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REGISTERED NUMBER: 06377005 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2023

FOR

ARMCHAIR IT LIMITED

ARMCHAIR IT LIMITED (REGISTERED NUMBER: 06377005)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ARMCHAIR IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr D Pickard





SECRETARY: Mrs M Pickard





REGISTERED OFFICE: 3 Oaklea Avenue
Chelmsford
Essex
CM2 6BY





REGISTERED NUMBER: 06377005 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

ARMCHAIR IT LIMITED (REGISTERED NUMBER: 06377005)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 5 73,353 82,516

CURRENT ASSETS
Debtors 61,962 66,538
Cash at bank 34,614 20,254
96,576 86,792
CREDITORS
Amounts falling due within one year 330 330
NET CURRENT ASSETS 96,246 86,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,599

168,978

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 169,589 168,968
SHAREHOLDERS' FUNDS 169,599 168,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:



Mr D Pickard - Director


ARMCHAIR IT LIMITED (REGISTERED NUMBER: 06377005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Armchair It 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST
At 1 December 2022 82,516
Disposals (9,163 )
At 30 November 2023 73,353
NET BOOK VALUE
At 30 November 2023 73,353
At 30 November 2022 82,516

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary £1 10 10

ARMCHAIR IT LIMITED (REGISTERED NUMBER: 06377005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£ £
Mr D Pickard
Balance outstanding at start of year 48,698 48,052
Amounts advanced 1,013 958
Amounts repaid (5,626 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,085 48,698