 229,567

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 302,012 229,467
SHAREHOLDERS' FUNDS 302,112 229,567

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 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.

GB Armitage Ventilation Limited (Registered number: 08055590)

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 Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





Mrs P Dransfield - Director


GB Armitage Ventilation Limited (Registered number: 08055590)

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

1. STATUTORY INFORMATION

GB Armitage Ventilation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

GB Armitage Ventilation Limited (Registered number: 08055590)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 June 2022 21,900 150,000 2,954 174,854
Additions 275 28,750 400 29,425
At 31 May 2023 22,175 178,750 3,354 204,279
DEPRECIATION
At 1 June 2022 10,944 77,768 2,035 90,747
Charge for year 1,685 25,245 745 27,675
At 31 May 2023 12,629 103,013 2,780 118,422
NET BOOK VALUE
At 31 May 2023 9,546 75,737 574 85,857
At 31 May 2022 10,956 72,232 919 84,107

GB Armitage Ventilation Limited (Registered number: 08055590)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 June 2022
and 31 May 2023 96,200
DEPRECIATION
At 1 June 2022 34,517
Charge for year 22,608
At 31 May 2023 57,125
NET BOOK VALUE
At 31 May 2023 39,075
At 31 May 2022 61,683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 278,007 248,447
Other debtors 18,073 3,389
296,080 251,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 4,997 22,160
Hire purchase contracts 15,720 15,399
Trade creditors 89,128 43,801
Taxation and social security 55,443 33,751
Other creditors 13,142 20,220
178,430 135,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 10,376 15,000
Hire purchase contracts 41,126 33,956
51,502 48,956

GB Armitage Ventilation Limited (Registered number: 08055590)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 56,846 49,355

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P Dransfield.