IRIS Accounts Production v24.3.0.553 11932952 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119329522022-11-30119329522023-11-30119329522022-12-012023-11-30119329522021-11-30119329522021-12-012022-11-30119329522022-11-3011932952ns15:EnglandWales2022-12-012023-11-3011932952ns14:PoundSterling2022-12-012023-11-3011932952ns10:Director12022-12-012023-11-3011932952ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011932952ns10:SmallEntities2022-12-012023-11-3011932952ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011932952ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011932952ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011932952ns10:FullAccounts2022-12-012023-11-3011932952ns10:OrdinaryShareClass12022-12-012023-11-3011932952ns5:CurrentFinancialInstruments2023-11-3011932952ns5:CurrentFinancialInstruments2022-11-3011932952ns5:Non-currentFinancialInstruments2023-11-3011932952ns5:Non-currentFinancialInstruments2022-11-3011932952ns5:ShareCapital2023-11-3011932952ns5:ShareCapital2022-11-3011932952ns5:SharePremium2023-11-3011932952ns5:SharePremium2022-11-3011932952ns5:RetainedEarningsAccumulatedLosses2023-11-3011932952ns5:RetainedEarningsAccumulatedLosses2022-11-3011932952ns5:ShareCapital2021-11-3011932952ns5:RetainedEarningsAccumulatedLosses2021-11-3011932952ns5:SharePremium2021-11-3011932952ns5:RetainedEarningsAccumulatedLosses2021-12-012022-11-3011932952ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-3011932952ns10:RegisteredOffice2022-12-012023-11-3011932952ns5:LeaseholdImprovements2022-11-3011932952ns5:PlantMachinery2022-11-3011932952ns5:FurnitureFittings2022-11-3011932952ns5:LeaseholdImprovements2022-12-012023-11-3011932952ns5:PlantMachinery2022-12-012023-11-3011932952ns5:FurnitureFittings2022-12-012023-11-3011932952ns5:LeaseholdImprovements2023-11-3011932952ns5:PlantMachinery2023-11-3011932952ns5:FurnitureFittings2023-11-3011932952ns5:LeaseholdImprovements2022-11-3011932952ns5:PlantMachinery2022-11-3011932952ns5:FurnitureFittings2022-11-3011932952ns5:MotorVehicles2022-11-3011932952ns5:ComputerEquipment2022-11-3011932952ns5:MotorVehicles2022-12-012023-11-3011932952ns5:ComputerEquipment2022-12-012023-11-3011932952ns5:MotorVehicles2023-11-3011932952ns5:ComputerEquipment2023-11-3011932952ns5:MotorVehicles2022-11-3011932952ns5:ComputerEquipment2022-11-3011932952ns5:CostValuation2022-11-3011932952ns5:AdditionsToInvestments2023-11-3011932952ns5:CostValuation2023-11-3011932952ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3011932952ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3011932952ns5:Non-currentFinancialInstruments2022-12-012023-11-3011932952ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3011932952ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-11-3011932952ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3011932952ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3011932952ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-11-3011932952ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2022-11-3011932952ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-11-3011932952ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-11-3011932952ns5:HirePurchaseContracts2023-11-3011932952ns5:HirePurchaseContracts2022-11-3011932952ns5:WithinOneYear2023-11-3011932952ns5:WithinOneYear2022-11-3011932952ns10:OrdinaryShareClass12023-11-30119329521ns10:Director12022-11-30119329521ns10:Director12021-11-30119329521ns10:Director12022-12-012023-11-30119329521ns10:Director12021-12-012022-11-30119329521ns10:Director12023-11-30119329521ns10:Director12022-11-30
REGISTERED NUMBER: 11932952 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

The Armour Group Of Companies Limited

The Armour Group Of Companies Limited (Registered number: 11932952)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Statement of Financial Position 1

Statement of Changes in Equity 3

Notes to the Financial Statements 4


The Armour Group Of Companies Limited (Registered number: 11932952)

Statement of Financial Position
30 November 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 79,644 104,802
Investments 5 1,420 1,400
81,064 106,202

CURRENT ASSETS
Debtors: amounts falling due within
one year

6

293,289

157,379
Debtors: amounts falling due after
more than one year

6

96,470

96,470
Cash at bank 542 1,244
390,301 255,093
CREDITORS
Amounts falling due within one year 7 424,470 259,555
NET CURRENT LIABILITIES (34,169 ) (4,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,895

101,740

CREDITORS
Amounts falling due after more than
one year

8

122,588

146,286
NET LIABILITIES (75,693 ) (44,546 )

The Armour Group Of Companies Limited (Registered number: 11932952)

Statement of Financial Position - continued
30 November 2023

2023 2022
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium 1,200 1,200
Retained earnings (76,993 ) (45,846 )
SHAREHOLDERS' FUNDS (75,693 ) (44,546 )

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.

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 27 November 2024 and were signed by:





S J Green - Director


The Armour Group Of Companies Limited (Registered number: 11932952)

Statement of Changes in Equity
for the Year Ended 30 November 2023

Called up
share Retained Share Total
capital earnings premium equity
£ £ £ £
Balance at 1 December 2021 100 34,856 1,200 36,156

Changes in equity
Total comprehensive income - (80,702 ) - (80,702 )
Balance at 30 November 2022 100 (45,846 ) 1,200 (44,546 )

Changes in equity
Total comprehensive income - (31,147 ) - (31,147 )
Balance at 30 November 2023 100 (76,993 ) 1,200 (75,693 )

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

The Armour Group Of Companies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11932952

Registered office: 3b Castle Court Warwick Road
Fairfield Industrial Estate
Louth
LN11 0YB

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.

Preparation of consolidated financial statements
The financial statements contain information about The Armour Group Of Companies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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

Plant and Machinery - 20% on a reducing balance basis
Improvements to property (leased) - over the period of the lease
Computer Equipment - 33.33% on a straight line method
Fixtures & Fittings - 10% on a straight line method
Motor Vehicles - 25% on a straight line method

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss and included in other operating income.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cashgenerating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had
no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including the transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
The company has no financial assets which are classified as other financial assets in these financial statements.

Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occuring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
The company has no financial liabilities which are classified as other financial liabilities in these financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Going concern
During the year ended 30 November 2023 the company recorded a Loss before tax of £31,147 (2022: Loss before tax of £80,702) and at that date its net liabilities were £75,693 (2022: net liabilities of £44,546). The company is reliant upon the ongoing support of its director and group companies in order to meet its liabilities as they fall due. This support includes not demanding the repayment of outstanding loans and advancing new loans when required. On the basis of his review of forecasts and available data, the director considers the going concern basis of accounting to be appropriate for the business and in these financial statements..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 December 2022 5,961 420 3,017
Additions 3,817 - -
Disposals - - -
At 30 November 2023 9,778 420 3,017
DEPRECIATION
At 1 December 2022 988 32 281
Charge for year 884 84 301
Eliminated on disposal - - -
At 30 November 2023 1,872 116 582
NET BOOK VALUE
At 30 November 2023 7,906 304 2,435
At 30 November 2022 4,973 388 2,736

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 December 2022 107,587 18,281 135,266
Additions - 7,230 11,047
Disposals - (510 ) (510 )
At 30 November 2023 107,587 25,001 145,803
DEPRECIATION
At 1 December 2022 26,563 2,600 30,464
Charge for year 26,897 8,008 36,174
Eliminated on disposal - (479 ) (479 )
At 30 November 2023 53,460 10,129 66,159
NET BOOK VALUE
At 30 November 2023 54,127 14,872 79,644
At 30 November 2022 81,024 15,681 104,802

Motor vehicles with a net book value at the year end of £54,127 (2022: £81,024) are under hire purchase agreements and the corresponding liability is included in note 8.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 December 2022 1,400
Additions 20
At 30 November 2023 1,420
NET BOOK VALUE
At 30 November 2023 1,420
At 30 November 2022 1,400

On 1 September 2022 the company acquired 100% of the ordinary share capital of Coded Armour Limited and increased its investment in the company during the year ended 30 November 2023.

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Amounts owed by group undertakings 209,415 122,098
Other debtors 23,037 7,146
S455 Tax recoverable 14,198 -
Directors' current accounts 42,466 24,362
Prepayments 4,173 3,773
293,289 157,379

Amounts falling due after more than one year:
Amounts owed by group undertakings 96,470 96,470

Aggregate amounts 389,759 253,849

Loans due from group undertakings are unsecured, interest free and with no fixed repayment dates. The agreement provides for an initial loan term of ten years but with the option to extend or shortern this if circumstances change.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 9)
6,025

6,000
Hire purchase contracts (see note 10)
18,713

18,713
Trade creditors 27,642 21,594
Amounts owed to group undertakings 106,550 71,750
Tax 15,394 -
Social security and other taxes 105,890 61,836
Pension payable 7,988 7,988
VAT 112,806 53,781
Other Creditors - Wages 11,091 9,593
Accrued expenses 12,371 8,300
424,470 259,555

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£ £
Bank loans (see note 9) 36,943 42,943
Hire purchase contracts (see note 10)
46,145

63,843
Amounts owed to group undertakings 39,500 39,500
122,588 146,286

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,943 18,943

On 22 June 2020, the company received a loan for £50,000 from Barclays Bank plc. The loan was unsecured and repayable in instalments over six years. The interest rate was fixed at 2.5% per annum for the term of the loan and HM Government paid the first year of interest on behalf of the Company. HM Government has guaranteed 100% of the value of the loan.

During 2021, the Company took the option to extend the repayment term to ten years, there was no impact on the other loan terms.

On 9 November 2022, the loan was transferred to Credit Style Limited. The interest was frozen and the repayment term remains unchanged.

Loans due to group undertakings are unsecured, interest free and with no fixed repayment dates. The agreement provides for an initial loan term of ten years but with the option to extend or shorten this if circumstances change.

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 25 -
Bank loans 6,000 6,000
6,025 6,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,000 6,000

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. LOANS - continued
2023 2022
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 18,000 18,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,943 18,943

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 18,713 18,713
Between one and five years 46,145 63,843
64,858 82,556

Non-cancellable
operating leases
2023 2022
£ £
Within one year - 12,240

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary Shares £1 100 100

The Armour Group Of Companies Limited (Registered number: 11932952)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. 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
£ £
S J Green
Balance outstanding at start of year 24,362 680
Amounts advanced 67,334 60,230
Amounts repaid (49,230 ) (36,548 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,466 24,362

Loans to Directors are interest-free and repayable on demand.

13. RELATED PARTY DISCLOSURES

On 6 April 2019, the company's parent undertaking, Reaper Holdings Limited transferred its 100% investment in subsidiary undertakings to The Armour Group of Companies Limited in a share for share exchange.

For the year ended 30 November 2023, turnover of £389,933 is in respect of management charges invoiced to wholly owned subsidiary undertakings (2022: £251,525), of which £207,860 was outstanding at the year end and is included in debtors (2022: £117,109).

In November 2020, Reaper Holdings Limited advanced the company a loan of £37,000 and in December 2020 a further £2,500 was advanced. The loan is interest free, unsecured and with no fixed repayment dates. The agreement provides for an initial loan term of ten years but with the option to extend or shorten this if circumstances change. At the year end, the amount outstanding was £39,500 (2022: £39,500) and this is included in creditors due after more than one year.

During 2020, a loan of £82,000 was advanced to subsidiary undertaking Network Armour Limited, in 2021 a further £7,700 was advanced and in 2022 a further £9,170 was advanced. The loan is interest free, unsecured and with no fixed repayment dates. The agreement provides for an initial loan term of ten years but with the option to extend or shorten this if circumstances change. At the year end, the amount outstanding was £96,470 (2022: £96,470) and this is included in debtors due after more than one year.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Reaper Holdings Limited.

The ultimate controlling party is S J Green.