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REGISTERED NUMBER: 03187368 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Armstrong Industries Limited

Armstrong Industries Limited (Registered number: 03187368)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Armstrong Industries Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J D Armstrong
A Richards
L Benn





SECRETARY: LCC Associates Limited





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 03187368 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Armstrong Industries Limited (Registered number: 03187368)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,481 203,069

CURRENT ASSETS
Stocks 215,000 218,000
Debtors 5 398,121 373,277
Cash at bank and in hand 893,600 691,958
1,506,721 1,283,235
CREDITORS
Amounts falling due within one year 6 551,185 509,607
NET CURRENT ASSETS 955,536 773,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,121,017

976,697

CREDITORS
Amounts falling due after more than one
year

7

-

(4,793

)

PROVISIONS FOR LIABILITIES (35,310 ) (47,240 )
NET ASSETS 1,085,707 924,664

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,085,704 924,661
SHAREHOLDERS' FUNDS 1,085,707 924,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Industries Limited (Registered number: 03187368)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





J D Armstrong - Director


Armstrong Industries Limited (Registered number: 03187368)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Armstrong Industries 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Deferred taxation
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 32 ) .

Armstrong Industries Limited (Registered number: 03187368)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 49,595 1,214,840 45,324
Additions - 12,640 -
At 30 April 2024 49,595 1,227,480 45,324
DEPRECIATION
At 1 May 2023 24,743 1,096,407 23,036
Charge for year 3,583 32,374 4,457
At 30 April 2024 28,326 1,128,781 27,493
NET BOOK VALUE
At 30 April 2024 21,269 98,699 17,831
At 30 April 2023 24,852 118,433 22,288

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 53,540 93,461 1,456,760
Additions - 498 13,138
At 30 April 2024 53,540 93,959 1,469,898
DEPRECIATION
At 1 May 2023 20,589 88,916 1,253,691
Charge for year 8,238 2,074 50,726
At 30 April 2024 28,827 90,990 1,304,417
NET BOOK VALUE
At 30 April 2024 24,713 2,969 165,481
At 30 April 2023 32,951 4,545 203,069

Armstrong Industries Limited (Registered number: 03187368)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 182,241 9,500 191,741
DEPRECIATION
At 1 May 2023 123,888 4,028 127,916
Charge for year 14,588 1,094 15,682
At 30 April 2024 138,476 5,122 143,598
NET BOOK VALUE
At 30 April 2024 43,765 4,378 48,143
At 30 April 2023 58,353 5,472 63,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 385,979 365,208
Other debtors 12,142 8,069
398,121 373,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 2,083
Hire purchase contracts 4,793 13,603
Trade creditors 201,548 263,960
Amounts owed to group undertakings 81,105 -
Taxation and social security 175,122 152,719
Other creditors 88,617 77,242
551,185 509,607

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 4,793

Armstrong Industries Limited (Registered number: 03187368)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 4,793 18,396

The hire purchase creditors are secured upon the asset purchased under each individual agreement.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

During the year the immediate controlling party was Westrow Properties Limited by virtue of their 100% shareholding in the company. The ownership changed on the 31st January 2024, when Armstrong Industries Trustees Limited, an employee ownership trust, acquired 100% of the share capital in Westrow Properties Limited.

Accordingly the trustees of the Armstrong Industries Employee Ownership Trust now control the company by virtue of their shareholding.