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Company Registration No. 12576682 (England and Wales)
Armada Technologies Limited Unaudited accounts for the year ended 31 December 2024
Armada Technologies Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
39,478 
41,999 
Tangible assets
264 
- 
39,742 
41,999 
Current assets
Inventories
1,158,610 
529,829 
Debtors
493,219 
9,976 
Cash at bank and in hand
243,488 
62,713 
1,895,317 
602,518 
Creditors: amounts falling due within one year
(1,501,436)
(674,244)
Net current assets/(liabilities)
393,881 
(71,726)
Net assets/(liabilities)
433,623 
(29,727)
Capital and reserves
Called up share capital
1,967 
1,334 
Share premium
3,056,115 
531,528 
Profit and loss account
(2,624,459)
(562,589)
Shareholders' funds
433,623 
(29,727)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Roger Armson Director Company Registration No. 12576682
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Armada Technologies Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Armada Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 12576682. The registered office is Rodney Chambers, 40 Rodney Street, Liverpool, Merseyside, L1 9AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors believe that Armada Technologies Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its 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. Turnover from the rendering of engineering design services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
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Armada Technologies Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
45,916 
Additions
7,672 
At 31 December 2024
53,588 
Amortisation
At 1 January 2024
3,917 
Charge for the year
10,193 
At 31 December 2024
14,110 
Net book value
At 31 December 2024
39,478 
At 31 December 2023
41,999 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
- 
Additions
283 
At 31 December 2024
283 
Depreciation
Charge for the year
19 
At 31 December 2024
19 
Net book value
At 31 December 2024
264 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
1,158,610 
529,829 
1,158,610 
529,829 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,217 
9,976 
Trade debtors
486,002 
- 
493,219 
9,976 
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Armada Technologies Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
12,397 
20,033 
Other creditors
4,855 
623,638 
Accruals
64,046 
30,573 
Deferred income
1,420,138 
- 
1,501,436 
674,244 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,385,439 Ordinary shares of £0.001 each
1,385.43 
1,334.45 
582,414 Preference shares of £0.001 each
582.41 
- 
1,967.84 
1,334.45 
Shares issued during the period:
50,985 Ordinary shares of £0.001 each
50.98 
582,414 Preference shares of £0.001 each
582.41 
633.39 
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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