REGISTERED NUMBER: 04305314 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Garmet Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G E Dixon

J M Goodman

SECRETARY:

G E Dixon

REGISTERED OFFICE:

St Helens Way

Thetford

Norfolk

IP24 1HG

REGISTERED NUMBER:

04305314 (England and Wales)

ACCOUNTANTS:

Knights Lowe

The Barn

11 Bury Road

Thetford

Norfolk

IP24 3PJ

FIXED ASSETS

Tangible assets

4

4,387

5,736

Investments

5

287,000

287,000

291,387

292,736

CURRENT ASSETS

Debtors

6

208,816

220,000

Cash at bank

3,493

2,626

212,309

222,626

CREDITORS

Amounts falling due within one year

7

351,298

368,846

NET CURRENT LIABILITIES

(138,989

)

(146,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

152,398

146,516

CAPITAL AND RESERVES

Called up share capital

8

40

40

Share premium

143,450

143,450

Capital redemption reserve

40

40

Retained earnings

8,868

2,986

SHAREHOLDERS' FUNDS

152,398

146,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

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 Board of Directors and authorised for issue on 4 March 2026 and were signed on its behalf by:

G E Dixon - Director

J M Goodman - Director

1.	STATUTORY INFORMATION

Garmet Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in recognition of financial assets and liabilities. Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

38,287

DEPRECIATION

At 1 August 2024

32,551

Charge for year

1,349

At 31 July 2025

33,900

NET BOOK VALUE

At 31 July 2025

4,387

At 31 July 2024

5,736

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 July 2025

287,000

NET BOOK VALUE

At 31 July 2025

287,000

At 31 July 2024

287,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

208,816

220,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

308,133

314,508

Taxation and social security

41,705

52,948

Other creditors

1,460

1,390

351,298

368,846

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

40

Ordinary G shares

£1

40

40