Company Registration No. 08825257 (England and Wales)
A.R.M. SURVEYS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
A.R.M. SURVEYS LIMITED
COMPANY INFORMATION
Director
Mr Malcolm Metcalfe
Company number
08825257
Registered office
3 Silverbirch Drive
Shrewsbury
Shropshire
SY3 9EN
Accountants
James Holyoak & Parker Limited
1 Knights Court
Archers Way
Battlefield Enterprise Park
Shrewsbury
SY1 3GA
A.R.M. SURVEYS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
A.R.M. SURVEYS LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
30,573
40,764
Current assets
Debtors
5
30,888
37,085
Cash at bank and in hand
180,415
134,483
211,303
171,568
Creditors: amounts falling due within one year
6
(86,317)
(104,183)
Net current assets
124,986
67,385
Total assets less current liabilities
155,559
108,149
Creditors: amounts falling due after more than one year
7
(19,067)
(32,441)
Provisions for liabilities
(5,809)
(7,745)
Net assets
130,683
67,963
Capital and reserves
Called up share capital
8
120
120
Profit and loss reserves
130,563
67,843
Total equity
130,683
67,963

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

A.R.M. SURVEYS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 February 2024
Mr Malcolm Metcalfe
Director
Company registration number 08825257 (England and Wales)
A.R.M. SURVEYS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023
31 May 2023
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
6
3
Accounting policies
Company information

A.R.M. Surveys Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Silverbirch Drive, Shrewsbury, Shropshire, SY3 9EN.

3.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

3.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

3.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
A.R.M. SURVEYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
3
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

3.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

3.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 June 2022 and 31 May 2023
74,947
44,174
119,121
Depreciation and impairment
At 1 June 2022
53,703
24,654
78,357
Depreciation charged in the year
5,311
4,880
10,191
At 31 May 2023
59,014
29,534
88,548
Carrying amount
At 31 May 2023
15,933
14,640
30,573
At 31 May 2022
21,244
19,520
40,764
A.R.M. SURVEYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
27,644
33,466
Other debtors
3,244
3,619
30,888
37,085
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,675
9,656
Corporation tax
24,529
22,316
Other taxation and social security
12,501
13,220
Other creditors
39,612
58,991
86,317
104,183
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,067
32,441
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
"A" Ordinary shares of £1 each
20
20
20
20
120
120
120
120
9
Directors' transactions

Dividends totalling £40,000 (2022 - £41,000) were paid in the year in respect of shares held by the company's director.

10
Parent company

On 31 December 2019, the company became a wholly owned subsidiary of Silverbirch Holdings Limited (SHL) when SHL acquired the whole of the company's share capital by means of a paper-for-paper exchange with new SHL shares being issued to the company's sole shareholder, Malcolm Metcalfe.

 

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