Company registration number 04722914 (England and Wales)
D & D ARMSTRONG LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
D & D ARMSTRONG LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
D & D ARMSTRONG LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF D & D ARMSTRONG LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D & D Armstrong Limited for the year ended 30 September 2024 set out on pages 2 to 9 from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the board of directors of D & D Armstrong Limited, as a body, in accordance with the terms of our engagement letter dated 15 June 2021. Our work has been undertaken solely to prepare for your approval the financial statements of D & D Armstrong Limited and state those matters that we have agreed to state to the board of directors of D & D Armstrong Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & D Armstrong Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that D & D Armstrong Limited 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 loss of D & D Armstrong Limited. You consider that D & D Armstrong Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D & D Armstrong Limited. 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.

Azets
27 June 2025
Bulman House
Regent Centre
Gosforth
Newcastle upon Tyne
NE3 3LS
D & D ARMSTRONG LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
5,895
6,583
Tangible assets
4
2,921,451
3,341,870
Investments
5
122,084
124,482
3,049,430
3,472,935
Current assets
Stocks
3,081
9,919
Debtors
6
1,199,800
815,461
Cash at bank and in hand
517,157
511,584
1,720,038
1,336,964
Creditors: amounts falling due within one year
7
(663,907)
(401,613)
Net current assets
1,056,131
935,351
Total assets less current liabilities
4,105,561
4,408,286
Creditors: amounts falling due after more than one year
8
(37,435)
-
0
Provisions for liabilities
(414,235)
(532,472)
Net assets
3,653,891
3,875,814
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,653,791
3,875,714
Total equity
3,653,891
3,875,814

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

D & D ARMSTRONG LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
Mr D Armstrong
Director
Company Registration No. 04722914
D & D ARMSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information

D & D Armstrong Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Stables, Bebside, Blyth, Northumberland, United Kingdom, NE24 4JW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Other Intangibles
5% Straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings
2% straight line
Boats and equipment
Between 5 and 15 years straight line
Fixtures and fittings
25% straight line
Other equipment
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

D & D ARMSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

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

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

D & D ARMSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
15
16
3
Intangible fixed assets
Other
£
Cost
At 1 October 2023 and 30 September 2024
13,772
Amortisation and impairment
At 1 October 2023
7,189
Amortisation charged for the year
688
At 30 September 2024
7,877
Carrying amount
At 30 September 2024
5,895
At 30 September 2023
6,583
D & D ARMSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
4
Tangible fixed assets
Buildings
Assets under construction
Boats and equipment
Fixtures and fittings
Other equipment
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 October 2023
476,232
599,514
6,432,177
86,694
213,336
324,954
8,132,907
Additions
599,514
-
0
163,005
10,119
-
0
105,415
878,053
Disposals
-
0
-
0
(275,000)
-
0
-
0
(95,327)
(370,327)
Transfers
-
0
(599,514)
-
0
-
0
-
0
-
0
(599,514)
At 30 September 2024
1,075,746
-
0
6,320,182
96,813
213,336
335,042
8,041,119
Depreciation and impairment
At 1 October 2023
81,299
-
0
4,236,991
62,403
145,503
264,841
4,791,037
Depreciation charged in the year
19,887
-
0
364,287
12,263
19,289
39,399
455,125
Eliminated in respect of disposals
-
0
-
0
(54,999)
-
0
-
0
(71,495)
(126,494)
At 30 September 2024
101,186
-
0
4,546,279
74,666
164,792
232,745
5,119,668
Carrying amount
At 30 September 2024
974,560
-
0
1,773,903
22,147
48,544
102,297
2,921,451
At 30 September 2023
394,933
599,514
2,195,186
24,291
67,833
60,113
3,341,870
D & D ARMSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 8 -
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
122,084
124,482
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 October 2023
124,482
Additions
57,000
Valuation changes
(30,648)
Disposals
(28,750)
At 30 September 2024
122,084
Carrying amount
At 30 September 2024
122,084
At 30 September 2023
124,482
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
832,732
537,327
Corporation tax recoverable
19,129
-
0
Other debtors
347,939
278,134
1,199,800
815,461

Included in other debtors is an overdrawn directors loan account of £170,854 (2023: £176,678).

7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
365,399
213,020
Corporation tax
247,732
92,134
Other taxation and social security
9,748
10,249
Other creditors
41,028
86,210
663,907
401,613
D & D ARMSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 9 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
37,435
-
0
9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director Loan
2.25
176,678
183,622
2,256
(191,701)
170,855
176,678
183,622
2,256
(191,701)
170,855
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