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REGISTERED NUMBER: 02666096 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARMATOOL DISTRIBUTORS LIMITED

ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARMATOOL DISTRIBUTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J F Lacey
C M Lacey





SECRETARY: J F Lacey





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 02666096 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,162,375 1,152,850

CURRENT ASSETS
Stocks 5 199,074 177,503
Debtors 6 333,817 410,945
Cash at bank and in hand 785,444 445,823
1,318,335 1,034,271
CREDITORS
Amounts falling due within one year 7 346,168 264,729
NET CURRENT ASSETS 972,167 769,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,134,542

1,922,392

PROVISIONS FOR LIABILITIES 9 172,949 173,443
NET ASSETS 1,961,593 1,748,949

CAPITAL AND RESERVES
Called up share capital 10 150 150
Revaluation reserve 11 972,858 972,858
Capital redemption reserve 11 50 50
Retained earnings 11 988,535 775,891
SHAREHOLDERS' FUNDS 1,961,593 1,748,949

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.

ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)

BALANCE SHEET - continued
31 DECEMBER 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 10 May 2024 and were signed on its behalf by:





J F Lacey - Director


ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Armatool Distributors 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 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.

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.

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.

ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
Armatool Distributors Limited has prepared financial statements on a going concern basis as the directors are confident that the company will continue in business and to trade profitably for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1,150,000 35,896 36,203 5,999 1,228,098
DEPRECIATION
At 1 January 2023 11,500 32,270 25,524 5,954 75,248
Charge for year - 362 1,602 11 1,975
Charge written back (11,500 ) - - - (11,500 )
At 31 December 2023 - 32,632 27,126 5,965 65,723
NET BOOK VALUE
At 31 December 2023 1,150,000 3,264 9,077 34 1,162,375
At 31 December 2022 1,138,500 3,626 10,679 45 1,152,850

Included in cost or valuation of land and buildings is freehold land of £ 575,000 (2022 - £ 575,000 ) which is not depreciated.

Cost or valuation at 31 December 2023 is represented by:

Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
Valuation in 2004 97,374 - - - 97,374
Valuation in 2005 150,000 - - - 150,000
Valuation in 2006 40,000 - - - 40,000
Valuation in 2011 (20,000 ) - - - (20,000 )
Valuation in 2013 80,000 - - - 80,000
Valuation in 2014 30,000 - - - 30,000
Valuation in 2016 (7,500 ) - - - (7,500 )
Valuation in 2018 207,500 - - - 207,500
Valuation in 2021 320,000 - - - 320,000
Cost 252,626 35,896 36,203 5,999 330,724
1,150,000 35,896 36,203 5,999 1,228,098

ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 252,626 252,626
Aggregate depreciation 58,100 58,100

Value of land in freehold land and buildings 126,313 126,313

Freehold land and buildings were valued on an open market basis on 31 December 2023 by the Directors .

5. STOCKS
2023 2022
£    £   
Stocks 199,074 177,503

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 332,480 409,484
Prepayments 1,337 1,461
333,817 410,945

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 184,645 138,182
Tax 95,731 72,631
Social security and other taxes 5,930 5,077
VAT 55,148 42,328
Other creditors 2,987 5,594
Directors' current accounts 1,727 917
346,168 264,729

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,173 -
Between one and five years 3,601 -
9,774 -

ARMATOOL DISTRIBUTORS LIMITED (REGISTERED NUMBER: 02666096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Provision for the year 172,949 173,443

Deferred
tax
£   
Balance at 1 January 2023 173,443
Accelerated capital allowance (494 )
Balance at 31 December 2023 172,949

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
100 Ordinary B £1 100 100
150 150

11. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 775,891 972,858 50 1,748,799
Profit for the year 321,394 321,394
Dividends (108,750 ) (108,750 )
At 31 December 2023 988,535 972,858 50 1,961,443

12. ULTIMATE CONTROLLING PARTY

The company is under the control of Jim Lacey, a director of the company.