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ARMORTEK LIMITED

Registered Number
06084164
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

ARMORTEK LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

DE WAAL, Monique
SHROFF, Kian

Registered Address

C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
SO53 3TL

Registered Number

06084164 (England and Wales)
ARMORTEK LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets357,50069,000
Tangible assets433,09252,245
90,592121,245
Current assets
Stocks5151,000157,000
Debtors635,95554,330
Cash at bank and on hand359,520316,575
546,475527,905
Creditors amounts falling due within one year7(113,033)(118,717)
Net current assets (liabilities)433,442409,188
Total assets less current liabilities524,034530,433
Creditors amounts falling due after one year8(42,537)(75,201)
Net assets481,497455,232
Capital and reserves
Called up share capital22
Profit and loss account481,495455,230
Shareholders' funds481,497455,232
The financial statements were approved and authorised for issue by the Board of Directors on 11 February 2025, and are signed on its behalf by:
SHROFF, Kian
Director
Registered Company No. 06084164
ARMORTEK LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Vehicles5
Office Equipment4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 June 2369,00069,000
Revaluations(11,500)(11,500)
At 31 May 2457,50057,500
Net book value
At 31 May 2457,50057,500
At 31 May 2369,00069,000
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 June 23505,450101,0191,218882608,569
At 31 May 24505,450101,0191,218882608,569
Depreciation and impairment
At 01 June 23505,45049,1471,218509556,324
Charge for year-18,933-22019,153
At 31 May 24505,45068,0801,218729575,477
Net book value
At 31 May 24-32,939-15333,092
At 31 May 23-51,872-37352,245
5.Stocks

2024

2023

££
Raw materials and consumables151,000157,000
Total151,000157,000
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables28,88030,930
Other debtors6,07916,357
Prepayments and accrued income9967,043
Total35,95554,330
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables36,56140,214
Bank borrowings and overdrafts10,00012,253
Amounts owed to related parties1,050390
Taxation and social security51,66633,950
Finance lease and HP contracts4,27010,653
Other creditors1,3801,520
Accrued liabilities and deferred income8,10619,737
Total113,033118,717
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,83320,833
Other creditors31,70454,368
Total42,53775,201
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts31,70454,368
10.Related party transactions
£1,050.21 is owed to Ankibokimo Ltd as at 31st May 2024