13 01/03/2023 29/02/2024 2024-02-29 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05696355 2023-03-01 2024-02-29 05696355 2024-02-29 05696355 2023-02-28 05696355 2022-03-01 2023-02-28 05696355 2023-02-28 05696355 2022-02-28 05696355 bus:Director1 2023-03-01 2024-02-29 05696355 core:WithinOneYear 2024-02-29 05696355 core:WithinOneYear 2023-02-28 05696355 core:AfterOneYear 2024-02-29 05696355 core:AfterOneYear 2023-02-28 05696355 core:ShareCapital 2024-02-29 05696355 core:ShareCapital 2023-02-28 05696355 core:RetainedEarningsAccumulatedLosses 2024-02-29 05696355 core:RetainedEarningsAccumulatedLosses 2023-02-28 05696355 bus:SmallEntities 2023-03-01 2024-02-29 05696355 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05696355 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05696355 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05696355 bus:AbridgedAccounts 2023-03-01 2024-02-29
Company registration number: 05696355
Armourgeddon Limited
Unaudited filleted abridged financial statements
for the Year ended
29 February 2024
Armourgeddon Limited
Contents
Abridged balance sheet
Notes to the financial statements
Armourgeddon Limited
Abridged Balance Sheet
29 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Current assets
Stocks 367,709 316,085
Debtors 1,275,136 444,758
Cash at bank and in hand 77,200 182,303
_______ _______
1,720,045 943,146
Creditors: amounts falling due
within one year ( 940,979) ( 778,845)
_______ _______
Net current assets 779,066 164,301
_______ _______
Total assets less current liabilities 779,066 164,301
Creditors: amounts falling due
after more than one year ( 20,000) ( 30,000)
Accruals and deferred income ( 141,730) ( 13,089)
_______ _______
Net assets 617,336 121,212
_______ _______
Capital and reserves
Called up share capital 103 103
Profit and loss account 617,233 121,109
_______ _______
Shareholders funds 617,336 121,212
_______ _______
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
All of the members have consented to the preparation of the abridged Balance Sheet for the current year ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 03 September 2024 , and are signed on behalf of the board by:
Mr S Garner
Director
Company registration number: 05696355
Armourgeddon Limited
Notes to the financial statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Southfields Farm, Leicester Road, Husbands Bosworth, Leicestershire, LE17 6NW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 15 ).
5. Intangible assets
£
Cost
At 1 March 2023 and 29 February 2024 20,000
_______
Amortisation
At 1 March 2023 and 29 February 2024 20,000
_______
Carrying amount
At 29 February 2024 -
_______
At 28 February 2023 -
_______