26 February 2022 v2023.25.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP128359202022-02-262023-02-25128359202023-02-25128359202022-02-2512835920core:WithinOneYear2023-02-2512835920core:WithinOneYear2022-02-2512835920core:ShareCapital2023-02-2512835920core:ShareCapital2022-02-2512835920core:RetainedEarningsAccumulatedLosses2023-02-2512835920core:RetainedEarningsAccumulatedLosses2022-02-2512835920bus:Director12022-02-262023-02-2512835920bus:RegisteredOffice2022-02-262023-02-2512835920core:OfficeEquipment2022-02-262023-02-25128359202021-02-262022-02-2512835920core:PlantMachinery2023-02-2512835920core:PlantMachinery2022-02-2612835920core:PlantMachinery2022-02-262023-02-2512835920core:PlantMachinery2022-02-251283592012022-02-262023-02-2512835920countries:EnglandWales2022-02-262023-02-2512835920bus:AuditExemptWithAccountantsReport2022-02-262023-02-2512835920bus:PrivateLimitedCompanyLtd2022-02-262023-02-2512835920bus:SmallEntities2022-02-262023-02-2512835920bus:FullAccounts2022-02-262023-02-25
Company registration number:
12835920
Armstrong & Flint Limited
Unaudited Filleted Financial Statements for the year ended
25 February 2023
Armstrong & Flint Limited
Statement of Financial Position
25 February 2023
20232022
Note££
Fixed assets    
Tangible assets 5
366
 
549
 
Current assets    
Debtors 6
15,160
 
597
 
Cash at bank and in hand
74,481
 
14,999
 
89,641
 
15,596
 
Creditors: amounts falling due within one year 7
(82,358
)
(14,640
)
Net current assets
7,283
 
956
 
Total assets less current liabilities 7,649   1,505  
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
7,639
 
1,495
 
Shareholders funds
7,649
 
1,505
 
For the year ending
25 February 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 November 2023
, and are signed on behalf of the board by:
Stewart Harries
Director
Company registration number:
12835920
Armstrong & Flint Limited
Notes to the Financial Statements
Year ended
25 February 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Picton Lane
,
Swansea
,
SA1 4AF
, Wales.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
26 February 2022
and
25 February 2023
732
 
Depreciation  
At
26 February 2022
183
 
Charge
183
 
At
25 February 2023
366
 
Carrying amount  
At
25 February 2023
366
 
At 25 February 2022
549
 

6 Debtors

20232022
££
Trade debtors
15,160
  -  
Other debtors -  
597
 
15,160
 
597
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
18,025
 
13,740
 
Other creditors
64,333
 
900
 
82,358
 
14,640