1 November 2023 false No description of principal activity Taxfiler 2024.6 10437262business:PrivateLimitedCompanyLtd2023-11-012024-10-31 104372622023-10-31 104372622023-11-012024-10-31 10437262business:AuditExemptWithAccountantsReport2023-11-012024-10-31 10437262business:FilletedAccounts2023-11-012024-10-31 104372622024-10-31 10437262business:Director12023-11-012024-10-31 10437262business:RegisteredOffice2023-11-012024-10-31 104372622023-10-31 10437262core:WithinOneYear2024-10-31 10437262core:WithinOneYear2023-10-31 10437262core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 10437262core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 10437262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 10437262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 10437262core:PreviouslyStatedAmount2024-10-31 10437262core:PreviouslyStatedAmount2023-10-31 10437262business:SmallEntities2023-11-012024-10-31 10437262countries:EnglandWales2023-11-012024-10-31 10437262core:PlantMachinery2023-11-012024-10-31 10437262core:MotorVehicles2023-11-012024-10-31 10437262core:FurnitureFittings2023-11-012024-10-31 10437262core:Goodwill2023-10-31 10437262core:Goodwill2024-10-31 10437262core:Goodwill2023-11-012024-10-31 10437262core:MotorVehicles2023-10-31 10437262core:FurnitureFittings2023-10-31 10437262core:MotorVehicles2024-10-31 10437262core:FurnitureFittings2024-10-31 10437262core:AfterOneYear2024-10-31 10437262core:AfterOneYear2023-10-31 10437262business:OrdinaryShareClass12023-11-012024-10-31 10437262business:OrdinaryShareClass12022-11-012023-10-31 104372622022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10437262 (England and Wales)
Armstrong Partridge Limited Unaudited accounts for the year ended 31 October 2024
Armstrong Partridge Limited Unaudited accounts Contents
Page
- 2 -
Armstrong Partridge Limited Company Information for the year ended 31 October 2024
Director
Mr James Armstrong
Company Number
10437262 (England and Wales)
Registered Office
Agriculture House High Street Stockbridge Hampshire SO20 6HF
Accountants
Cass Walsh Accountancy 13 Radnor Road Salisbury Wiltshire SP1 3PL
- 3 -
Accountants' report on the preparation of the unaudited statutory statements of Armstrong Partridge Limited (The Company) for the year ended 31 October 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 October 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated 2 February 2020. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 31 October 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Cass Walsh Accountancy Financial Accountants 13 Radnor Road Salisbury Wiltshire SP1 3PL 17 February 2025
- 4 -
Armstrong Partridge Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
40,000 
60,000 
Tangible assets
37,434 
50,267 
Investment property
582,733 
582,733 
660,167 
693,000 
Current assets
Debtors
98,979 
166,144 
Cash at bank and in hand
762,519 
568,988 
861,498 
735,132 
Creditors: amounts falling due within one year
(567,212)
(219,248)
Net current assets
294,286 
515,884 
Total assets less current liabilities
954,453 
1,208,884 
Provisions for liabilities
Deferred tax
(9,359)
(12,478)
Net assets
945,094 
1,196,406 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
944,994 
1,196,306 
Shareholders' funds
945,094 
1,196,406 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 24 February 2025 and were signed on its behalf by
Mr James Armstrong Director Company Registration No. 10437262
- 5 -
Armstrong Partridge Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Armstrong Partridge Limited is a private company, limited by shares, registered in England and Wales, registration number 10437262. The registered office is Agriculture House, High Street, Stockbridge, Hampshire, SO20 6HF.
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.
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 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:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
- 6 -
Armstrong Partridge Limited Notes to the Accounts for the year ended 31 October 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
200,000 
At 31 October 2024
200,000 
Amortisation
At 1 November 2023
140,000 
Charge for the year
20,000 
At 31 October 2024
160,000 
Net book value
At 31 October 2024
40,000 
At 31 October 2023
60,000 
- 7 -
Armstrong Partridge Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
62,390 
11,620 
74,010 
At 31 October 2024
62,390 
11,620 
74,010 
Depreciation
At 1 November 2023
12,478 
11,265 
23,743 
Charge for the year
12,478 
355 
12,833 
At 31 October 2024
24,956 
11,620 
36,576 
Net book value
At 31 October 2024
37,434 
- 
37,434 
At 31 October 2023
49,912 
355 
50,267 
6
Investment property
2024 
£ 
Fair value at 1 November 2023
582,733 
At 31 October 2024
582,733 
Investment property was purchased in May 2023 and has been valued at the purchase price.
No raw materials, work in progress or finished goods were help at the year end
8
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
71,359 
36,024 
Accrued income and prepayments
5,620 
5,120 
Other debtors
22,000 
- 
98,979 
41,144 
Amounts falling due after more than one year
Other debtors
- 
125,000 
9
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
21,659 
18,117 
Trade creditors
5,468 
3,476 
Taxes and social security
88,085 
59,949 
Other creditors
- 
506 
Loans from directors
450,500 
135,700 
Accruals
1,500 
1,500 
567,212 
219,248 
- 8 -
Armstrong Partridge Limited Notes to the Accounts for the year ended 31 October 2024
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Pension commitments
The company operates a workplace pension scheme for its employees
12
Contingent liabilities
There are no contingent liabilities
13
Average number of employees
During the year the average number of employees was 5 (2023: 6).
- 9 -