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REGISTERED NUMBER: 04985645 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ARMSTRONGS BISHOP SIMMONS LIMITED

ARMSTRONGS BISHOP SIMMONS LIMITED (REGISTERED NUMBER: 04985645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARMSTRONGS BISHOP SIMMONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mrs J A Biggs
P A Farmer
M Shabbir
Mrs S F Van Ristell





REGISTERED OFFICE: Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA





REGISTERED NUMBER: 04985645 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

ARMSTRONGS BISHOP SIMMONS LIMITED (REGISTERED NUMBER: 04985645)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 72,020 114,916
Tangible assets 5 13,044 16,294
85,064 131,210

CURRENT ASSETS
Stocks 119,219 152,595
Debtors 6 169,121 232,222
Cash at bank and in hand 183,554 108,193
471,894 493,010
CREDITORS
Amounts falling due within one year 7 542,616 569,422
NET CURRENT LIABILITIES (70,722 ) (76,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,342

54,798

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 14,162 54,618
SHAREHOLDERS' FUNDS 14,342 54,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ARMSTRONGS BISHOP SIMMONS LIMITED (REGISTERED NUMBER: 04985645)

BALANCE SHEET - continued
30TH JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:




M Shabbir - Director



Mrs J A Biggs - Director


ARMSTRONGS BISHOP SIMMONS LIMITED (REGISTERED NUMBER: 04985645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Armstrongs Bishop Simmons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ARMSTRONGS BISHOP SIMMONS LIMITED (REGISTERED NUMBER: 04985645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023 464,937
Impairments (10,142 )
At 30th June 2024 454,795
AMORTISATION
At 1st July 2023 350,021
Amortisation for year 32,754
At 30th June 2024 382,775
NET BOOK VALUE
At 30th June 2024 72,020
At 30th June 2023 114,916

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023 29,451 51,138 80,589
Additions 1,879 548 2,427
At 30th June 2024 31,330 51,686 83,016
DEPRECIATION
At 1st July 2023 24,569 39,726 64,295
Charge for year 1,690 3,987 5,677
At 30th June 2024 26,259 43,713 69,972
NET BOOK VALUE
At 30th June 2024 5,071 7,973 13,044
At 30th June 2023 4,882 11,412 16,294

ARMSTRONGS BISHOP SIMMONS LIMITED (REGISTERED NUMBER: 04985645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,771 218,134
Other debtors 10,350 14,088
169,121 232,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,944 9,968
Amounts owed to group undertakings 356,613 358,274
Taxation and social security 121,037 113,865
Other creditors 60,022 87,315
542,616 569,422