08475897falseManufacture of metal structures and parts of structures2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08475897
ARMOUR SYSTEMS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Prepared By:
Brook & Co Accountants
Chartered Certified Accountants
33A High Street
Stony Stratford
Milton Keynes
Bucks
MK11 1AA
ARMOUR SYSTEMS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
Yvette CROWLEY
Andrew GASCOIGNE
REGISTERED OFFICE
Unit J Lyon Road
Denbigh West
Milton Keynes
MK1 1EX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08475897
ACCOUNTANTS
Brook & Co Accountants
Chartered Certified Accountants
33A High Street
Stony Stratford
Milton Keynes
Bucks
MK11 1AA
ARMOUR SYSTEMS LIMITED
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
ARMOUR SYSTEMS LIMITED
BALANCE SHEET AT 31 December 2023
20232022
Notes££
FIXED ASSETS
Tangible assets3178,341199,918
CURRENT ASSETS
Stock15,00016,000
Debtors5303,394194,119
Cash at bank and in hand460,007592,490
778,401802,609
CREDITORS: Amounts falling due within one year6533,727519,558
NET CURRENT ASSETS244,674283,051
TOTAL ASSETS LESS CURRENT LIABILITIES423,015482,969
CREDITORS: Amounts falling due after more than one year7-200,000
NET ASSETS423,015282,969
CAPITAL AND RESERVES
Called up share capital8100100
Other reserves9400,000280,000
Profit and loss account22,9152,869
SHAREHOLDERS' FUNDS423,015282,969
For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 September 2024 and signed on their behalf by
.............................
Andrew GASCOIGNE
Director
ARMOUR SYSTEMS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. 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.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
ARMOUR SYSTEMS LIMITED
2. EMPLOYEES
20232022
No.No.
Average number of employees1011
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 January 2023120,00097,128217,128
Additions-620620
At 31 December 2023120,00097,748217,748
Depreciation
At 1 January 2023-17,21017,210
For the year-22,19722,197
At 31 December 2023-39,40739,407
Net Book Amounts
At 31 December 2023120,00058,341178,341
At 31 December 2022120,00079,918199,918
4. STOCK 20232022
££
Stock comprises:
Stock15,00016,000
15,00016,000
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors183,263121,930
Other Tax-17,013
Other debtors120,13155,176
303,394194,119
ARMOUR SYSTEMS LIMITED
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors11,37026,238
Taxation and social security63,82327,238
Other creditors458,534466,082
533,727519,558
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors-200,000
-200,000
Included in other creditors are:
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. OTHER RESERVES 20232022
££
Other distributable reserves400,000280,000
400,000280,000