Armstrongs Accountancy Ltd

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armstrongs accountancy ltd Company Information

Company Number

04988993

Next Accounts

Mar 2025

Directors

Paul Farmer

Muhammed Shabbir

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Shareholders

muhammed shabbir

paul anthony farmer

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Group Structure

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Industry

Accounting, and auditing activities

Registered Address

1 & 2 mercia village, torwood close westwood business, coventry, west midlands, CV4 8HX

Website

www.armstrongs-accountancy.co.uk

armstrongs accountancy ltd Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of ARMSTRONGS ACCOUNTANCY LTD at £3.2m based on Net Assets of £1.1m and 3.02x industry multiple (adjusted for liquidity).

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Armstrongs Accountancy Ltd is a live company located in coventry, CV4 8HX with a Companies House number of 04988993. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 2003, it's largest shareholder is muhammed shabbir with a 49.9% stake. Armstrongs Accountancy Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Armstrongs Accountancy Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £1.5m, make it larger than the average company (£219.8k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.4%)

EXPORT

Armstrongs Accountancy Ltd's latest turnover from June 2023 is estimated at £1.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Armstrongs Accountancy Ltd has 23 employees and maintains cash reserves of £116.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Dec 2009
Turnover	1,486,799	1,315,234	1,269,870	1,118,900	1,166,777	1,264,130	1,219,024	1,146,705	1,468,765	1,292,372	1,260,380	1,172,589	1,063,839	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	76,198	145,633	121,952	150,513	27,446	31,478	27,516	87,311	224,660	174,658	148,839	157,058	107,686	0
Gross Profit	1,410,601	1,169,601	1,147,918	968,388	1,139,331	1,232,652	1,191,508	1,059,395	1,244,105	1,117,714	1,111,541	1,015,530	956,153	0
Admin Expenses	1,131,877	789,820	986,218	805,299	1,067,153	1,202,497	1,166,719	1,150,814	1,230,031	1,022,193	1,106,447	1,011,014	945,170	-3,473
Operating Profit	278,724	379,781	161,700	163,089	72,178	30,155	24,789	-91,419	14,074	95,521	5,094	4,516	10,983	3,473
Interest Payable	46,839	27,036	7,625	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,905	3,391	359	222	814	442	136	164	150	155	99	116	87	0
Pre-Tax Profit	238,791	356,136	154,435	163,311	72,993	30,598	24,925	-91,255	14,224	95,676	5,192	4,632	11,070	3,474
Tax	-59,698	-67,666	-29,343	-31,029	-13,869	-5,814	-4,736	0	-2,845	-20,092	-1,194	-1,112	-2,878	-973
Profit After Tax	179,093	288,470	125,092	132,282	59,124	24,784	20,189	-91,255	11,379	75,584	3,998	3,520	8,192	2,501
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	179,093	288,470	125,092	132,282	59,124	24,784	20,189	-91,255	11,379	75,584	3,998	3,520	8,192	2,501
Employee Costs	821,220	788,006	550,781	625,684	719,143	714,954	571,227	515,162	642,699	645,174	612,061	568,089	480,666	0
Number Of Employees	23	23	18	21	21	23	20	19	23	22	22	22	19	0
EBITDA*	299,331	402,823	176,431	173,517	83,768	42,487	28,681	-87,689	28,143	107,305	15,456	15,645	18,460	9,844

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Dec 2009
Tangible Assets	46,394	51,512	31,867	31,282	34,774	28,822	14,995	8,261	6,842	6,990	2,772	3,617	5,229	9,755
Intangible Assets	226,386	0	0	0	0	0	0	0	149,239	146,831	156,348	165,865	24,382	27,333
Investments & Other	149,747	149,747	1,000	100	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	422,527	201,259	32,867	31,382	34,774	28,822	14,995	8,261	156,081	153,821	159,120	169,482	29,611	37,088
Stock & work in progress	197,340	151,200	136,835	121,341	85,886	112,130	73,456	44,749	40,321	56,988	50,263	41,886	37,093	36,379
Trade Debtors	305,687	289,483	323,089	221,655	231,471	244,367	235,272	198,458	218,410	181,244	175,234	150,942	167,119	136,431
Group Debtors	721,060	692,689	184,704	182,220	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41,576	84,315	39,018	26,509	30,859	14,105	23,982	0	0	0	0	0	0	0
Cash	116,916	159,290	383,328	335,264	108,930	108,209	68,783	40,021	25,526	34,292	27,795	11,610	34,769	59
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,382,579	1,376,977	1,066,974	886,989	457,146	478,811	401,493	283,228	284,257	272,524	253,292	204,438	238,981	172,869
total assets	1,805,106	1,578,236	1,099,841	918,371	491,920	507,633	416,488	291,489	440,338	426,345	412,412	373,920	268,592	209,957
Bank overdraft	0	0	25,000	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	37,685	30,345	26,459	65,544	11,470	16,071	21,759	195,376	252,967	250,353	312,014	277,520	176,033	122,898
Group/Directors Accounts	0	60	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	183,884	165,595	225,499	380,036	139,956	210,192	278,426	0	0	0	0	0	0	0
total current liabilities	221,569	196,000	276,958	445,580	151,426	226,263	300,185	195,376	252,967	250,353	312,014	277,520	176,033	122,898
loans	355,784	495,833	225,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	161,957	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	57	248
total long term liabilities	517,741	495,833	225,000	0	0	0	0	0	0	0	0	0	57	248
total liabilities	739,310	691,833	501,958	445,580	151,426	226,263	300,185	195,376	252,967	250,353	312,014	277,520	176,090	123,146
net assets	1,065,796	886,403	597,883	472,791	340,494	281,370	116,303	96,113	187,371	175,992	100,398	96,400	92,502	86,811
total shareholders funds	1,065,796	886,403	597,883	472,791	340,494	281,370	116,303	96,113	187,371	175,992	100,398	96,400	92,502	86,811

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Dec 2009
Operating Activities
Operating Profit	278,724	379,781	161,700	163,089	72,178	30,155	24,789	-91,419	14,074	95,521	5,094	4,516	10,983	3,473
Depreciation	20,607	23,042	14,731	10,428	11,590	12,332	3,892	3,730	3,227	2,267	845	1,612	4,526	4,404
Amortisation	0	0	0	0	0	0	0	0	10,842	9,517	9,517	9,517	2,951	1,967
Tax	-59,698	-67,666	-29,343	-31,029	-13,869	-5,814	-4,736	0	-2,845	-20,092	-1,194	-1,112	-2,878	-973
Stock	46,140	14,365	15,494	35,455	-26,244	38,674	28,707	4,428	-16,667	6,725	8,377	4,793	37,093	36,379
Debtors	1,836	519,676	116,427	168,054	3,858	-782	60,796	-19,952	37,166	6,010	24,292	-16,177	167,119	136,431
Creditors	7,340	3,886	-39,085	54,074	-4,601	-5,688	-173,617	-57,591	2,614	-61,661	34,494	101,487	176,033	122,898
Accruals and Deferred Income	18,289	-59,904	-154,537	240,080	-70,236	-68,234	278,426	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-57	57	248
Cash flow from operations	217,286	-254,902	-178,455	233,133	17,448	-75,141	39,251	-129,756	7,413	12,817	16,087	127,347	-12,540	-40,793
Investing Activities
capital expenditure	-241,875	-42,687	-15,316	-6,936	-17,542	-26,159	-10,626	144,090	-16,329	-6,485	0	-151,000	-37,088	-43,459
Change in Investments	0	148,747	900	100	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-241,875	-191,434	-16,216	-7,036	-17,542	-26,159	-10,626	144,090	-16,329	-6,485	0	-151,000	-37,088	-43,459
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-60	60	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-140,049	270,833	225,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	161,957	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	300	50	0	15	0	140,283	1	-3	0	10	0	378	84,310	84,310
interest	-39,934	-23,645	-7,266	222	814	442	136	164	150	155	99	116	87	0
cash flow from financing	-17,786	247,298	217,734	237	814	140,725	137	161	150	165	99	494	84,397	84,310
cash and cash equivalents
cash	-42,374	-224,038	48,064	226,334	721	39,426	28,762	14,495	-8,766	6,497	16,185	-23,159	34,769	59
overdraft	0	-25,000	25,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	-42,374	-199,038	23,064	226,334	721	39,426	28,762	14,495	-8,766	6,497	16,185	-23,159	34,769	59

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARMSTRONGS ACCOUNTANCY LTD group structure

Armstrongs Accountancy Ltd has 2 subsidiary companies.

Ultimate parent company

ARMSTRONGS ACCOUNTANCY LTD

04988993

2 subsidiaries

ARMSTRONGS BISHOP SIMMONS LIMITED

04985645

ARMSTRONGS (HINCKLEY) LIMITED

12350375

ARMSTRONGS ACCOUNTANCY LTD Shareholders

muhammed shabbir	49.93%
paul anthony farmer	49.93%
sarah-faye van ristell	0.13%

Armstrongs Accountancy Ltd currently has 3 directors. The longest serving directors include Mr Paul Farmer (Oct 2008) and Mr Muhammed Shabbir (Feb 2009).

officer	country	age	start	end	role
Mr Paul Farmer	United Kingdom	46 years	Oct 2008	-	Director
Mr Muhammed Shabbir	England	49 years	Feb 2009	-	Director
Mrs Sarah-Faye Van Ristell	England	39 years	Oct 2016	-	Director

P&L

June 2023

turnover

1.5m

+13%

operating profit

278.7k

gross margin

94.9%

+6.69%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

1.1m

+0.2%

total assets

1.8m

+0.14%

cash

116.9k

-0.27%

net assets

Total assets minus all liabilities

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company number

04988993

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

December 2003

ultimate parent company

None

previous names

N/A

address

1 & 2 mercia village, torwood close westwood business, coventry, west midlands, CV4 8HX

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to armstrongs accountancy ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

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armstrongs accountancy ltd Company Information

armstrongs accountancy ltd Estimated Valuation

armstrongs accountancy ltd Estimated Valuation

armstrongs accountancy ltd Estimated Valuation

Armstrongs Accountancy Ltd Overview

Armstrongs Accountancy Ltd Health Check

ARMSTRONGS ACCOUNTANCY LTD financials

armstrongs accountancy ltd Credit Report and Business Information

Armstrongs Accountancy Ltd Competitor Analysis

armstrongs accountancy ltd Ownership

armstrongs accountancy ltd directors

armstrongs accountancy ltd company details

armstrongs accountancy ltd Charges & Mortgages

armstrongs accountancy ltd Capital Raised & Share Issues BETA

armstrongs accountancy ltd Companies House Filings - See Documents