ARMOUR HOME ELECTRONICS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ARMOUR HOME ELECTRONICS LIMITED 2005-04-28 → present
2. VEDA PRODUCTS LIMITED 1980-11-28 → 2005-04-28

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ensors Accountants LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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.”

Group structure

1. ARMOUR HOME ELECTRONICS LIMITED · parent
   1. AHE123 Limited (Formerly Alphason Designs Limited) 100% · England & Wales · Dormant
   2. Armour Hong Kong Limited 100% · Hong Kong · Design, Manufacture & supply of Hi-Fi products
   3. Goldring Products 100% · England & Wales · Dormant
   4. Myryad Systems Limited 100% · England & Wales · Dormant
   5. QED Audio Products Limited 100% · England & Wales · Dormant

Significant events

• “The wider world environment continued to be challenging with considerable uncertainty impacting consumer confidence, although the key sales variance was the discontinuance of the iFi distribution arrangements from October 2023 that resulted in a £0.9m fall in sales in the year.”
• “In the year we incurred £159.5k of exceptional costs relating to professional fees in respect of refinancing the business and professional fees relating to a successful defence of an HMRC R&D Tax investigation.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -6.7%

  £11,862,420 → £11,067,154

  lowest in 4 filed years

• Cash

  -19.7%

  £241,103 → £193,496

  lowest in 5 filed years

• Net assets

  -15.3%

  £3,398,218 → £2,877,289

• Employees

  0%

  40 → 40

• Operating profit

  -159.2%

  £475,179 → -£281,242

  lowest in 4 filed years

• Profit before tax

  -765.3%

  £107,609 → -£715,918

  lowest in 5 filed years

• Wages

  +5.3%

  £1,663,322 → £1,751,629

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers