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
Intangible assets
39,478
41,999
Inventories
1,158,610
529,829
Cash at bank and in hand
243,488
62,713
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)
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
Armada Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Armada Technologies Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
53,588
Charge for the year
10,193
At 31 December 2024
14,110
At 31 December 2024
39,478
At 31 December 2023
41,999
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Tangible fixed assets
Computer equipment
Finished goods
1,158,610
529,829
Amounts falling due within one year
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
Deferred income
1,420,138
-
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
-
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
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Average number of employees
During the year the average number of employees was 3 (2023: 3).