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REGISTERED NUMBER: 10437249 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

Armstrong Projects Limited

Armstrong Projects Limited (Registered number: 10437249)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Armstrong Projects Limited

Company Information
for the Year Ended 31st October 2023







DIRECTORS: Mr C J Hamlett
Mr P R Armstrong
Mr C Greenall





REGISTERED OFFICE: Peine House
Hind Hill Street
Heywood
OL10 1JZ





REGISTERED NUMBER: 10437249 (England and Wales)





ACCOUNTANT: Frazer Waite Desmier Limited
Peine House
Hind Hill Street
Heywood
Lancashire
OL10 1JZ

Armstrong Projects Limited (Registered number: 10437249)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,757 58,236

CURRENT ASSETS
Stocks 206,230 374,549
Debtors 5 589,137 824,440
Cash at bank 512,605 1,427,201
1,307,972 2,626,190
CREDITORS
Amounts falling due within one year 6 1,092,843 2,334,697
NET CURRENT ASSETS 215,129 291,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,886

349,729

CREDITORS
Amounts falling due after more than one
year

7

(46,990

)

(66,216

)

PROVISIONS FOR LIABILITIES - (963 )
NET ASSETS 215,896 282,550

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 215,396 282,050
215,896 282,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Armstrong Projects Limited (Registered number: 10437249)

Balance Sheet - continued
31st October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





Mr C J Hamlett - Director


Armstrong Projects Limited (Registered number: 10437249)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Armstrong Projects 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Armstrong Projects Limited (Registered number: 10437249)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 117,599
Additions 8,173
Disposals (2,320 )
At 31st October 2023 123,452
DEPRECIATION
At 1st November 2022 59,363
Charge for year 17,098
Eliminated on disposal (766 )
At 31st October 2023 75,695
NET BOOK VALUE
At 31st October 2023 47,757
At 31st October 2022 58,236

Armstrong Projects Limited (Registered number: 10437249)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 60,175
DEPRECIATION
At 1st November 2022 26,327
Charge for year 8,462
At 31st October 2023 34,789
NET BOOK VALUE
At 31st October 2023 25,386
At 31st October 2022 33,848

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 194,345 272,951
Other debtors 306,435 463,132
500,780 736,083

Amounts falling due after more than one year:
Amounts owed by group undertakings 88,357 88,357

Aggregate amounts 589,137 824,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 34,025 10,556
Hire purchase contracts 6,066 4,492
Trade creditors 382,118 911,644
Taxation and social security 188,266 208,642
Other creditors 482,368 1,199,363
1,092,843 2,334,697

Armstrong Projects Limited (Registered number: 10437249)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 17,865 28,271
Hire purchase contracts 29,125 37,945
46,990 66,216