REGISTERED NUMBER: 00313435 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

W.J.Armstrong Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Armstrong

P M Armstrong

N A Armstrong

SECRETARY:

A Armstrong

REGISTERED OFFICE:

12 London Road

East Grinstead

West Sussex

RH19 1AG

REGISTERED NUMBER:

00313435 (England and Wales)

ACCOUNTANTS:

M N Jenks & Co Limited

72 Commercial Road

Paddock Wood

Tonbridge

Kent

TN12 6DP

FIXED ASSETS

Tangible assets

4

517,604

521,823

CURRENT ASSETS

Stocks

5

286,636

319,995

Debtors

6

127,958

131,155

Cash at bank and in hand

806

3,444

415,400

454,594

CREDITORS

Amounts falling due within one year

7

195,582

246,468

NET CURRENT ASSETS

219,818

208,126

TOTAL ASSETS LESS CURRENT LIABILITIES

737,422

729,949

CREDITORS

Amounts falling due after more than one year

8

(198,832

)

(198,832

)

PROVISIONS FOR LIABILITIES

11

(100,134

)

(100,134

)

NET ASSETS

438,456

430,983

CAPITAL AND RESERVES

Called up share capital

12

26,000

26,000

Property revaluation reserve

332,282

332,282

Retained earnings

80,174

72,701

SHAREHOLDERS' FUNDS

438,456

430,983

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

M Armstrong - Director

1.	STATUTORY INFORMATION

W.J.Armstrong 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern Basis of Accounting

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances outlined in Note 15 to the accounts.

Turnover

Turnover represents net invoiced sales of goods, excluding VAT and is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated to write off the cost or valuation, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. The annual depreciation rates and methods are as follows:

Equipment, Fixtures and Fittings - 15% to 25% on reducing instalments basis

Motor Vehicles - 25% on reducing instalments basis

Freehold Land (acquired July 2015) is not depreciated. Freehold Property has not been depreciated or subject to impairment, as the Directors consider that its open market value at the balance sheet date is not materially different from the valuation carried out by the Directors as at 1 February 2015, being the transition date for the implementation of FRS 102.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Deferred tax represents the future tax consequences of transactions and events in the accounts of current and previous periods in respect of all timing differences. Timing differences are differences between taxable profits and total profits as stated in the accounts that arise from the inclusion of income and expenses in tax computations in periods different from those in which they are recognised in the accounts. Deferred tax is measured using the tax rates that are expected to apply to the reversal of timing differences. Deferred tax on revalued tangible assets is measured using the rates and allowances that are likely to apply to the sale of the asset.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Pension costs

Contributions in respect of the Company's defined contribution scheme are charged to the profit and loss account for the year in which they are payable to the scheme.

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 administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

Freehold

fixtures

Land and

and

Motor

Property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

501,087

40,323

20,977

562,387

Additions

-

758

-

758

At 31 January 2025

501,087

41,081

20,977

563,145

DEPRECIATION

At 1 February 2024

-

36,631

3,933

40,564

Charge for year

-

716

4,261

4,977

At 31 January 2025

-

37,347

8,194

45,541

NET BOOK VALUE

At 31 January 2025

501,087

3,734

12,783

517,604

At 31 January 2024

501,087

3,692

17,044

521,823

At the date of transition to FRS 102 (1 February 2015), the Company has elected for its freehold property to be measured at its fair value and for that fair value to be used as the deemed cost of the asset going forward. The valuation of the freehold property was carried out by the Directors.

5.

STOCKS

31.1.25

31.1.24

£

£

Goods for re-sale

286,636

319,995

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

116,954

126,562

Other debtors

11,004

4,593

127,958

131,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

28,098

-

Other loans

4,000

4,000

Trade creditors

95,463

163,627

Corporation tax

1,140

1,140

Social security and other taxes

4,957

5,519

VAT

23,789

19,568

Other creditors

6,079

4,558

Directors' loan accounts

32,056

48,056

195,582

246,468

Directors' loans comprise £32,056 (2024 - £48,056) owed to M Armstrong Esq and N Armstrong Esq who are also shareholders in the Company. The loans are unsecured and interest free.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Unsecured loans advanced

[see Note (i) & (ii)]

198,832

198,832

198,832

198,832

Unsecured loans advanced comprise the following:

(i) Unsecured loans advanced £4,000 (2024: £4,000) by M Armstrong, Director and without any fixed date for partial or full repayment at an annual interest rate entitlement, although this is not currently being paid, of 8%, but no repayment before 31 January 2027.

(ii) Unsecured interest free loans advanced £194,832 (2024: £194,832) by M Armstrong, Director and N Armstrong, Director without any fixed date for partial or full repayment, but no repayment before 31 January 2027.

M Armstrong Esq and N Armstrong Esq are also shareholders in the Company.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

8,639

8,639

Between one and five years

20,878

29,518

29,517

38,157

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank overdraft

28,098

-

11.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

100,134

100,134

Deferred

tax

£

Balance at 1 February 2024

100,134

Balance at 31 January 2025

100,134

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

26,000

Ordinary

£1

26,000

26,000

13.	PENSION COMMITMENTS

The Company has made payments of £4,886 (2024 - £4,469) into defined contribution pension schemes, on behalf of two of its Directors and employees, during the year. The assets of the schemes are held separately from those of the Company in independently administered funds. The Company's liability is limited to the amount of the contributions payable.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is M Armstrong.

15.	FUTURE TRADING AND THE CURRENT ECONOMIC ENVIRONMENT

Since the year end the Company’s sales have held up reasonably well and the Company is operating well within its overdraft facility. The Company is paying its suppliers in accordance with terms. At the same time the Directors are committed to providing financial support to the Company as is evidenced by these financial statements and will not seek repayment of amounts due to them as at the year end date until the Company's financial position allows. As a result, the Directors are not aware of any reason why the bank overdraft facilities or similar facilities will not continue and accordingly they have adopted the going concern basis of accounting.