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Registration number: 11692889

Armada Construction Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Armada Construction Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Armada Construction Limited

Company Information

Director

Mr L Farmer

Registered office

16 Whiteford Road
Mannamead
Plymouth
Devon
PL3 5LX

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Armada Construction Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Armada Construction Limited for the year ended 30 November 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Armada Construction Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Armada Construction Limited and state those matters that we have agreed to state to the Board of Directors of Armada Construction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Armada Construction Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Armada Construction Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Armada Construction Limited. You consider that Armada Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Armada Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

10 April 2024

 

Armada Construction Limited

(Registration number: 11692889)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

11,385

7,091

Current assets

 

Debtors

5

12,363

55,291

Cash at bank and in hand

 

3,012

20,006

 

15,375

75,297

Creditors: Amounts falling due within one year

6

(11,329)

(39,046)

Net current assets

 

4,046

36,251

Total assets less current liabilities

 

15,431

43,342

Creditors: Amounts falling due after more than one year

6

(7,500)

(12,500)

Net assets

 

7,931

30,842

Capital and reserves

 

Called up share capital

1

1

Retained earnings

7,930

30,841

Shareholders' funds

 

7,931

30,842

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Armada Construction Limited

(Registration number: 11692889)
Balance Sheet as at 30 November 2023

Approved and authorised by the director on 10 April 2024
 

.........................................

Mr L Farmer

Director

 

Armada Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Whiteford Road
Mannamead
Plymouth
Devon
PL3 5LX

These financial statements were authorised for issue by the director on 10 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Armada Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance

Fixtures and fittings

25% Reducing balance

Motor Vehicles

25% Reducing balance

Computer Equipment

25% Reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

 

Armada Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2022

3,174

3,250

9,000

15,424

Additions

2,254

4,500

1,900

8,654

Disposals

(174)

(3,250)

-

(3,424)

At 30 November 2023

5,254

4,500

10,900

20,654

Depreciation

At 1 December 2022

2,152

1,879

4,302

8,333

Charge for the year

800

1,125

991

2,916

Eliminated on disposal

(101)

(1,879)

-

(1,980)

At 30 November 2023

2,851

1,125

5,293

9,269

Carrying amount

At 30 November 2023

2,403

3,375

5,607

11,385

At 30 November 2022

1,022

1,371

4,698

7,091

5

Debtors

2023
£

2022
£

Trade debtors

-

8,375

Prepayments

1,079

-

Other debtors

11,284

46,916

12,363

55,291

 

Armada Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

5,000

5,000

Trade creditors

 

3,157

208

Taxation and social security

 

1,607

20,476

Accruals and deferred income

 

1,385

3,588

Other creditors

 

180

9,774

 

11,329

39,046

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7,500

12,500

7

Related party transactions

During the year the company made cash advances of £13,923 to the director, £10,236 of this amount repaid during the year and the balance outstanding at 30 November 2023: was £3,687 (2022: £9,624 creditor).