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REGISTERED NUMBER: 04988993 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ARMSTRONGS ACCOUNTANCY LTD

ARMSTRONGS ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)






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 ACCOUNTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







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





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 04988993 (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 ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 181,108 226,386
Tangible assets 5 40,489 46,394
Investments 6 149,747 149,747
371,344 422,527

CURRENT ASSETS
Work in progress 211,464 197,340
Debtors 7 1,297,254 1,068,323
Cash at bank and in hand 217,275 116,916
1,725,993 1,382,579
CREDITORS
Amounts falling due within one year 8 306,511 221,569
NET CURRENT ASSETS 1,419,482 1,161,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,790,826

1,583,537

CREDITORS
Amounts falling due after more than one
year

9

403,338

517,741
NET ASSETS 1,387,488 1,065,796

CAPITAL AND RESERVES
Called up share capital 11 225,344 225,344
Retained earnings 1,162,144 840,452
SHAREHOLDERS' FUNDS 1,387,488 1,065,796

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 ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)

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 28th March 2025 and were signed on its behalf by:




P A Farmer - Director



Mrs S F Van Ristell - Director


ARMSTRONGS ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)

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

1. STATUTORY INFORMATION

Armstrongs Accountancy Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Armstrongs Accountancy Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2004, is being amortised evenly over its estimated useful life of twenty 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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expense.

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.


ARMSTRONGS ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)

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

2. ACCOUNTING POLICIES - continued
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.

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 30 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 226,386
AMORTISATION
Charge for year 45,278
At 30th June 2024 45,278
NET BOOK VALUE
At 30th June 2024 181,108
At 30th June 2023 226,386

ARMSTRONGS ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023 54,651 136,308 190,959
Additions 4,669 6,616 11,285
At 30th June 2024 59,320 142,924 202,244
DEPRECIATION
At 1st July 2023 39,122 105,443 144,565
Charge for year 4,821 12,369 17,190
At 30th June 2024 43,943 117,812 161,755
NET BOOK VALUE
At 30th June 2024 15,377 25,112 40,489
At 30th June 2023 15,529 30,865 46,394

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2023
and 30th June 2024 149,747
NET BOOK VALUE
At 30th June 2024 149,747
At 30th June 2023 149,747

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 385,111 305,687
Amounts owed by group undertakings 709,700 721,060
Other debtors 202,443 41,576
1,297,254 1,068,323

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,835 37,685
Taxation and social security 272,816 160,802
Other creditors 4,860 23,082
306,511 221,569

ARMSTRONGS ACCOUNTANCY LTD (REGISTERED NUMBER: 04988993)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 241,380 355,784
Other creditors 161,958 161,957
403,338 517,741

10. SECURED DEBTS

Lloyds TSB Bank Plc holds a debenture charge dated 28th January 2009 on the present and future assets of the Company in respect of all the monies owed to the bank.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Professional £1 600 600
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
224,444 Ordinary X £1 224,444 224,444
225,344 225,344

12. RELATED PARTY DISCLOSURES

During the year company paid rent for the premises at Mercia Village of £20,800 to Troika Ventures Limited which is controlled by Mr P Farmer and Mr M Shabbir who are also directors of the company.