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REGISTERED NUMBER: 02336297 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Garmendale Engineering Limited

Garmendale Engineering Limited (Registered number: 02336297)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Garmendale Engineering Limited

Company Information
for the Year Ended 30 September 2024







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 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 537,813 484,642

CURRENT ASSETS
Stocks 545 545
Debtors 5 420,015 433,581
Cash at bank and in hand 415,054 320,786
835,614 754,912
CREDITORS
Amounts falling due within one year 6 712,076 561,866
NET CURRENT ASSETS 123,538 193,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,351

677,688

CREDITORS
Amounts falling due after more than one
year

7

(143,737

)

(230,496

)

PROVISIONS FOR LIABILITIES 10 (97,632 ) (106,743 )
NET ASSETS 419,982 340,449

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Retained earnings 410,982 331,449
SHAREHOLDERS' FUNDS 419,982 340,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Garmendale Engineering Limited (Registered number: 02336297)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 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 2024

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 (2023 - 17 ) .

Garmendale Engineering Limited (Registered number: 02336297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Demonstration Plant and and
equipment machinery fittings
£    £    £   
COST
At 1 October 2023 220,131 368,501 77,232
Additions 5,227 91,928 -
Disposals - - -
At 30 September 2024 225,358 460,429 77,232
DEPRECIATION
At 1 October 2023 44,707 204,423 54,441
Charge for year 9,519 24,453 2,279
Eliminated on disposal - - -
At 30 September 2024 54,226 228,876 56,720
NET BOOK VALUE
At 30 September 2024 171,132 231,553 20,512
At 30 September 2023 175,424 164,078 22,791

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 236,432 129,926 1,032,222
Additions 48,754 - 145,909
Disposals (41,150 ) - (41,150 )
At 30 September 2024 244,036 129,926 1,136,981
DEPRECIATION
At 1 October 2023 132,103 111,906 547,580
Charge for year 24,119 6,006 66,376
Eliminated on disposal (14,788 ) - (14,788 )
At 30 September 2024 141,434 117,912 599,168
NET BOOK VALUE
At 30 September 2024 102,602 12,014 537,813
At 30 September 2023 104,329 18,020 484,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,881 160,134
Amounts owed by related parties 81,129 100,970
Amounts recoverable on contracts 77,545 62,000
Other debtors 72,182 48,259
Prepayments 65,278 62,218
420,015 433,581

Garmendale Engineering Limited (Registered number: 02336297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 96,472 94,504
Hire purchase contracts (see note 8) 16,277 -
Trade creditors 219,740 375,126
Tax 89,569 21,275
Social security and other taxes 13,481 16,483
Other creditors 12,915 8,291
Accruals and deferred income 39,032 46,187
Directors' current accounts 224,590 -
712,076 561,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 128,528 230,496
Hire purchase contracts (see note 8) 15,209 -
143,737 230,496

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 16,277 -
Between one and five years 15,209 -
31,486 -

The minimum lease payments on non-cancellable operating leases committed to be paid are £9,667 (2023 - £58,167). The minimum lease payments on non-cancellable operating leases committed to be received are £18,576 (2023 - £56,652).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 225,000 325,000

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

Garmendale Engineering Limited (Registered number: 02336297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 97,632 106,743

Deferred
tax
£   
Balance at 1 October 2023 106,743
Utilised during year (9,111 )
Balance at 30 September 2024 97,632