Company Registration No. 03182781 (England and Wales)
Armchair Armoury Limited
Unaudited accounts
for the year ended 30 April 2024
Armchair Armoury Limited
Unaudited accounts
Contents
Armchair Armoury Limited
Company Information
for the year ended 30 April 2024
Directors
WARNER, Andrea Fay
KAZMIERCZAK, Matthew John
Company Number
03182781 (England and Wales)
Registered Office
Unit 4 Fontigarry Farm Business Centre
Reigate Road
Sidlow Nr Reigate
RH2 8QH
Accountants
Nicola Grobety (MAAT)
Longwood Business Support Ltd
16 Longwood View
Crawley
West Sussex
RH10 6PB
Armchair Armoury Limited
Statement of financial position
as at 30 April 2024
Tangible assets
2,630
8,545
Cash at bank and in hand
15,206
19,635
Creditors: amounts falling due within one year
(19,425)
(16,786)
Net current assets
2,678
9,716
Total assets less current liabilities
5,308
18,261
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
4,983
18,259
Shareholders' funds
4,985
18,261
For the year ending 30 April 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 18 February 2025 and were signed on its behalf by
KAZMIERCZAK, Matthew John
Director
Company Registration No. 03182781
Armchair Armoury Limited
Notes to the Accounts
for the year ended 30 April 2024
Armchair Armoury Limited is a private company, limited by shares, registered in England and Wales, registration number 03182781. The registered office is Unit 4 Fontigarry Farm Business Centre, Reigate Road, Sidlow Nr Reigate, RH2 8QH.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of 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.
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:
Motor vehicles
25% Reducing Balance
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.
Deferred tax 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 tax 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 on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Armchair Armoury Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
6,093
5,281
5,374
16,748
At 30 April 2024
6,093
5,281
5,374
16,748
At 1 May 2023
6,066
1,815
322
8,203
Charge for the year
27
2,536
3,352
5,915
At 30 April 2024
6,093
4,351
3,674
14,118
At 30 April 2024
-
930
1,700
2,630
At 30 April 2023
27
3,466
5,052
8,545
Amounts falling due within one year
Accrued income and prepayments
330
300
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
2,675
Loans from directors
18,975
13,861
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).