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REGISTERED NUMBER: 09943126 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

ARMCON RENTALS LIMITED

ARMCON RENTALS LIMITED (REGISTERED NUMBER: 09943126)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARMCON RENTALS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: R Armstrong



SECRETARY: R Armstrong



REGISTERED OFFICE: Armcon Business Park
London Road South
Poynton
Cheshire
SK12 1LQ



REGISTERED NUMBER: 09943126 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: NatWest Bank Plc
10 Great Underbank
Stockport
Cheshire
SK11 1LT

ARMCON RENTALS LIMITED (REGISTERED NUMBER: 09943126)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 711,968 874,312
Investment property 5 1,900,000 1,900,000
2,611,968 2,774,312

CURRENT ASSETS
Debtors 6 1,103,177 1,144,653
Cash at bank 29,519 45,359
1,132,696 1,190,012
CREDITORS
Amounts falling due within one year 7 373,711 629,480
NET CURRENT ASSETS 758,985 560,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,370,953

3,334,844

CAPITAL AND RESERVES
Called up share capital 453 453
Retained earnings 3,370,500 3,334,391
3,370,953 3,334,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





R Armstrong - Director


ARMCON RENTALS LIMITED (REGISTERED NUMBER: 09943126)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Armcon Rentals 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.

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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ARMCON RENTALS LIMITED (REGISTERED NUMBER: 09943126)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 935,482 57,675 4,607 997,764
Additions 163,674 - - 163,674
Disposals (247,498 ) - - (247,498 )
At 31 January 2024 851,658 57,675 4,607 913,940
DEPRECIATION
At 1 February 2023 106,260 15,320 1,872 123,452
Charge for year 122,687 10,650 1,424 134,761
Eliminated on disposal (56,241 ) - - (56,241 )
At 31 January 2024 172,706 25,970 3,296 201,972
NET BOOK VALUE
At 31 January 2024 678,952 31,705 1,311 711,968
At 31 January 2023 829,222 42,355 2,735 874,312

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,900,000
NET BOOK VALUE
At 31 January 2024 1,900,000
At 31 January 2023 1,900,000

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 101,075 25,209
Amounts owed by related parties 90,101 65,634
Other debtors 27,936 111,024
219,112 201,867

Amounts falling due after more than one year:
Amounts owed by related parties 884,065 942,786

Aggregate amounts 1,103,177 1,144,653

ARMCON RENTALS LIMITED (REGISTERED NUMBER: 09943126)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 4,079 3,642
Taxation and social security 69,025 -
Other creditors 300,607 625,838
373,711 629,480

8. SECURED DEBTS

This company has granted a charge over property in favour of NatWest in relation to monies owed to them by Armcon Limited. Mr R Armstrong is a director in both companies.

The company has also made loans to Armcon Limited, which are secured by way of a debenture over the stock and work in progress of Armcon Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Armstrong.