Armor Electrical Limited 08187181 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is electrical installation services. Digita Accounts Production Advanced 6.30.9574.0 true 08187181 2023-09-01 2024-08-31 08187181 2024-08-31 08187181 bus:Director1 1 2024-08-31 08187181 bus:Director2 1 2024-08-31 08187181 bus:OrdinaryShareClass1 2024-08-31 08187181 core:CurrentFinancialInstruments 2024-08-31 08187181 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08187181 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 08187181 core:FurnitureFittingsToolsEquipment 2024-08-31 08187181 core:LandBuildings 2024-08-31 08187181 core:MotorVehicles 2024-08-31 08187181 core:OtherPropertyPlantEquipment 2024-08-31 08187181 bus:SmallEntities 2023-09-01 2024-08-31 08187181 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08187181 bus:FullAccounts 2023-09-01 2024-08-31 08187181 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08187181 bus:RegisteredOffice 2023-09-01 2024-08-31 08187181 bus:Director1 2023-09-01 2024-08-31 08187181 bus:Director1 1 2023-09-01 2024-08-31 08187181 bus:Director2 2023-09-01 2024-08-31 08187181 bus:Director2 1 2023-09-01 2024-08-31 08187181 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08187181 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08187181 core:FurnitureFittings 2023-09-01 2024-08-31 08187181 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 08187181 core:LandBuildings 2023-09-01 2024-08-31 08187181 core:MotorVehicles 2023-09-01 2024-08-31 08187181 core:OfficeEquipment 2023-09-01 2024-08-31 08187181 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 08187181 core:PlantMachinery 2023-09-01 2024-08-31 08187181 core:KeyManagementPersonnel 2023-09-01 2024-08-31 08187181 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-01 2024-08-31 08187181 countries:EnglandWales 2023-09-01 2024-08-31 08187181 2023-08-31 08187181 bus:Director1 1 2023-08-31 08187181 bus:Director2 1 2023-08-31 08187181 core:FurnitureFittingsToolsEquipment 2023-08-31 08187181 core:LandBuildings 2023-08-31 08187181 core:MotorVehicles 2023-08-31 08187181 core:OtherPropertyPlantEquipment 2023-08-31 08187181 2022-09-01 2023-08-31 08187181 2023-08-31 08187181 bus:Director1 1 2023-08-31 08187181 bus:Director2 1 2023-08-31 08187181 bus:OrdinaryShareClass1 2023-08-31 08187181 core:CurrentFinancialInstruments 2023-08-31 08187181 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08187181 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 08187181 core:FurnitureFittingsToolsEquipment 2023-08-31 08187181 core:LandBuildings 2023-08-31 08187181 core:MotorVehicles 2023-08-31 08187181 core:OtherPropertyPlantEquipment 2023-08-31 08187181 bus:Director1 1 2022-09-01 2023-08-31 08187181 bus:Director2 1 2022-09-01 2023-08-31 08187181 bus:Director1 1 2022-08-31 08187181 bus:Director2 1 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08187181

Armor Electrical Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Armor Electrical Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Armor Electrical Limited

Company Information

Directors

Mr Mark Barker

Mr David Goudge

Registered office

Woodbine Farm Bus Centre
Truro Business Park
Truro
Cornwall
TR3 6BW

Accountants

Martin Fisher & Co Ltd
Chartered Certified Accountants
Woodbine Farm Bus Centre
Truro Business Park
Truro
Cornwall
TR3 6BW

 

Armor Electrical Limited

(Registration number: 08187181)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

77,149

89,388

Current assets

 

Stocks

5

2,000

3,000

Debtors

6

134,122

148,845

Cash at bank and in hand

 

10,911

44,164

 

147,033

196,009

Creditors: Amounts falling due within one year

7

(146,908)

(158,843)

Net current assets

 

125

37,166

Total assets less current liabilities

 

77,274

126,554

Creditors: Amounts falling due after more than one year

7

(19,396)

(27,534)

Net assets

 

57,878

99,020

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

57,876

99,018

Shareholders' funds

 

57,878

99,020

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 April 2025 and signed on its behalf by:
 

 

Armor Electrical Limited

(Registration number: 08187181)
Balance Sheet as at 31 August 2024

.........................................
Mr Mark Barker
Director

.........................................
Mr David Goudge
Director

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Woodbine Farm Bus Centre
Truro Business Park
Truro
Cornwall
TR3 6BW

These financial statements were authorised for issue by the Board on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

15% reducing balance

Office equipment

15% reducing balance

Motor vehicles

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 13).

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

13,264

14,944

111,112

11,418

150,738

Additions

-

614

-

763

1,377

At 31 August 2024

13,264

15,558

111,112

12,181

152,115

Depreciation

At 1 September 2023

2,746

7,713

45,646

5,245

61,350

Charge for the year

1,578

1,177

9,820

1,041

13,616

At 31 August 2024

4,324

8,890

55,466

6,286

74,966

Carrying amount

At 31 August 2024

8,940

6,668

55,646

5,895

77,149

At 31 August 2023

10,518

7,231

65,466

6,173

89,388

5

Stocks

2024
£

2023
£

Other inventories

2,000

3,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

114,934

98,201

Other debtors

19,188

50,644

 

134,122

148,845

7

Creditors

Creditors: amounts falling due within one year

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8,801

12,912

Trade creditors

 

73,376

76,624

Taxation and social security

 

29,449

23,529

Accruals and deferred income

 

1,023

1,023

Other creditors

 

34,259

44,755

 

146,908

158,843

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

19,396

27,534

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

9

Related party transactions

Key management personnel

Mr M Barker (director) and Mr D Goudge (director).

Summary of transactions with key management

Director's loan accounts.
 Interest free and repayable on demand of the Company. At the balance sheet date the amount due from the directors were: Mr M Barker £9,674 (2023: £9,043) and Mr D Goudge -£1,350 (2023: £9,043).
 

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Mr Mark Barker

Director's loan account

9,042

9,674

(9,042)

9,674

         
       

Mr David Goudge

Director's loan account

9,042

-

(9,042)

-

         
       

 

 

Armor Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Mr Mark Barker

Director's loan account

15,834

19,708

(26,500)

9,042

         
       

Mr David Goudge

Director's loan account

15,834

19,708

(26,500)

9,042