Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08692138 2023-10-01 2024-09-30 08692138 2022-10-01 2023-09-30 08692138 2024-09-30 08692138 2023-09-30 08692138 c:Director1 2023-10-01 2024-09-30 08692138 d:CurrentFinancialInstruments 2024-09-30 08692138 d:CurrentFinancialInstruments 2023-09-30 08692138 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08692138 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08692138 d:ShareCapital 2024-09-30 08692138 d:ShareCapital 2023-09-30 08692138 d:RetainedEarningsAccumulatedLosses 2024-09-30 08692138 d:RetainedEarningsAccumulatedLosses 2023-09-30 08692138 c:OrdinaryShareClass1 2023-10-01 2024-09-30 08692138 c:OrdinaryShareClass1 2024-09-30 08692138 c:OrdinaryShareClass2 2023-10-01 2024-09-30 08692138 c:OrdinaryShareClass2 2024-09-30 08692138 c:FRS102 2023-10-01 2024-09-30 08692138 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08692138 c:FullAccounts 2023-10-01 2024-09-30 08692138 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08692138 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 08692138 2 2023-10-01 2024-09-30 08692138 6 2023-10-01 2024-09-30 08692138 3 2024-09-30 08692138 3 2023-09-30 08692138 f:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08692138









ARMACON LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ARMACON LIMITED
REGISTERED NUMBER: 08692138

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
6,125
6,365

Current assets
  

Debtors: amounts falling due within one year
 5 
197,729
206,403

Cash at bank
  
73,038
80,887

  
270,767
287,290

Creditors: amounts falling due within one year
 6 
(83,156)
(141,345)

Net current assets
  
 
 
187,611
 
 
145,945

Total assets less current liabilities
  
193,736
152,310

  

Net assets
  
193,736
152,310


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
193,636
152,210

  
193,736
152,310


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Mr A E Ward
Director

Date: 26 June 2025


The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
ARMACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Armacon Limited is a private company, limited by shares, incorporated in England and Wales. The address of its registered office is The Tapestry Building, 51-52 Frith Street, London, W1D 4SH.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the Company in respect of amounts recoverable on contracts exclusive of Value Added Tax and trade discounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
ARMACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

 

Page 3

 
ARMACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
ARMACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Other fixed asset investments

£



Cost


At 1 October 2023
231,365


Disposals
(240)



At 30 September 2024

231,125



Impairment


At 1 October 2023
225,000



At 30 September 2024

225,000



Net book value



At 30 September 2024
6,125



At 30 September 2023
6,365

Page 5

 
ARMACON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
6,000

Other debtors
169,532
172,656

Amounts recoverable on contracts
28,197
27,747

197,729
206,403



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
236
384

Corporation tax
9,920
693

Other taxation and social security
2,395
3,866

Other creditors
68,555
132,554

Accruals and deferred income
2,050
3,848

83,156
141,345



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



40 Ordinary 'A' shares of £1.00 each
40
40
60 Ordinary 'B' shares of £1.00 each
60
60

100

100



8.


Related party transactions

During the year the company had an interest free loan of £68,555 (2023 - £99,555) from a close family member of the director. The balance due to the director at 30 September 2024 was  £nil (2023  £33,000).


Page 6