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REGISTERED NUMBER: 07091870 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Armillary Ltd

Armillary Ltd (Registered number: 07091870)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Armillary Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Connell
S Clark
C Tingley





REGISTERED OFFICE: 16 Cole Street
London
SE1 4YH





REGISTERED NUMBER: 07091870 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Armillary Ltd (Registered number: 07091870)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,916 2,869

CURRENT ASSETS
Debtors 5 209,434 14,287
Cash at bank 68,754 73,615
278,188 87,902
CREDITORS
Amounts falling due within one year 6 234,828 64,109
NET CURRENT ASSETS 43,360 23,793
TOTAL ASSETS LESS CURRENT LIABILITIES 71,276 26,662

PROVISIONS FOR LIABILITIES 5,304 545
NET ASSETS 65,972 26,117

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 65,962 26,107
SHAREHOLDERS' FUNDS 65,972 26,117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 27 February 2024 and were signed on its behalf by:





C Connell - Director


Armillary Ltd (Registered number: 07091870)

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

1. STATUTORY INFORMATION

Armillary Ltd 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.

Fixtures and fittings - 5 year straight line
Computer equipment - 3 year straight line

There was a change in accounting policy during the year relating to the fixed asset depreciation rates. In the prior year, Fixtures and Fittings were depreciated at a rate of 20% using the reducing balance method. They are now depreciated straight line over 5 years. There were no differences to the prior year hence we have not made any restatements.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Armillary Ltd (Registered number: 07091870)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 4,138 - 4,138
Additions 27,439 2,055 29,494
At 31 December 2023 31,577 2,055 33,632
DEPRECIATION
At 1 January 2023 1,269 - 1,269
Charge for year 4,310 137 4,447
At 31 December 2023 5,579 137 5,716
NET BOOK VALUE
At 31 December 2023 25,998 1,918 27,916
At 31 December 2022 2,869 - 2,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 209,434 14,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 96,560 59
Taxation and social security 10,846 3,078
Other creditors 127,422 60,972
234,828 64,109

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 105,000 49,500
Between one and five years 420,000 216,000
In more than five years 220,500 274,500
745,500 540,000

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary £1 10 10

Armillary Ltd (Registered number: 07091870)

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

9. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the Directors owed the Company £5,800 (2022 Company owed the Directors - £2,798). This loan is interest free, repayable on demand and shown within other debtors.

During the period, the company had transactions with two connected companies; the companies are connected through the significant interest of the directors.

Transactions with connected companies during the period totalled:
Loan repayment to Conjure Limited - £918.70
Loan from EVWare Limited - £50,000
Loan repayment to EVWare Limited - £50,000

At the period end the company was owed a balances of £NIL from connected parties.