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Company Registration No. 12576682 (England and Wales)
Armada Technologies Limited Unaudited accounts for the year ended 31 December 2023
Armada Technologies Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
41,999 
3,962 
Current assets
Inventories
529,829 
55,000 
Debtors
9,976 
7,396 
Cash at bank and in hand
62,713 
119,356 
602,518 
181,752 
Creditors: amounts falling due within one year
(674,244)
(60,550)
Net current (liabilities)/assets
(71,726)
121,202 
Net (liabilities)/assets
(29,727)
125,164 
Capital and reserves
Called up share capital
1,334 
1,267 
Share premium
531,528 
315,473 
Profit and loss account
(562,589)
(191,576)
Shareholders' funds
(29,727)
125,164 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
Roger Armson Director Company Registration No. 12576682
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Armada Technologies Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Armada Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 12576682. The registered office is Egerton House, 2 Tower Road, Birkenhead, CH41 1FN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors believe that Armada Technologies Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of engineering design 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Armada Technologies Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
4,572 
Additions
41,344 
At 31 December 2023
45,916 
Amortisation
At 1 January 2023
610 
Charge for the year
3,307 
At 31 December 2023
3,917 
Net book value
At 31 December 2023
41,999 
At 31 December 2022
3,962 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,976 
1,603 
Other debtors
- 
5,793 
9,976 
7,396 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
20,033 
96 
Taxes and social security
- 
1,596 
Other creditors
623,638 
34,708 
Accruals
30,573 
24,150 
674,244 
60,550 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,334,454 Ordinary shares of £0.001 each
1,334.45 
1,267.36 
Shares issued during the period:
67,091 Ordinary shares of £0.001 each
67.09 
8
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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