IRIS Accounts Production v24.2.0.383 02704515 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027045152023-10-31027045152024-10-31027045152023-11-012024-10-31027045152022-10-31027045152022-11-012023-10-31027045152023-10-3102704515ns15:EnglandWales2023-11-012024-10-3102704515ns14:PoundSterling2023-11-012024-10-3102704515ns10:Director12023-11-012024-10-3102704515ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3102704515ns10:SmallEntities2023-11-012024-10-3102704515ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3102704515ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3102704515ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3102704515ns10:FullAccounts2023-11-012024-10-310270451512023-11-012024-10-3102704515ns10:Director22023-11-012024-10-3102704515ns10:Director32023-11-012024-10-3102704515ns10:Director42023-11-012024-10-3102704515ns10:CompanySecretary12023-11-012024-10-3102704515ns10:RegisteredOffice2023-11-012024-10-3102704515ns5:CurrentFinancialInstruments2024-10-3102704515ns5:CurrentFinancialInstruments2023-10-3102704515ns5:Non-currentFinancialInstruments2024-10-3102704515ns5:Non-currentFinancialInstruments2023-10-3102704515ns5:ShareCapital2024-10-3102704515ns5:ShareCapital2023-10-3102704515ns5:RetainedEarningsAccumulatedLosses2024-10-3102704515ns5:RetainedEarningsAccumulatedLosses2023-10-3102704515ns5:NetGoodwill2023-11-012024-10-3102704515ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3102704515ns5:PlantMachinery2023-11-012024-10-3102704515ns5:FurnitureFittings2023-11-012024-10-3102704515ns5:MotorVehicles2023-11-012024-10-3102704515ns5:ComputerEquipment2023-11-012024-10-3102704515ns5:NetGoodwill2023-10-3102704515ns5:NetGoodwill2024-10-3102704515ns5:NetGoodwill2023-10-3102704515ns5:PlantMachinery2023-10-3102704515ns5:FurnitureFittings2023-10-3102704515ns5:MotorVehicles2023-10-3102704515ns5:ComputerEquipment2023-10-3102704515ns5:PlantMachinery2024-10-3102704515ns5:FurnitureFittings2024-10-3102704515ns5:MotorVehicles2024-10-3102704515ns5:ComputerEquipment2024-10-3102704515ns5:PlantMachinery2023-10-3102704515ns5:FurnitureFittings2023-10-3102704515ns5:MotorVehicles2023-10-3102704515ns5:ComputerEquipment2023-10-3102704515ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3102704515ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3102704515ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-10-3102704515ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-10-3102704515ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3102704515ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3102704515ns5:Secured2024-10-3102704515ns5:Secured2023-10-3102704515ns5:DeferredTaxation2023-10-3102704515ns5:DeferredTaxation2024-10-31027045153ns10:Director32023-10-31027045153ns10:Director32022-10-31027045153ns10:Director32023-11-012024-10-31027045153ns10:Director32022-11-012023-10-31027045153ns10:Director32024-10-31027045153ns10:Director32023-10-31
REGISTERED NUMBER: 02704515 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AMMO & COMPANY LTD.

AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMMO & COMPANY LTD.

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: T Dalman
R M Warner
C G Nuche
B K D Harris





SECRETARY: R M Warner





REGISTERED OFFICE: Unit 17 Gravelly Industrial Park
Birmingham
West Midlands
B24 8HZ





REGISTERED NUMBER: 02704515 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,034 46,884
Tangible assets 5 105,165 98,985
147,199 145,869

CURRENT ASSETS
Stocks 605,492 942,303
Debtors 6 362,573 555,305
Cash at bank and in hand 1,188,098 33,041
2,156,163 1,530,649
CREDITORS
Amounts falling due within one year 7 874,029 617,366
NET CURRENT ASSETS 1,282,134 913,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,333

1,059,152

CREDITORS
Amounts falling due after more than one
year

8

(9,896

)

(19,908

)

PROVISIONS FOR LIABILITIES 11 (21,033 ) (24,158 )
NET ASSETS 1,398,404 1,015,086

CAPITAL AND RESERVES
Called up share capital 122 122
Retained earnings 1,398,282 1,014,964
1,398,404 1,015,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

BALANCE SHEET - continued
31 October 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





C G Nuche - Director


AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Ammo & Company 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.

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 130,206
AMORTISATION
At 1 November 2023 83,322
Amortisation for year 4,850
At 31 October 2024 88,172
NET BOOK VALUE
At 31 October 2024 42,034
At 31 October 2023 46,884

AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 17,288 200,562 19,987 91,112 328,949
Additions - 18,340 - 9,677 28,017
At 31 October 2024 17,288 218,902 19,987 100,789 356,966
DEPRECIATION
At 1 November 2023 5,072 140,330 4,530 80,032 229,964
Charge for year 1,850 9,035 3,092 7,860 21,837
At 31 October 2024 6,922 149,365 7,622 87,892 251,801
NET BOOK VALUE
At 31 October 2024 10,366 69,537 12,365 12,897 105,165
At 31 October 2023 12,216 60,232 15,457 11,080 98,985

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 339,059 535,066
Amounts owed by group undertakings 519 169
Other debtors 22,995 20,070
362,573 555,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,372 40,620
Trade creditors 504,799 330,653
Taxation and social security 330,616 61,106
Other creditors 28,242 184,987
874,029 617,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 9,896 19,908

AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 359 30,607
Bank loans 10,013 10,013
Other loans - 160,114
10,372 200,734

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,896 10,268

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,640

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 359 30,607
Bank loans 19,909 29,921
Other loans - 98,614
20,268 159,142

HSBC Bank PLC has a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,033 24,158

Deferred
tax
£   
Balance at 1 November 2023 24,158
Accelerated capital allowances (3,125 )
Balance at 31 October 2024 21,033

AMMO & COMPANY LTD. (REGISTERED NUMBER: 02704515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
R M Warner
Balance outstanding at start of year - -
Amounts advanced 84 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84 -