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REGISTERED NUMBER: 02336297 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Garmendale Engineering Limited

Garmendale Engineering Limited (Registered number: 02336297)






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


Garmendale Engineering Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs M Shelmerdine
D W Shelmerdine
Mrs Z Shelmerdine
K J Ensor





SECRETARY: Mrs M Shelmerdine





REGISTERED OFFICE: Dale Works
Manners Industrial Estate
Ilkeston
Derbyshire
DE7 8EF





REGISTERED NUMBER: 02336297 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Garmendale Engineering Limited (Registered number: 02336297)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 484,642 326,416

CURRENT ASSETS
Stocks 545 1,550
Debtors 5 433,581 367,163
Cash at bank and in hand 320,786 236,243
754,912 604,956
CREDITORS
Amounts falling due within one year 6 561,866 432,368
NET CURRENT ASSETS 193,046 172,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,688

499,004

CREDITORS
Amounts falling due after more than one
year

7

(230,496

)

(332,463

)

PROVISIONS FOR LIABILITIES 10 (106,743 ) (17,263 )
NET ASSETS 340,449 149,278

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Retained earnings 331,449 140,278
SHAREHOLDERS' FUNDS 340,449 149,278

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 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.

Garmendale Engineering Limited (Registered number: 02336297)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





D W Shelmerdine - Director


Garmendale Engineering Limited (Registered number: 02336297)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Garmendale Engineering 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 net invoiced sales of goods, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Turnover includes, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Demonstration equipment - 5% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 stock. Cost is purchase invoice price on a first in first out basis.

In the case of work in progress a proportion of relevant overheads is included. Contractual work in progress is included in turnover.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions paid in the year are charged in the profit and loss account.

Leasing commitments
Rentals paid and received under operating leases are charged to the profit and loss account as incurred.

Grants
Revenue grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute. Capital grants are recognised systematically in the profit and loss account over the useful economic life of the asset to which the grant relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

Garmendale Engineering Limited (Registered number: 02336297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Demonstration Plant and and
equipment machinery fittings
£    £    £   
COST
At 1 October 2022 104,140 329,071 73,243
Additions 115,991 39,430 3,989
At 30 September 2023 220,131 368,501 77,232
DEPRECIATION
At 1 October 2022 36,094 187,882 51,945
Charge for year 8,613 16,541 2,496
At 30 September 2023 44,707 204,423 54,441
NET BOOK VALUE
At 30 September 2023 175,424 164,078 22,791
At 30 September 2022 68,046 141,189 21,298

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 182,982 126,122 815,558
Additions 53,450 3,804 216,664
At 30 September 2023 236,432 129,926 1,032,222
DEPRECIATION
At 1 October 2022 109,455 103,766 489,142
Charge for year 22,648 8,140 58,438
At 30 September 2023 132,103 111,906 547,580
NET BOOK VALUE
At 30 September 2023 104,329 18,020 484,642
At 30 September 2022 73,527 22,356 326,416

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 160,134 135,621
Amounts owed by related parties 100,970 70,324
Amounts recoverable on contracts 62,000 56,244
Other debtors 48,259 28,072
Directors' loan accounts - 8,961
Tax - 5,384
Prepayments 62,218 62,557
433,581 367,163

Garmendale Engineering Limited (Registered number: 02336297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 94,504 92,537
Trade creditors 375,126 286,183
Amounts owed to related parties - 100
Tax 21,275 11
Social security and other taxes 16,483 11,798
Other creditors 8,291 8,876
Accruals and deferred income 46,187 32,863
561,866 432,368

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 230,496 332,463

8. LEASING AGREEMENTS
The minimum lease payments on non-cancellable operating leases committed to be paid are £58,167 (2022 - £113,167). The minimum lease payments on non-cancellable operating leases committed to be received are £56,652 (2022 - £101,228).

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 325,000 425,000

The loan is secured against the property held in GEL Rides Limited, a company which owns Garmendale Engineering Limited and has common directors.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 106,743 65,961
Tax losses carried forward - (48,698 )
106,743 17,263

Deferred
tax
£   
Balance at 1 October 2022 17,263
Provided during year 89,480
Balance at 30 September 2023 106,743