Registered number
10781195
Armstrong Nield Limited
Filleted Accounts
31 May 2023
Armstrong Nield Limited
Registered number: 10781195
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 25,486 -
Tangible assets 4 42,865 46,836
68,351 46,836
Current assets
Debtors 5 914,970 1,152,298
Cash at bank and in hand 18,550 194,065
933,520 1,346,363
Creditors: amounts falling due within one year 6 (674,891) (937,353)
Net current assets 258,629 409,010
Total assets less current liabilities 326,980 455,846
Creditors: amounts falling due after more than one year 7 (33,167) (44,126)
Net assets 293,813 411,720
Capital and reserves
Called up share capital 98 100
Share premium (100,000) -
Profit and loss account 393,715 411,620
Shareholders' funds 293,813 411,720
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carl Nield
Director
Approved by the board on 12 October 2023
Armstrong Nield Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 9
3 Intangible fixed assets £
Goodwill:
Cost
Additions 31,857
At 31 May 2023 31,857
Amortisation
Provided during the year 6,371
At 31 May 2023 6,371
Net book value
At 31 May 2023 25,486
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 70,286 990 71,276
Additions 6,818 - 6,818
At 31 May 2023 77,104 990 78,094
Depreciation
At 1 June 2022 24,440 - 24,440
Charge for the year 10,789 - 10,789
At 31 May 2023 35,229 - 35,229
Net book value
At 31 May 2023 41,875 990 42,865
At 31 May 2022 45,846 990 46,836
5 Debtors 2023 2022
£ £
Trade debtors 834,572 1,131,222
Other debtors 80,398 21,076
914,970 1,152,298
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 436,217 489,711
Trade creditors 83,215 277,416
Taxation and social security costs 150,289 170,226
Other creditors 5,170 -
674,891 937,353
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,167 44,126
8 Other information
Armstrong Nield Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 310 & 311
Atlas House
Caxton Close
Wigan
WN3 6XU
Armstrong Nield Limited 10781195 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Carl Nield No description of principal activity 10781195 2021-06-01 2022-05-31 10781195 core:WithinOneYear 2022-05-31 10781195 core:AfterOneYear 2022-05-31 10781195 core:ShareCapital 2022-05-31 10781195 core:SharePremium 2022-05-31 10781195 core:RetainedEarningsAccumulatedLosses 2022-05-31 10781195 2022-06-01 2023-05-31 10781195 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10781195 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10781195 bus:Director40 2022-06-01 2023-05-31 10781195 1 2022-06-01 2023-05-31 10781195 2 2022-06-01 2023-05-31 10781195 core:Goodwill 2022-06-01 2023-05-31 10781195 core:PlantMachinery 2022-06-01 2023-05-31 10781195 core:Vehicles 2022-06-01 2023-05-31 10781195 countries:England 2022-06-01 2023-05-31 10781195 bus:FRS102 2022-06-01 2023-05-31 10781195 bus:FullAccounts 2022-06-01 2023-05-31 10781195 2023-05-31 10781195 core:WithinOneYear 2023-05-31 10781195 core:AfterOneYear 2023-05-31 10781195 core:ShareCapital 2023-05-31 10781195 core:SharePremium 2023-05-31 10781195 core:RetainedEarningsAccumulatedLosses 2023-05-31 10781195 core:Goodwill 2023-05-31 10781195 core:PlantMachinery 2023-05-31 10781195 core:Vehicles 2023-05-31 10781195 2022-05-31 10781195 core:PlantMachinery 2022-05-31 10781195 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure