Registered number: 09917366 | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
Prepared By: | ||||||||
Frank Gartland Limited | ||||||||
6 Torland Road | ||||||||
Plymouth | ||||||||
PL3 5TS |
Armada Civil Engineering (SW) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Plymouth | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09917366 | ||||||||
ACCOUNTANTS | ||||||||
Frank Gartland Limited | ||||||||
6 Torland Road | ||||||||
Plymouth | ||||||||
PL3 5TS |
Armada Civil Engineering (SW) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Armada Civil Engineering (SW) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
407,511 | 329,131 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (202,281) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 29,078 | 34,484 | |||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (336,711) | (278,396) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Armada Civil Engineering (SW) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis.The company's Directors and shareholders have confirmed they will continue to support the company. |
1c. Depreciation | ||||||||
Commercial Vehicles | straight line 25% | |||||||
Equipment | straight line 33% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
Armada Civil Engineering (SW) Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/01/2023 | 9,050 | 11,637 | 20,687 | |||
Additions | 22,000 | 4,187 | 26,187 | |||
At 31/12/2023 | 31,050 | 15,824 | 46,874 | |||
Depreciation | ||||||
At 01/01/2023 | 7,034 | 10,134 | 17,168 | |||
For the year | 7,516 | 2,844 | 10,360 | |||
At 31/12/2023 | 14,550 | 12,978 | 27,528 | |||
Net Book Amounts | ||||||
At 31/12/2023 | 19,346 | |||||
At 31/12/2022 | 3,519 | |||||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 298,846 | 284,559 | ||||||
VAT | 30,947 | 19,571 | ||||||
Salaries and wages control | 6,222 | 1 | ||||||
Other debtors | 2,800 | - | ||||||
Prepayments | 9,311 | - | ||||||
Directors current account | 1,504 | - | ||||||
349,630 | 304,131 | |||||||
Armada Civil Engineering (SW) Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
PAYE control | 120,556 | 95,580 | ||||||
Directors current account | - | 82 | ||||||
Directors current account | 14 | 172 | ||||||
Bank loans and overdrafts | - | 20,784 | ||||||
Loans | 88,356 | 86,878 | ||||||
Trade creditors | 233,213 | 168,290 | ||||||
Other creditors | - | 3,023 | ||||||
Pension schemes | 1,061 | 585 | ||||||
Accruals | 26,649 | 13,330 | ||||||
Invoice finance liability | 219,491 | 142,688 | ||||||
689,340 | 531,412 | |||||||
Included above are Directors' loans of £14 (2022 £254) which are interest free and repayable on demand. The Company's trade debtors are factored and a debenture covering all of the company's assets is held by the factor. | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 29,078 | 34,484 | ||||||
29,078 | 34,484 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 9 | |||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
45150 | 45150 | |||||||
45,150 | 45,150 | |||||||