IRIS Accounts Production v25.1.4.42 01324374 Board of Directors 1.12.23 30.11.24 30.11.24 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013243742023-11-30013243742024-11-30013243742023-12-012024-11-30013243742022-11-30013243742022-12-012023-11-30013243742023-11-3001324374ns15:EnglandWales2023-12-012024-11-3001324374ns14:PoundSterling2023-12-012024-11-3001324374ns10:Director12023-12-012024-11-3001324374ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3001324374ns10:SmallEntities2023-12-012024-11-3001324374ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3001324374ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3001324374ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3001324374ns10:FullAccounts2023-12-012024-11-300132437412023-12-012024-11-3001324374ns5:CurrentFinancialInstruments2024-11-3001324374ns5:CurrentFinancialInstruments2023-11-3001324374ns5:ShareCapital2024-11-3001324374ns5:ShareCapital2023-11-3001324374ns5:RetainedEarningsAccumulatedLosses2024-11-3001324374ns5:RetainedEarningsAccumulatedLosses2023-11-3001324374ns10:RegisteredOffice2023-12-012024-11-3001324374ns5:LandBuildings2023-12-012024-11-3001324374ns5:PlantMachinery2023-12-012024-11-3001324374ns5:NetGoodwill2023-11-3001324374ns5:NetGoodwill2024-11-3001324374ns5:NetGoodwill2023-11-3001324374ns5:LandBuildings2023-11-3001324374ns5:PlantMachinery2023-11-3001324374ns5:LandBuildings2024-11-3001324374ns5:PlantMachinery2024-11-3001324374ns5:LandBuildings2023-11-3001324374ns5:PlantMachinery2023-11-3001324374ns5:CostValuation2023-11-3001324374ns5:AdditionsToInvestments2024-11-3001324374ns5:CostValuation2024-11-3001324374ns5:Subsidiary12023-12-012024-11-30013243741ns5:Subsidiary12023-12-012024-11-3001324374ns5:Subsidiary12024-11-3001324374ns5:Subsidiary12023-11-3001324374ns5:Subsidiary12022-12-012023-11-3001324374ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3001324374ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3001324374ns5:DeferredTaxation2023-11-3001324374ns5:DeferredTaxation2023-12-012024-11-3001324374ns5:DeferredTaxation2024-11-30
REGISTERED NUMBER: 01324374 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Firmhelm Limited

Firmhelm Limited (Registered number: 01324374)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Firmhelm Limited (Registered number: 01324374)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 290,497 258,205
Investments 6 97,358 82,991
387,855 341,196

CURRENT ASSETS
Stocks 7 154,704 160,802
Debtors 8 78,099 40,349
Cash at bank and in hand 183,912 130,458
416,715 331,609
CREDITORS
Amounts falling due within one year 9 151,267 84,429
NET CURRENT ASSETS 265,448 247,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,303

588,376

PROVISIONS FOR LIABILITIES 10 23,965 11,758
NET ASSETS 629,338 576,618

CAPITAL AND RESERVES
Called up share capital 7,600 7,600
Retained earnings 621,738 569,018
SHAREHOLDERS' FUNDS 629,338 576,618

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

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

Firmhelm Limited (Registered number: 01324374)

Balance Sheet - continued
30 November 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 10 July 2025 and were signed on its behalf by:





S J Butterworth - Director


Firmhelm Limited (Registered number: 01324374)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Firmhelm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01324374

Registered office: Firmhelm Limited
Outer Harbour
Pwllheli
Gwynedd
LL53 5AY

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 15% on cost and 10% 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.

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.

Firmhelm Limited (Registered number: 01324374)

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

2. ACCOUNTING POLICIES - continued

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 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 8,192
AMORTISATION
At 1 December 2023
and 30 November 2024 8,192
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 153,816 462,423 616,239
Additions - 83,316 83,316
Disposals - (5,300 ) (5,300 )
At 30 November 2024 153,816 540,439 694,255
DEPRECIATION
At 1 December 2023 71,974 286,060 358,034
Charge for year 603 50,421 51,024
Eliminated on disposal - (5,300 ) (5,300 )
At 30 November 2024 72,577 331,181 403,758
NET BOOK VALUE
At 30 November 2024 81,239 209,258 290,497
At 30 November 2023 81,842 176,363 258,205

Included in cost of land and buildings is freehold land of £ 75,420 (2023 - £ 75,420 ) which is not depreciated.

Firmhelm Limited (Registered number: 01324374)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023 82,991
Additions 14,367
At 30 November 2024 97,358
NET BOOK VALUE
At 30 November 2024 97,358
At 30 November 2023 82,991

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pwllheli Marine Centre Limited
Registered office:
Nature of business: Property Rental
%
Class of shares: holding
Ordinary 56.67
30.11.24 30.11.23
£    £   
Aggregate capital and reserves 244,878 247,948
Profit for the year 4,015 4,767

7. STOCKS
30.11.24 30.11.23
£    £   
Stocks 154,704 160,802

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 40,344 25,140
Other debtors 37,755 15,209
78,099 40,349

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 97,810 10,133
Taxation and social security 14,181 37,820
Other creditors 39,276 36,476
151,267 84,429

Firmhelm Limited (Registered number: 01324374)

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

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 23,965 11,758

Deferred
tax
£   
Balance at 1 December 2023 11,758
Charge to Statement of Income and Retained Earnings during year 12,207
Balance at 30 November 2024 23,965

11. RELATED PARTY DISCLOSURES

The related party is Pwllheli Marine Centre Limited, of which S J Butterworth and Mrs A Butterworth are directors.

Transactions during the year were on an arms length basis as follows:



2024
£

Sales to Pwllheli Marine Centre Limited 0
Purchases from Pwllheli Marine Centre Limited 1,700


The Company received £7,083.75 from Pwllheli Marine Centre Limited.