ACCOUNTS - Final Accounts preparation

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

Registered number: 12841180

ARMSTRONG GROUP OF COMPANIES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

ARMSTRONG GROUP OF COMPANIES LIMITED

COMPANY INFORMATION

Directors	J D Armstrong
	M Armstrong


Registered number	12841180


Registered office	X-Dock
	Plot 2400 Wellington Parkway
	Lutterworth
	Leicestershire
	LE17 4XW


Independent auditors	TC Group
	Statutory Auditor
	1 Merus Court
	Meridian Business Park
	Leicester
	LE19 1RJ

ARMSTRONG GROUP OF COMPANIES LIMITED

CONTENTS

	Page
Group Strategic Report	1 - 2
Directors' Report	3 - 5
Independent Auditors' Report	6 - 9
Consolidated Statement of Comprehensive Income	10
Consolidated Balance Sheet	11 - 12
Company Balance Sheet	13 - 14
Consolidated Statement of Changes in Equity	15
Company Statement of Changes in Equity	16
Consolidated Statement of Cash Flows	17
Consolidated Analysis of Net Debt	18
Notes to the Financial Statements	19 - 39

ARMSTRONG GROUP OF COMPANIES LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Introduction

The principal activity of the Company is that of a holding Company.

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

Business review

The Group 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 have seen good attendance by colleagues.

Principal risks and uncertainties

The management of the business and the execution of the Group'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 Group 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 GROUP OF COMPANIES LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Financial key performance indicators

The key performance indicators used by the Group are as follows:
- Turnover;
- Gross profit margin; and
- Profit before taxation.

During the year turnover has increased by £4,909,906 (14.6%) to £38,447,493 compared to £33,537,587 in 2024.

During the year gross profit has increased by £852,734 (9.5%) to £9,863,553 compared to £9,010,819 in 2024.

During the year, profit before taxation has increased by £121,502 (122.9%) to £220,356 compared to £98,854 in 2024.

Other key performance indicators

The Group'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 a 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 GROUP OF COMPANIES 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.

Results and dividends

The profit for the year, after taxation, amounted to £36,706 (2024 - loss £129,480).

Particulars of the dividends paid are detailed in note 12 to the financial statements.

Directors

The directors who served during the year were:

J D Armstrong

M Armstrong

Environmental matters

Armstrong Group of Companies Limited, Armstrong Logistics Limited, Armstrong Fitness Limited, Armstrong Express Limited, Armstrong Vehicle Services Limited and Armstrong Property Management Limited are individually exempt from the requirement to disclose SECR information.

The Group will seek to minimise adverse impacts on the environment from its activities, whilst continuing to address health, safety and economic issues. The Group has complied with all applicable legislation and regulations.

Future developments

Going forward the directors are aiming to grow the Group 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 Group has been continued through internal methods in which employees have also been encouraged to present their suggestions and views on the Group's performance. Regular meetings are held between local management and employees to allow a free flow of information and ideas.

Disabled employees

The Group 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 Group'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.

Page 3

ARMSTRONG GROUP OF COMPANIES LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 and the Group'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 and the Group's auditors are aware of that information.

Post balance sheet events

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

Auditors

The auditors, TC Group, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Directors' responsibilities statement

The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 the Group and of the profit or loss of the Group for that period.

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

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

∙make judgments 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 Group 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 the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

ARMSTRONG GROUP OF COMPANIES LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

J D Armstrong

Director

Date: 15 July 2026

Page 5

ARMSTRONG GROUP OF COMPANIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ARMSTRONG GROUP OF COMPANIES LIMITED

Opinion

We have audited the financial statements of Armstrong Group of Companies Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 30 September 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The 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 Group's and of the Parent Company's affairs as at 30 September 2025 and of the Group's 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 Group 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 Group's or the Parent 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 6

ARMSTRONG GROUP OF COMPANIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ARMSTRONG GROUP OF COMPANIES 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 Report. Our 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 Group 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 Group 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company 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.

Page 7

ARMSTRONG GROUP OF COMPANIES LIMITED

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

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 4, 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.

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 Group 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.

Page 8

ARMSTRONG GROUP OF COMPANIES LIMITED

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

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 2006. Our 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.

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 9

ARMSTRONG GROUP OF COMPANIES LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	2025	2024
Note	£	£


Turnover	4	38,447,493	33,537,587
Cost of sales		(28,583,940)	(24,526,768)
Gross profit		9,863,553	9,010,819
Administrative expenses		(9,421,130)	(8,706,292)
Operating profit	5	442,423	304,527
Interest receivable and similar income	9	14,421	14,290
Interest payable and similar expenses	10	(236,488)	(219,963)
Profit before tax		220,356	98,854
Tax on profit	11	(183,650)	(228,334)
Profit/(loss) for the financial year		36,706	(129,480)

Other comprehensive income for the year
Total comprehensive income for the year		36,706	(129,480)

Profit for the year attributable to:
Owners of the Parent Company	36,706	(129,480)
	36,706	(129,480)

The notes on pages 19 to 39 form part of these financial statements.

Page 10

ARMSTRONG GROUP OF COMPANIES LIMITED

REGISTERED NUMBER: 12841180

CONSOLIDATED BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	14		1,851,072		2,224,398
Tangible assets	15		6,243,995		6,387,225
			8,095,067		8,611,623
Current assets
Stocks	17	30,019		41,632
Debtors: amounts falling due within one year	18	8,129,006		5,334,735
Cash at bank and in hand	19	1,998,522		3,259,452
		10,157,547		8,635,819
Creditors: amounts falling due within one year	20	(13,872,402)		(11,175,306)
Net current liabilities			(3,714,855)		(2,539,487)
Total assets less current liabilities			4,380,212		6,072,136
Creditors: amounts falling due after more than one year	21		(3,462,449)		(4,713,893)
Provisions for liabilities
Deferred tax	23	(1,129,486)		(945,836)
			(1,129,486)		(945,836)
Net (liabilities)/assets			(211,723)		412,407

Capital and reserves
Called up share capital	24	200	200
Share premium account		2,499,800	2,499,800
Profit and loss account		(2,711,723)	(2,087,593)
		(211,723)	412,407

Page 11

ARMSTRONG GROUP OF COMPANIES LIMITED

REGISTERED NUMBER: 12841180

CONSOLIDATED 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 19 to 39 form part of these financial statements.

Page 12

ARMSTRONG GROUP OF COMPANIES LIMITED

REGISTERED NUMBER: 12841180

COMPANY BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	16		5,000,000		5,000,000
			5,000,000		5,000,000
Current assets
Debtors: amounts falling due within one year	18	348,057		311,617
Cash at bank and in hand	19	424,791		1,211,409
		772,848		1,523,026
Creditors: amounts falling due within one year	20	(3,272,361)		(3,996,241)
Net current liabilities			(2,499,513)		(2,473,215)
Total assets less current liabilities			2,500,487		2,526,785


Net assets			2,500,487		2,526,785

Capital and reserves
Called up share capital	24	200	200
Share premium account		2,499,800	2,499,800
Profit and loss account		487	26,785
		2,500,487	2,526,785

Page 13

ARMSTRONG GROUP OF COMPANIES LIMITED

REGISTERED NUMBER: 12841180

COMPANY 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 19 to 39 form part of these financial statements.

Page 14

ARMSTRONG GROUP OF COMPANIES LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	Called up share capital	Share premium account	Profit and loss account	Equity attributable to owners of Parent Company	Total equity
	£	£	£	£	£
At 1 October 2023	200	2,499,800	(1,529,868)	970,132	970,132
Comprehensive income for the year
Loss for the year	-	-	(129,480)	(129,480)	(129,480)
Dividends: Equity capital	-	-	(428,245)	(428,245)	(428,245)

At 1 October 2024	200	2,499,800	(2,087,593)	412,407	412,407
Comprehensive income for the year
Profit for the year	-	-	36,706	36,706	36,706
Dividends: Equity capital	-	-	(660,836)	(660,836)	(660,836)
At 30 September 2025	200	2,499,800	(2,711,723)	(211,723)	(211,723)

	The notes on pages 19 to 39 form part of these financial statements.
	Profit and Loss Account Includes all current period retained profits and losses. All amounts are distributable. Share Premium Account Includes any premiums received on the issue of shares. Any transaction costs associated with the issuing of shares are deducted from share premium.

Page 15

ARMSTRONG GROUP OF COMPANIES LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 October 2023	200	2,499,800	12,545	2,512,545
Comprehensive income for the year
Profit for the year	-	-	189,240	189,240
Dividends: Equity capital	-	-	(175,000)	(175,000)

At 1 October 2024	200	2,499,800	26,785	2,526,785
Comprehensive income for the year
Profit for the year	-	-	291,202	291,202
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(317,500)	(317,500)
At 30 September 2025	200	2,499,800	487	2,500,487

	The notes on pages 19 to 39 form part of these financial statements.
	Profit and Loss Account Includes all current period retained profits and losses. All amounts are distributable. Share Premium Account Includes any premiums received on the issue of shares. Any transaction costs associated with the issuing of shares are deducted from share premium.

Page 16

ARMSTRONG GROUP OF COMPANIES LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit/(loss) for the financial year	36,706	(129,480)
Adjustments for:
Amortisation of intangible assets	373,326	373,326
Depreciation of tangible assets	1,195,047	1,046,501
Loss on disposal of tangible assets	37,693	15,640
Interest paid	236,488	219,963
Interest received	(14,421)	(14,290)
Taxation charge	183,650	228,334
Decrease in stocks	11,613	8,980
(Increase) in debtors	(2,794,271)	(406,929)
Increase/(decrease) in creditors	2,378,672	(1,462,985)
Net cash generated from operating activities	1,644,503	(120,940)

Cash flows from investing activities
Purchase of tangible fixed assets	(75,581)	(594,910)
Sale of tangible fixed assets	-	24,098
Interest received	14,421	14,290
HP interest paid	(236,488)	(194,468)
Net cash from investing activities	(297,648)	(750,990)
Cash flows from financing activities
Repayment of loans	(50,000)	(250,266)
Repayment of/new finance leases	(1,896,949)	2,363,472
Dividends paid	(660,836)	(428,245)
Interest paid	-	(25,495)
Net cash used in financing activities	(2,607,785)	1,659,466
Net (decrease)/increase in cash and cash equivalents	(1,260,930)	787,536
Cash and cash equivalents at beginning of year	3,259,452	2,471,916
Cash and cash equivalents at the end of year	1,998,522	3,259,452

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	1,998,522	3,259,452

Page 17

ARMSTRONG GROUP OF COMPANIES LIMITED

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 30 SEPTEMBER 2025


At 1 October 2024	Cash flows	New finance leases	At 30 September 2025
£	£	£	£

Cash at bank and in hand	3,259,452	(1,260,930)	-	1,998,522
Debt due after 1 year	(50,000)	50,000	-	-
Debt due within 1 year	(33,000)	-	-	(33,000)
Finance leases	(4,415,909)	1,896,949	(1,013,929)	(3,532,889)
	(1,239,457)	686,019	(1,013,929)	(1,567,367)

The notes on pages 19 to 39 form part of these financial statements.

Page 18

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

The entity is a private company limited by shares which is incorporated in England and Wales, registration number 12841180. The registered office is X-Dock, Plot 2400 Wellington Parkway, Magna Park, Lutterworth, Leicestershire, England, LE17 4XW.

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.

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

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income and Statement of Cash Flows in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

2.3

Going concern

In assessing the Group's going concern status, the directors have considered the Group's financial position, working capital requirements, and projected cash flows for a period of at least twelve months from the date these financial statements were authorised for issue. After reviewing the Group's financial position and taking into account the Group's working capital requirements, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial information.

Page 19

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.4

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 the Consolidated Statement of Comprehensive Income 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 Consolidated Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Consolidated Statement of Comprehensive Income within 'other operating income'.

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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 Group 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.

2.6

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to the Consolidated Statement of Comprehensive Income on a straight-line basis over the lease term.

Page 20

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Interest income

Interest income is recognised in the Consolidated Statement of Comprehensive Income using the effective interest method.

2.8

Finance costs

Finance costs are charged to the Consolidated Statement of Comprehensive Income 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.

2.9

Borrowing costs

All borrowing costs are recognised in the Consolidated Statement of Comprehensive Income in the year in which they are incurred.

2.10

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

Page 21

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income 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 and the Group operate and generate 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.

2.12

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.13

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.

Page 22

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.13

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:

Long-term leasehold property	-	10% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	20% or 25% reducing balance
Fixtures and fittings	-	15% reducing balance

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 the Consolidated Statement of Comprehensive Income.

2.14

Valuation of investments

Investments in unlisted Group 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 Consolidated Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.15

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.

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 the Consolidated Statement of Comprehensive Income.

2.16

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.

2.17

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.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

Page 23

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.18

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.

2.19

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 the Consolidated Statement of Comprehensive Income.

2.20

Financial instruments

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

The Group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Group's Balance Sheet when the Group 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 Group'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 Consolidated Statement of Comprehensive Income. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are

Page 24

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.20

Financial instruments (continued)

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 the Consolidated Statement of Comprehensive Income.

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 Consolidated Statement of Comprehensive Income.

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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies 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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the Consolidated Statement of Comprehensive Income. They are subsequently measured at fair value with changes in the Consolidated Statement of Comprehensive Income.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are

Page 25

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.20

Financial instruments (continued)

subsequently measured at fair value through the Consolidated Statement of Comprehensive Income. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

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 Group 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 Group 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 Group's contractual obligations expire or are discharged or cancelled.

2.21

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 26

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3.	Judgments 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 Group 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) Impairment of intangible assets and goodwill

The Group considers whether intangible assets and/or goodwill are impaired. Where an indication of impairment is identified the estimation of recoverable value requires estimation of the recoverable value of the cash generating units (CGUs). This requires estimation of the future cash flows from the CGUs and also selection of appropriate discount rates in order to calculate the net present value of those cash flows.

(ii) 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.

(iii) Impairment of debtors

The Group makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

(iv) Provisions

Management make provision for excess mileage and repair costs in respect of the anticipated future costs of returning vehicles used by the Group on operating leases. Management make provisions for dilapidation costs in respect of the anticipated future costs of returning the leased property back to rental condition used by the Group on operating leases.

Page 27

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Storage, haulage and distribution	38,407,232	33,353,643
Vehicle maintenance	28,403	92,299
Fitness	11,858	91,645
	38,447,493	33,537,587

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	30,931,018	26,402,128
Rest of Europe	6,824,946	7,135,459
Rest of the world	691,529	-
	38,447,493	33,537,587

Depreciation of tangible fixed assets	1,195,047	1,046,501
Exchange differences	(26,024)	(50,839)
Other operating lease rentals	2,636,895	2,160,924
Goodwill amortisation	373,326	373,326
Loss/(Profit) on disposal	37,693	(2,366)

Page 28

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements	25,500	23,500
Fees payable to the Company's auditors in respect of:
Taxation compliance services	7,000	7,000
All other services	12,400	12,400

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2025	2024
		£	£


Wages and salaries	11,336,473	9,554,333
Social security costs	1,241,996	930,422
Cost of defined contribution scheme	175,436	156,958
	12,753,905	10,641,713

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

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Directors	2	2	2	2
Administrative	45	11	-	-
Transport and warehouse	308	305	-	-

	355	318	2	2

Page 29

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	24,652	19,492
	24,652	19,492

9.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	14,421	14,290
		14,421	14,290

10.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	-	25,495
Finance leases and hire purchase contracts	236,488	194,468
	236,488	219,963



Total current tax	-	-

Deferred tax
Origination and reversal of timing differences	183,650	228,334
Total deferred tax	183,650	228,334


	Tax on profit	183,650	228,334

Page 30

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11.Taxation (continued)

Profit on ordinary activities before tax

220,356

98,854

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	55,089	24,714
Effects of:
Non-tax deductible amortisation of goodwill and impairment	93,332	93,332
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	37,672	-
Capital allowances for year in excess of depreciation	13,384	25,089
Utilisation of tax losses	(15,827)	16,404
Unrelieved tax losses carried forward	-	61,979
Other differences leading to an increase (decrease) in the tax charge	-	6,816
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.

12.	Dividends
		2025	2024
		£	£

	Dividends	660,836	428,245
		660,836	428,245

13.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent Company for the year was £291,202 (2024 - £189,240).

Page 31

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14.	Intangible assets
	Group

		Goodwill
		£
	Cost
	At 1 October 2024	3,733,257
	At 30 September 2025	3,733,257
	Amortisation
	At 1 October 2024	1,508,859
	Charge for the year	373,326
	At 30 September 2025	1,882,185
	Net book value
	At 30 September 2025	1,851,072
	At 30 September 2024	2,224,398

Page 32

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

15.	Tangible fixed assets
	Group

	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 October 2024	1,264,633	6,639,722	3,373,747	224,652	11,502,754
Additions	151,025	135,960	775,559	26,966	1,089,510
Disposals	(189,144)	-	-	-	(189,144)
At 30 September 2025	1,226,514	6,775,682	4,149,306	251,618	12,403,120
Depreciation
At 1 October 2024	459,731	3,511,045	975,418	169,335	5,115,529
Charge for the year	74,167	495,874	577,688	47,318	1,195,047
Disposals	(151,451)	-	-	-	(151,451)
At 30 September 2025	382,447	4,006,919	1,553,106	216,653	6,159,125
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	3,128,677	2,398,329	55,317	6,387,225

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Long-term leasehold property	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

Page 33

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

16.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 October 2024	5,000,000
	At 30 September 2025	5,000,000

Armstrong Fitness Limited, Company No: 12969112; Armstrong Property Management Limited, Company No: 12971138; Armstrong Express Limited, Company No: 05564001 and Armstrong Vehicle Services Limited, Company No: 12969170 have taken exemption from audit under section 479A of the Companies Act 2006. In accordance with this subsection, Armstrong Group of Companies Limited has given a guarantee as set out in section 479C over the liabilities of these companies.

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

Armstrong Logistics Limited	Plot 2400 Wellington Parkway, Magna Park, Lutterworth, England, LE17 4XW	Ordinary	96%
Armstrong Fitness Limited	Plot 2400 Wellington Parkway, Magna Park, Lutterworth, England, LE17 4XW	Ordinary	100%
Armstrong Property Management Limited	Plot 2400 Wellington Parkway, Magna Park, Lutterworth, England, LE17 4XW	Ordinary	100%
Armstrong Express Limited	Plot 2400 Wellington Parkway, Magna Park, Lutterworth, England, LE17 4XW	Ordinary	100%
Armstrong Vehicle Services Limited	Plot 2400 Wellington Parkway, Magna Park, Lutterworth, England, LE17 4XW	Ordinary	100%

Page 34

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

17.	Stocks
		2025	2024
		£	£

Fuel stock	30,019	41,632
	30,019	41,632

18.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	5,267,462	3,547,802	-	-
Amounts owed by group undertakings	-	-	348,057	311,617
Other debtors	12,041	200,788	-	-
Prepayments and accrued income	2,849,503	1,586,145	-	-
	8,129,006	5,334,735	348,057	311,617

19.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Cash at bank and in hand	1,998,522	3,259,452	424,791	1,211,409
	1,998,522	3,259,452	424,791	1,211,409

Page 35

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank loans	33,333	50,000	-	-
Trade creditors	5,666,633	3,930,450	-	-
Amounts owed to group undertakings	-	-	3,272,361	3,996,241
Corporation tax	3,773	3,773	-	-
Other taxation and social security	827,595	451,225	-	-
Obligations under finance lease and hire purchase contracts	1,835,357	1,696,342	-	-
Other creditors	4,560,054	3,011,838	-	-
Accruals and deferred income	945,657	2,031,678	-	-
	13,872,402	11,175,306	3,272,361	3,996,241

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

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

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 Group.

21.	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 Group.

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

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 36

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

23.	Deferred taxation
	Group

		2025
		£

	At beginning of year	945,836
	Charged to profit or loss	183,650
	At end of year	1,129,486

		Group	Group
		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

Page 37

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

24.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) A Ordinary shares of £1.00 each	100	100
100 (2024 - 100) B Ordinary shares of £1.00 each	100	100

	200	200

The Company's issued share capital comprises A Ordinary and B Ordinary shares. Each class carries one vote per share and ranks pari passu in respect of dividends and distributions of capital, including on a winding up. Neither class of share is redeemable.

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

26.	Related party transactions
	The company has taken advantage of the exemption available under FRS102 33.1A not to disclose transactions with wholly owned subsidiaries of the Group. 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

Page 38

ARMSTRONG GROUP OF COMPANIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

27.	Controlling party

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

Page 39