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
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
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
Armstrong Partridge Limited
Statement of financial position
as at 31 October 2024
Intangible assets
40,000
60,000
Tangible assets
37,434
50,267
Investment property
582,733
582,733
Cash at bank and in hand
762,519
568,988
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
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
Armstrong Partridge Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Armstrong Partridge Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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
At 1 November 2023
200,000
At 31 October 2024
200,000
At 1 November 2023
140,000
Charge for the year
20,000
At 31 October 2024
160,000
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
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
At 31 October 2024
37,434
-
37,434
At 31 October 2023
49,912
355
50,267
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
Amounts falling due within one year
Trade debtors
71,359
36,024
Accrued income and prepayments
5,620
5,120
Amounts falling due after more than one year
9
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,468
3,476
Taxes and social security
88,085
59,949
Loans from directors
450,500
135,700
Armstrong Partridge Limited
Notes to the Accounts
for the year ended 31 October 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a workplace pension scheme for its employees
There are no contingent liabilities
13
Average number of employees
During the year the average number of employees was 5 (2023: 6).