Armstrong Foulkes LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC385318 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Armstrong Foulkes LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

R H Armstrong

Mrs J Davies

Mrs A Holt

Miss K J Watson

REGISTERED OFFICE:

Cleveland Business Centre

Watson Street

Middlesbrough

TS1 2RQ

REGISTERED NUMBER:

OC385318 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

6,152

12,641

6,152

12,641

CURRENT ASSETS

Debtors

6

363,466

391,979

Cash at bank and in hand

624,860

762,479

988,326

1,154,458

CREDITORS

Amounts falling due within one year

7

90,839

72,464

NET CURRENT ASSETS

897,487

1,081,994

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

903,639

1,094,635

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

903,639

1,094,635

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

903,639

1,094,635

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 June 2026 and were signed by:

R H Armstrong - Designated member

1.	STATUTORY INFORMATION

Armstrong Foulkes LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is £ sterling rounded to the nearest £.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes, adjusted for opening and closing amounts recoverable on contracts.

Revenue is recognised in accordance with FRS 102. Income is recognised when the LLP has performed the services for it's clients, and has obtained the right to consideration for those services.

Goodwill

Goodwill capitalised has arisen from the retirement of a former partner amortised on a straight line basis over its useful economic life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

over the period of the lease

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts

Amounts recoverable on contracts is calculated based on an assessment of the fair value of the services provided at the Balance Sheet date that have yet to be billed.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

150,000

AMORTISATION

At 1 April 2025

and 31 March 2026

150,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 April 2025

6,649

9,113

76,718

92,480

Additions

-

2,213

Disposals

-

(2

)

(2,620

)

(2,622

)

At 31 March 2026

6,649

9,111

76,311

92,071

DEPRECIATION

At 1 April 2025

6,642

9,037

64,160

79,839

Charge for year

-

38

8,661

8,699

Eliminated on disposal

-

(2,619

)

(2,619

)

At 31 March 2026

6,642

9,075

70,202

85,919

NET BOOK VALUE

At 31 March 2026

7

36

6,109

6,152

At 31 March 2025

7

76

12,558

12,641

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

246,321

268,363

Amounts recoverable on

contracts

58,466

70,359

Prepayments

58,679

53,257

363,466

391,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

3,848

643

Social security and other taxes

1,295

1,983

VAT

74,281

53,838

Accrued expenses

11,415

16,000

90,839

72,464

8.	LEASING AGREEMENTS

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

2026

2025

£

Within one year

1,140

Between one and five years

2,564

3,704

4,844

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

Amounts owed to members in respect of profits

903,639

1,094,635

Falling due within one year

903,639

1,094,635

Loans and other debts due to members rank after all unsecured creditors in the event of a winding up. No legally enforceable protection is afforded to any creditors.