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REGISTERED NUMBER: 09162989 (England and Wales)






ARMASHIELD LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARMASHIELD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: O J Moggach
Mrs E Moggach
D L Moggach
D P Moggach





REGISTERED OFFICE: 46 Aston Road
Waterlooville
Hampshire
PO7 7XJ





REGISTERED NUMBER: 09162989 (England and Wales)





ACCOUNTANTS: Oldfield Accountants
Santis House
Curriers Close
Coventry
West Midlands
CV4 8AW

ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,167 140,167
Tangible assets 5 81,055 72,488
163,222 212,655

CURRENT ASSETS
Stocks 96,975 54,282
Debtors 6 665,011 660,335
Cash at bank 288 22,839
762,274 737,456
CREDITORS
Amounts falling due within one year 7 800,505 884,447
NET CURRENT LIABILITIES (38,231 ) (146,991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,991

65,664

CREDITORS
Amounts falling due after more than one
year

8

-

(100,000

)

PROVISIONS FOR LIABILITIES (14,458 ) (13,287 )
NET ASSETS/(LIABILITIES) 110,533 (47,623 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,433 (47,723 )
110,533 (47,623 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 2 November 2018 and were signed on
its behalf by:





D P Moggach - Director


ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Armashield Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2014, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.


ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2017 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 290,000
AMORTISATION
At 1 April 2017 149,833
Amortisation for year 58,000
At 31 March 2018 207,833
NET BOOK VALUE
At 31 March 2018 82,167
At 31 March 2017 140,167

ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2017 5,890 32,778 17,133
Additions 210 4,579 7,686
At 31 March 2018 6,100 37,357 24,819
DEPRECIATION
At 1 April 2017 2,418 11,036 6,511
Charge for year 1,209 4,749 3,613
At 31 March 2018 3,627 15,785 10,124
NET BOOK VALUE
At 31 March 2018 2,473 21,572 14,695
At 31 March 2017 3,472 21,742 10,622

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2017 34,987 28,835 119,623
Additions 18,000 4,830 35,305
Disposals (7,500 ) - (7,500 )
At 31 March 2018 45,487 33,665 147,428
DEPRECIATION
At 1 April 2017 17,970 9,200 47,135
Charge for year 4,787 4,880 19,238
At 31 March 2018 22,757 14,080 66,373
NET BOOK VALUE
At 31 March 2018 22,730 19,585 81,055
At 31 March 2017 17,017 19,635 72,488

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 603,676 657,501
Other debtors 61,335 2,834
665,011 660,335

ARMASHIELD LTD (REGISTERED NUMBER: 09162989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 3,934 -
Hire purchase contracts - 1,386
Trade creditors 418,388 380,575
Taxation and social security 153,213 153,960
Other creditors 224,970 348,526
800,505 884,447

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors - 100,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors due within one year are interest-free advances to directors of £45,202 (2017:
£Nil).

10. RELATED PARTY DISCLOSURES

Included within creditors due within one year are loans from directors totalling £122,964 (2017:
£210,865). The loans have been made on an interest free basis and are repayable on demand.