Registered number
09605771
ARMAURTO LIMITED
Filleted Accounts
31 May 2024
ARMAURTO LIMITED
Registered number: 09605771
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,145 12,647
Website, database and social media accounts 20,610 20,610
30,755 33,257
Current assets
Stocks 42,521 26,624
Debtors 4 3,555 3,353
Cash at bank and in hand 1,091 26,494
47,167 56,471
Creditors: amounts falling due within one year 5 (15,723) (4,534)
Net current assets 31,444 51,937
Total assets less current liabilities 62,199 85,194
Creditors: amounts falling due after more than one year 6 (39,569) (44,754)
Net assets 22,630 40,440
Capital and reserves
Called up share capital 150 150
Share premium 299,950 299,950
Profit and loss account (277,470) (259,660)
Shareholders' funds 22,630 40,440
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Battin
Director
Approved by the board on 14 February 2025
ARMAURTO LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2023 26,127
Additions 34
At 31 May 2024 26,161
Depreciation
At 1 June 2023 13,480
Charge for the year 2,536
At 31 May 2024 16,016
Net book value
At 31 May 2024 10,145
At 31 May 2023 12,647
4 Debtors 2024 2023
£ £
Trade debtors 1,812 1,610
Other debtors 1,743 1,743
3,555 3,353
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's stock investment 14,200 -
Trade creditors 1,249 305
Wages control 163 163
Taxation and social security costs 2,138 2,091
Other creditors (2,027) 1,975
15,723 4,534
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 39,569 44,754
7 Controlling party
The company is under the control of Mr C Battin as he is the majority shareholder.
8 Other information
ARMAURTO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Qstore/Luxus House Forge Lane
Moorlands Trading Estate
Saltash
England
PL12 6LX
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