Caseware UK (AP4) 2025.0.111 2025.0.111 2025-09-302025-09-30falsetruetruetruetruetrue.318true2024-10-01false355false 04158747 2024-10-01 2025-09-30 04158747 2023-10-01 2024-09-30 04158747 2025-09-30 04158747 2024-09-30 04158747 2023-10-01 04158747 1 2024-10-01 2025-09-30 04158747 1 2023-10-01 2024-09-30 04158747 d:Director1 2024-10-01 2025-09-30 04158747 d:Director2 2024-10-01 2025-09-30 04158747 d:RegisteredOffice 2024-10-01 2025-09-30 04158747 e:Buildings 2024-10-01 2025-09-30 04158747 e:Buildings 2025-09-30 04158747 e:Buildings 2024-09-30 04158747 e:Buildings e:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 04158747 e:PlantMachinery 2024-10-01 2025-09-30 04158747 e:PlantMachinery 2025-09-30 04158747 e:PlantMachinery 2024-09-30 04158747 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 04158747 e:MotorVehicles 2024-10-01 2025-09-30 04158747 e:MotorVehicles 2025-09-30 04158747 e:MotorVehicles 2024-09-30 04158747 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 04158747 e:FurnitureFittings 2024-10-01 2025-09-30 04158747 e:FurnitureFittings 2025-09-30 04158747 e:FurnitureFittings 2024-09-30 04158747 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 04158747 e:OfficeEquipment 2024-10-01 2025-09-30 04158747 e:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 04158747 e:CurrentFinancialInstruments 2025-09-30 04158747 e:CurrentFinancialInstruments 2024-09-30 04158747 e:Non-currentFinancialInstruments 2025-09-30 04158747 e:Non-currentFinancialInstruments 2024-09-30 04158747 e:CurrentFinancialInstruments e:WithinOneYear 2025-09-30 04158747 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 04158747 e:Non-currentFinancialInstruments e:AfterOneYear 2025-09-30 04158747 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 04158747 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2025-09-30 04158747 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-09-30 04158747 e:ReportableOperatingSegment1 2024-10-01 2025-09-30 04158747 e:ReportableOperatingSegment1 2023-10-01 2024-09-30 04158747 f:UnitedKingdom 2024-10-01 2025-09-30 04158747 f:UnitedKingdom 2023-10-01 2024-09-30 04158747 f:RestEuropeOutsideUK 2024-10-01 2025-09-30 04158747 f:RestEuropeOutsideUK 2023-10-01 2024-09-30 04158747 f:RestWorldOutsideUK 2024-10-01 2025-09-30 04158747 f:RestWorldOutsideUK 2023-10-01 2024-09-30 04158747 e:ShareCapital 2025-09-30 04158747 e:ShareCapital 2024-09-30 04158747 e:ShareCapital 2023-10-01 04158747 e:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 04158747 e:RetainedEarningsAccumulatedLosses 2025-09-30 04158747 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 04158747 e:RetainedEarningsAccumulatedLosses 2024-09-30 04158747 e:RetainedEarningsAccumulatedLosses 2023-10-01 04158747 e:AcceleratedTaxDepreciationDeferredTax 2025-09-30 04158747 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 04158747 e:TaxLossesCarry-forwardsDeferredTax 2025-09-30 04158747 e:TaxLossesCarry-forwardsDeferredTax 2024-09-30 04158747 e:RetirementBenefitObligationsDeferredTax 2025-09-30 04158747 e:RetirementBenefitObligationsDeferredTax 2024-09-30 04158747 d:OrdinaryShareClass1 2024-10-01 2025-09-30 04158747 d:OrdinaryShareClass1 2025-09-30 04158747 d:OrdinaryShareClass1 2024-09-30 04158747 d:FRS102 2024-10-01 2025-09-30 04158747 d:Audited 2024-10-01 2025-09-30 04158747 d:FullAccounts 2024-10-01 2025-09-30 04158747 d:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 04158747 e:WithinOneYear 2025-09-30 04158747 e:WithinOneYear 2024-09-30 04158747 e:BetweenOneFiveYears 2025-09-30 04158747 e:BetweenOneFiveYears 2024-09-30 04158747 e:MoreThanFiveYears 2025-09-30 04158747 e:MoreThanFiveYears 2024-09-30 04158747 e:HirePurchaseContracts e:WithinOneYear 2025-09-30 04158747 e:HirePurchaseContracts e:WithinOneYear 2024-09-30 04158747 e:HirePurchaseContracts e:BetweenOneFiveYears 2025-09-30 04158747 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-09-30 04158747 e:Buildings e:LeasedAssetsHeldAsLessee 2025-09-30 04158747 e:Buildings e:LeasedAssetsHeldAsLessee 2024-09-30 04158747 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2025-09-30 04158747 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-09-30 04158747 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2025-09-30 04158747 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-09-30 04158747 e:LeasedAssetsHeldAsLessee 2025-09-30 04158747 e:LeasedAssetsHeldAsLessee 2024-09-30 04158747 g:PoundSterling 2024-10-01 2025-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04158747










ARMSTRONG LOGISTICS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

 
ARMSTRONG LOGISTICS LIMITED
 
 
COMPANY INFORMATION


Directors
J D Armstrong 
M Armstrong 




Registered number
04158747



Registered office
Plot 2400 Wellington Parkway
Magna Park

Lutterworth

LE17 4XW




Independent auditors
TC Group
Statutory Auditor

1 Merus Court

Meridian Business Park

Leicester

LE19 1RJ





 
ARMSTRONG LOGISTICS LIMITED
 

CONTENTS



Page
Strategic Report
 
1 - 2
Directors' Report
 
3 - 4
Independent Auditors' Report
 
5 - 8
Statement of Comprehensive Income
 
9
Balance Sheet
 
10 - 11
Statement of Changes in Equity
 
12
Notes to the Financial Statements
 
13 - 29

 
ARMSTRONG LOGISTICS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

Introduction
 
The principal activity of the Company during the year continued to be that of warehousing, storage and distribution.

Business review
 
The Company has continued to maintain its high service levels in line with what is now expected each year.

Our culture of continuous improvement is driven by our Mission & Vision statements.

We will continue to invest in new technology to increase efficiency and ensure added value customer reporting.

The Directors will ensure that relationships with existing customers remain strong to enable added value service offerings to be explored continuously.

Our HR policy of "internal promotion" continues to gain traction with staff securing more senior roles within the business. In 2026 we will enhance that Policy with specific staff training modules.

We have also offered additional First Aid and Fire Safety courses which has seen good attendance by colleagues.

Principal risks and uncertainties
 
The management of the business and the execution of the Company's strategy are subject to a number of risks. Risks are formally reviewed by the board and appropriate processes are put in place to monitor and mitigate them.

Credit risk

New credit customers undergo credit checks and are only accepted once approved by the credit controller. The Company undertakes perpetual review processes to ensure debts are collected in a timely manner and to minimise the risk that debts become irrecoverable.

Liquidity risk

The Company is financed by appropriate long and short term finance to match the needs of the business. The Company is able to make use of factoring account facilities to ensure that sufficient cash reserves are in place to meet liabilities as they fall due.

Page 1

 
ARMSTRONG LOGISTICS LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025

Financial key performance indicators
 
The key performance indicators used by the Company are as follows:

-   Turnover;
-   Gross profit margin; and
-   Profit before taxation.

During the year turnover has increased by £5,031,192 (15.1%) to £38,307,094 compared to £33,275,902 in 2024.

During the year gross profit has increased by £1,081,553 (12.2%) to £9,956,232 compared to £8,874,679 in 2024.

During the year, profit before taxation has increased by £125,289 (16.5%) to £884,226 compared to £758,937 in 2024.

Other key performance indicators
 
The Company's adherence to key laws and regulations and maintaining key operating licenses remains a key performance indicator monitored by management.

Non-financial and sustainability information statement
 
In line with our Sustainability Programme, 2025 has seen our small fleet now 100% converted to Electric. 

2025 has also seen the successful introduction of our first Electric Truck into the large fleet.

Since the introduction of our electric vehicles, we are proud to be on track to save approximately 53 tonnes in CO2 emissions.

Our Warehouse Solar Panel project was delayed due to change of Landlord but will be restarted in 2026.

Our carbon footprint remains at the forefront of our truck replacement programme and in all aspects of our business strategy.


This report was approved by the board and signed on its behalf.



___________________________
J D Armstrong
Director

Date: 15 July 2026
Page 2

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £700,576 (2024 - £530,603).

Particulars of dividends paid are detailed in note 10 of the financial statements.

Directors

The directors who served during the year were:

J D Armstrong 
M Armstrong 

Future developments

Going forward the directors are aiming to grow the Company further whilst keeping a tight control over the cost base.

Engagement with employees

During the year, the policy of providing employees with information about the Company has been continued through internal methods in which employees have also been encouraged to present their suggestions and views on the Company's performance. Regular meetings are held between local management and employees to allow a free flow of information and ideas.

Page 3

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025

Disabled employees

The Company gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the Company's policy wherever practicable to provide continuing employment under normal terms and conditions as well as providing training and career development to disabled employees wherever appropriate.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditorsTC Groupwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





___________________________
J D Armstrong
Director

Date: 15 July 2026
Page 4

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ARMSTRONG LOGISTICS LIMITED
 

Opinion


We have audited the financial statements of Armstrong Logistics Limited (the 'Company') for the year ended 30 September 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 September 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ARMSTRONG LOGISTICS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ARMSTRONG LOGISTICS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-   Enquiry of management and those charged with governance around actual, potential or suspected litigation, claims, non-compliance with applicable laws and regulations and fraud.
-   Enquiry of entity staff in tax and compliance functions and external advisors to identify any instances of non-compliance with laws and regulations.
-   Performing audit work over the risk of management override, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimate for bias.
-   Reviewing of financial statements disclosure and testing to supporting documentation to assess compliance with applicable laws and regulations.
-   Discussions with the engagement team in relation to how and where fraud might occur in the financial statements and any potential indicators of fraud.
-   Reviewing meeting minutes of those charged with governance.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.


Page 7

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ARMSTRONG LOGISTICS LIMITED (CONTINUED)





Shiran Wynter (Senior Statutory Auditor)
  
for and on behalf of
TC Group
 
Statutory Auditor
  
1 Merus Court
Meridian Business Park
Leicester
LE19 1RJ

15 July 2026
Page 8

 
ARMSTRONG LOGISTICS LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2025
2024
Note
£
£

  

Turnover
 4 
38,307,094
33,275,902

Cost of sales
  
(28,350,862)
(24,401,223)

Gross profit
  
9,956,232
8,874,679

Administrative expenses
  
(8,835,518)
(7,895,779)

Operating profit
  
1,120,714
978,900

Interest payable and similar expenses
 9 
(236,488)
(219,963)

Profit before tax
  
884,226
758,937

Tax on profit
 10 
(183,650)
(228,334)

Profit for the financial year
  
700,576
530,603

Other comprehensive income for the year
  

Total comprehensive income for the year
  
700,576
530,603

The notes on pages 13 to 29 form part of these financial statements.
Page 9

 
ARMSTRONG LOGISTICS LIMITED
REGISTERED NUMBER: 04158747

BALANCE SHEET
AS AT 30 SEPTEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 12 
6,243,995
6,356,254

  
6,243,995
6,356,254

Current assets
  

Stocks
 13 
30,019
41,632

Debtors: amounts falling due within one year
 14 
11,888,631
9,600,884

Cash at bank and in hand
 15 
1,485,019
1,988,766

  
13,403,669
11,631,282

Creditors: amounts falling due within one year
 16 
(13,790,839)
(11,042,657)

Net current (liabilities)/assets
  
 
 
(387,170)
 
 
588,625

Total assets less current liabilities
  
5,856,825
6,944,879

Creditors: amounts falling due after more than one year
 17 
(3,462,449)
(4,713,893)

Provisions for liabilities
  

Deferred tax
 20 
(1,129,486)
(945,836)

  
 
 
(1,129,486)
 
 
(945,836)

Net assets
  
1,264,890
1,285,150


Capital and reserves
  

Called up share capital 
 21 
6
6

Profit and loss account
  
1,264,884
1,285,144

  
1,264,890
1,285,150


Page 10

 
ARMSTRONG LOGISTICS LIMITED
REGISTERED NUMBER: 04158747
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2026.




___________________________
J D Armstrong
Director

The notes on pages 13 to 29 form part of these financial statements.
Page 11

 
ARMSTRONG LOGISTICS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2023
6
1,182,786
1,182,792


Comprehensive income for the year

Profit for the year
-
530,603
530,603

Dividends: Equity capital
-
(428,245)
(428,245)



At 1 October 2024
6
1,285,144
1,285,150


Comprehensive income for the year

Profit for the year
-
700,576
700,576

Dividends: Equity capital
-
(720,836)
(720,836)


At 30 September 2025
6
1,264,884
1,264,890


The notes on pages 13 to 29 form part of these financial statements.
Page 12

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.


General information

Armstrong Logistics Limited is a private company limited by shares, domiciled in England and Wales, registration number 04158747. The registered office is Plot 2400 Wellington Parkway, Magna Park, Lutterworth, LE17 4XW.

The principal activity of the Company continued to be providing logistics services including operating a fleet of trucks and operating across multiple sites.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

After reviewing the Company's financial position and taking into account the Company's working capital requirements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Armstrong Group of Companies Limited as at 30 September 2025 and these financial statements may be obtained from X-Dock, Plot 2400 Wellington Parkway, Magna Park, Lutterworth, LE17 4XW.

Page 13

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 14

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 15

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 16

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
15% on reducing balance
Motor vehicles
-
20% or 25% on reducing balance
Fixtures and fittings
-
15% on reducing balance
Land and buildings leasehold
-
over the life of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.13

Debtors

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

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.15

Creditors

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

Page 17

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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
Page 18

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)


2.17
Financial instruments (continued)

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.

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 instruments

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.

 
2.18

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.

Page 19

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(ii) Impairment of debtors

Judgement is required when determining if there is any impairment to the trade debtor balances. Trade debtors are reviewed for impairment if they are past due and are not repaid within the terms of the contracts. A provision for impairment will be made if, following the review of the balances, the Company considers it unlikely that any balance will be recovered.

(iii) Provisions

Management makes provisions for excess mileage and repair costs in respect of the anticipated future costs of returning vehicles used by the Company on operating leases.

Management makes provisions for dilapidation costs in respect of the anticipated future costs of returning the leased property back to rental condition used by the Company on operating leases.

Page 20

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Sales
38,307,094
33,275,902

38,307,094
33,275,902


Analysis of turnover by country of destination:

2025
2024
£
£

United Kingdom
30,790,619
26,140,443

Rest of Europe
6,824,946
7,135,459

Rest of the world
691,529
-

38,307,094
33,275,902



5.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Exchange differences
(26,024)
(50,839)

Other operating lease rentals
2,636,895
2,160,924

Depreciation of tangible fixed assets
1,160,246
1,010,712

Loss/(Profit) on sale of tangible assets
37,694
(2,366)


6.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
25,500
23,500

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Page 21

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

7.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
11,336,473
9,519,799

Social security costs
1,239,305
927,369

Cost of defined contribution scheme
175,362
156,017

12,751,140
10,603,185


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Directors
2
2



Administrative
45
11



Transport and warehouse
308
305

355
318


8.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
24,652
19,492

24,652
19,492



9.


Interest payable and similar expenses

2025
2024
£
£


Bank interest
-
25,495

Finance leases and hire purchase contracts
236,488
194,468

236,488
219,963

Page 22

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

10.


Taxation


2025
2024
£
£



Total current tax
-
-

Deferred tax


Deferred tax
183,650
228,334

Total deferred tax
183,650
228,334


Tax on profit
183,650
228,334

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
884,226
758,937


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
221,057
189,734

Effects of:


Expenses not deductible for tax purposes
15,441
-

Capital allowances for year in excess of depreciation
5,141
16,142

Utilisation of tax losses
(10,871)
20,142

Other timing differences leading to an increase (decrease) in taxation
-
1,238

Movement in provisions
-
1,078

Group relief
(47,118)
-

Total tax charge for the year
183,650
228,334


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 23

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

11.


Dividends

2025
2024
£
£


Dividends
720,836
428,245

720,836
428,245


12.


Tangible fixed assets


Land and buildings leasehold
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2024
1,264,633
6,554,819
3,349,202
219,162
11,387,816


Additions
151,025
135,960
771,729
26,966
1,085,680


Disposals
(189,144)
-
-
-
(189,144)



At 30 September 2025

1,226,514
6,690,779
4,120,931
246,128
12,284,352



Depreciation


At 1 October 2024
459,731
3,452,101
954,330
165,400
5,031,562


Charge for the year on owned assets
74,167
469,915
570,401
45,763
1,160,246


Disposals
(151,451)
-
-
-
(151,451)



At 30 September 2025

382,447
3,922,016
1,524,731
211,163
6,040,357



Net book value



At 30 September 2025
844,067
2,768,763
2,596,200
34,965
6,243,995



At 30 September 2024
804,902
3,102,718
2,394,872
53,762
6,356,254

Page 24

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

           12.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Land and buildings
7,340
9,422

Plant and machinery
2,610,466
2,955,010

Motor vehicles
2,314,052
2,039,608

4,931,858
5,004,040


13.


Stocks

2025
2024
£
£

Finished goods and goods for resale
30,019
41,632

30,019
41,632



14.


Debtors

2025
2024
£
£


Trade debtors
5,243,389
3,495,829

Amounts owed by group undertakings
3,794,965
4,396,551

Other debtors
774
200,590

Prepayments and accrued income
2,849,503
1,507,914

11,888,631
9,600,884



15.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
1,485,019
1,988,766

1,485,019
1,988,766


Page 25

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

16.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
33,333
50,000

Trade creditors
5,592,422
3,905,283

Corporation tax
3,773
3,773

Other taxation and social security
820,245
424,020

Obligations under finance lease and hire purchase contracts
1,835,357
1,696,342

Other creditors
4,560,052
3,009,792

Accruals and deferred income
945,657
1,953,447

13,790,839
11,042,657


HSBC Bank Plc holds a fixed and floating charge (including a negative pledge) over the assets of the Company.

Bank overdrafts and other loans amounting to £33,333 (2024 - £50,000) are secured by the Company.

Obligations under finance lease and hire purchase contracts amounting to £1,835,357 (2024 - £1,696,342) are secured against the fixed assets to which they relate.

Factoring creditors amounting to £4,347,875 (2024 - £2,762,976) are secured by the Company.


17.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
33,333

Net obligations under finance leases and hire purchase contracts
1,697,532
2,719,567

Other creditors
1,764,917
1,960,993

3,462,449
4,713,893


HSBC Bank Plc holds a fixed and floating charge (including a negative pledge) over the assets of the Company.

Bank overdrafts and other loans amounting to £Nil (2024 - £33,333) are secured by the Company.

Obligations under finance lease and hire purchase contracts amounting to £1,697,532 (2024 - £2,719,567) are secured against the fixed assets to which they relate.

Page 26

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

18.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
33,333
50,000


33,333
50,000

Amounts falling due 1-2 years

Bank loans
-
33,333


-
33,333



33,333
83,333



19.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
1,835,357
1,696,342

Between 1-5 years
1,697,532
2,719,567

3,532,889
4,415,909


20.


Deferred taxation




2025


£






At beginning of year
945,836


Charged to profit or loss
183,650



At end of year
1,129,486

Page 27

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
 
20.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
1,230,426
1,257,522

Tax losses carried forward
(93,440)
(300,183)

Provisions carried forward
(7,500)
(11,503)

1,129,486
945,836


21.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



628 (2024 - 621) Ordinary shares of £0.01 each
6
6

During the year, 7 E Ordinary shares of £0.01 each were issued. The Company's issued share capital comprises A, B, C, D and E Ordinary shares. The A Ordinary shares carry one vote per share and rank pari passu in respect of dividends and distributions of capital. The B, C, D and E Ordinary shares carry full voting rights, rights to dividends as declared by the directors and rights to participate in capital linked to the hurdle value in accordance with the Company's Articles of Association. None of the shares are redeemable.



22.


Commitments under operating leases

At 30 September 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
5,530,658
4,199,546

Later than 1 year and not later than 5 years
20,957,168
13,122,152

Later than 5 years
24,595,556
17,175,333

51,083,382
34,497,031

Page 28

 
ARMSTRONG LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

23.


Related party transactions

Transactions and balances with related parties are as follows:


2025
2024
£
£

Amounts owed by directors
774
94,470
Dividends paid to directors
317,500
175,000
Key management personnel remuneration
64,536
59,569

The Company has taken advantage of the exemption available under FRS 102 33.1A not to disclose transactions with wholly owned subsidiaries of the group.

All transactions are considered to be at arm's length.


24.


Controlling party

The immediate and ultimate parent company is Armstrong Group Of Companies Limited.

The directors do not consider there to be an ultimate controlling party.
 
Page 29