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REGISTERED NUMBER: SC345773 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Larmour Ltd

Larmour Ltd (Registered number: SC345773)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Larmour Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P K Larmour





REGISTERED OFFICE: Cornerstone House
Station Road
Selkirk
TD7 5DJ





REGISTERED NUMBER: SC345773 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Larmour Ltd (Registered number: SC345773)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 623,715 610,969
623,715 610,969

CURRENT ASSETS
Stocks 7,983 7,912
Debtors 6 35,523 26,136
Cash at bank and in hand 47,627 1,657
91,133 35,705
CREDITORS
Amounts falling due within one year 7 131,801 144,839
NET CURRENT LIABILITIES (40,668 ) (109,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,047

501,835

CREDITORS
Amounts falling due after more than one year 8 (567,871 ) (450,379 )

PROVISIONS FOR LIABILITIES 10 (14,916 ) (11,730 )
NET ASSETS 260 39,726

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 160 39,626
SHAREHOLDERS' FUNDS 260 39,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Larmour Ltd (Registered number: SC345773)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:





P K Larmour - Director


Larmour Ltd (Registered number: SC345773)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Larmour Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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.
Freehold property - Not depreciated
Office equipment - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Larmour Ltd (Registered number: SC345773)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 155,000
AMORTISATION
At 1 August 2023
and 31 July 2024 155,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Larmour Ltd (Registered number: SC345773)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Freehold Office Plant and
property equipment machinery
£    £    £   
COST
At 1 August 2023 564,051 - 37,447
Additions - 4,002 27,242
At 31 July 2024 564,051 4,002 64,689
DEPRECIATION
At 1 August 2023 - - 13,788
Charge for year - 1,001 12,725
At 31 July 2024 - 1,001 26,513
NET BOOK VALUE
At 31 July 2024 564,051 3,001 38,176
At 31 July 2023 564,051 - 23,659

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 247,351 20,808 869,657
Additions - 2,755 33,999
At 31 July 2024 247,351 23,563 903,656
DEPRECIATION
At 1 August 2023 226,881 18,019 258,688
Charge for year 5,118 2,409 21,253
At 31 July 2024 231,999 20,428 279,941
NET BOOK VALUE
At 31 July 2024 15,352 3,135 623,715
At 31 July 2023 20,470 2,789 610,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 35,523 26,136

Larmour Ltd (Registered number: SC345773)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 66,787 92,647
Hire purchase contracts 6,236 3,660
Trade creditors 5,859 2,637
Tax 28,181 24,227
Social security and other taxes 1,586 2,687
Other creditors 394 1,143
Credit card 2,111 -
Directors' current accounts 64 2,299
Accrued expenses 20,583 15,539
131,801 144,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 554,975 441,553
Hire purchase contracts 12,896 8,826
567,871 450,379

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 586 53,437
Bank loans 66,201 39,210
66,787 92,647

Amounts falling due between one and two years:
Bank loans - 1-2 years 554,975 441,553

10. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 14,916 11,730

Larmour Ltd (Registered number: SC345773)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 11,730
Provided during year 3,186
Balance at 31 July 2024 14,916

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director loaned the company monies, at the year end the company was due the director £64 (2023 - £2,299). There are no specific repayment terms and no interest has been charged.