General Information
Armstrong Hunt Limited is a private company, limited by shares, registered in England and Wales, registration number 05693623, registration address Albion House, Albion Street, LEWES, East Sussex, BN7 2NF
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles |
25% Reducing Balance
|
Fixtures and Fittings |
25% Reducing Balance
|
Computer Equipment |
25% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
2. |
Average number of employees
Average number of employees during the period was 4 (2019 : 4).
|
3. |
Intangible fixed assets
Cost |
Goodwill |
|
Total |
|
£ |
|
£ |
At 01 April 2019 |
65,321 |
|
65,321 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 30 June 2020 |
65,321 |
|
65,321 |
Amortisation |
At 01 April 2019 |
65,321 |
|
65,321 |
Charge for period |
- |
|
- |
On disposals |
- |
|
- |
At 30 June 2020 |
65,321 |
|
65,321 |
Net book values |
At 30 June 2020 |
- |
|
- |
At 31 March 2019 |
- |
|
- |
|
4. |
Tangible fixed assets
Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
|
£ |
|
£ |
|
£ |
|
£ |
At 01 April 2019 |
18,129 |
|
10,803 |
|
5,515 |
|
34,447 |
Additions |
- |
|
1,003 |
|
2,608 |
|
3,611 |
Disposals |
- |
|
- |
|
- |
|
- |
At 30 June 2020 |
18,129 |
|
11,806 |
|
8,123 |
|
38,058 |
Depreciation |
At 01 April 2019 |
9,778 |
|
7,608 |
|
3,232 |
|
20,618 |
Charge for period |
2,087 |
|
- |
|
- |
|
2,087 |
On disposals |
- |
|
- |
|
- |
|
- |
At 30 June 2020 |
11,865 |
|
7,608 |
|
3,232 |
|
22,705 |
Net book values |
Closing balance as at 30 June 2020 |
6,264 |
|
4,198 |
|
4,891 |
|
15,353 |
Opening balance as at 01 April 2019 |
6,264 |
|
3,195 |
|
2,283 |
|
11,742 |
|
5. |
Share Capital
Authorised
1,000 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2020 £ |
|
2019 £ |
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|