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Company No: 03368120 (England and Wales)

# GREENFIELDS GUNMAKERS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

GREENFIELDS GUNMAKERS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

GREENFIELDS GUNMAKERS LIMITED

## BALANCE SHEET

As at 30 June 2025
GREENFIELDS GUNMAKERS LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 9,674 |  | 13,129
Tangible assets | 4 | 45,762 |  | 91,354
|  | 55,436 |  | 104,483
Current assets |  |  |  |
Stocks |  | 2,042,446 |  | 1,853,021
Debtors | 5 | 160,132 |  | 267,548
Cash at bank and in hand |  | 312 |  | 168
|  | 2,202,890 |  | 2,120,737
Creditors: amounts falling due within one year | 6 | ( 904,846) |  | ( 812,052)
Net current assets |  | 1,298,044 |  | 1,308,685
Total assets less current liabilities |  | 1,353,480 |  | 1,413,168
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 10,716)
Net assets |  | 1,353,480 |  | 1,402,452
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 1,353,478 |  | 1,402,450
Total shareholder's funds |  | 1,353,480 |  | 1,402,452

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Greenfields Gunmakers Limited (registered number: 03368120) were approved and authorised for issue by the Board of Directors on 27 March 2026. They were signed on its behalf by:

A Pike Director |

GREENFIELDS GUNMAKERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
GREENFIELDS GUNMAKERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Greenfield Gunmakers Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Milford Street, Salisbury, Wiltshire, SP1 2AP, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

##### Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable from the sale and repair of guns and other related items during the year in the normal course of business, net of discounts and VAT.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Computer software | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 6.67 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

##### Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 9 |  | 9

#### 3. Intangible assets

| Computer software |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 17,275 |  | 17,275
At 30 June 2025 | 17,275 |  | 17,275
Accumulated amortisation |  |  |
At 01 July 2024 | 4,146 |  | 4,146
Charge for the financial year | 3,455 |  | 3,455
At 30 June 2025 | 7,601 |  | 7,601
Net book value |  |  |
At 30 June 2025 | 9,674 |  | 9,674
At 30 June 2024 | 13,129 |  | 13,129

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 July 2024 | 18,232 |  | 71,661 |  | 458,127 |  | 6,117 |  | 554,137
At 30 June 2025 | 18,232 |  | 71,661 |  | 458,127 |  | 6,117 |  | 554,137
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 July 2024 | 18,232 |  | 71,661 |  | 367,139 |  | 5,751 |  | 462,783
Charge for the financial year | 0 |  | 0 |  | 45,360 |  | 232 |  | 45,592
At 30 June 2025 | 18,232 |  | 71,661 |  | 412,499 |  | 5,983 |  | 508,375
Net book value |  |  |  |  |  |  |  |  |
At 30 June 2025 | 0 |  | 0 |  | 45,628 |  | 134 |  | 45,762
At 30 June 2024 | 0 |  | 0 |  | 90,988 |  | 366 |  | 91,354

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 93,199 |  | 177,399
Prepayments | 1,153 |  | 806
Deferred tax asset | 55,448 |  | 60,449
VAT recoverable | 9,978 |  | 8,894
Corporation tax | 354 |  | 0
Other debtors | 0 |  | 20,000
| 160,132 |  | 267,548

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 227,274 |  | 194,189
Trade creditors | 531,531 |  | 473,705
Amounts owed to directors | 140,754 |  | 118,615
Accruals | 5,287 |  | 11,532
Corporation tax | 0 |  | 14,011
| 904,846 |  | 812,052

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 10,716

#### 8. Related party transactions

During the year rent of £36,000 (2024: £36,000) was paid to A Pike and Mrs T Pike, the directors of the company, relating to the properties at which the company trades.
Included within creditors is £140,754 (2024: £118,615) due to the directors.

#### 9. Ultimate controlling party

The ultimate controlling party is A Pike who holds both of the company's issued ordinary shares of £1 each.