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REGISTERED NUMBER: 09395314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

NORWICH ALUMINIUM LIMITED

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORWICH ALUMINIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: A J Warren





SECRETARY:





REGISTERED OFFICE: C/o M A Partners LLP
7 The Close
Norwich
Norfolk
NR1 4DP





REGISTERED NUMBER: 09395314 (England and Wales)





ACCOUNTANTS: Quinneys
Chartered Certified Accountants
Saxon House
Hellesdon Park Road
Norwich
Norfolk
NR6 5DR

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 465,768 567,173

CURRENT ASSETS
Stocks 750,439 601,074
Debtors 5 465,287 528,204
Cash at bank 154,784 97,697
1,370,510 1,226,975
CREDITORS
Amounts falling due within one year 6 1,053,934 984,105
NET CURRENT ASSETS 316,576 242,870
TOTAL ASSETS LESS CURRENT LIABILITIES 782,344 810,043

CREDITORS
Amounts falling due after more than one
year

7

(369,469

)

(378,779

)

PROVISIONS FOR LIABILITIES (87,708 ) (106,774 )
NET ASSETS 325,167 324,490

CAPITAL AND RESERVES
Called up share capital 96 96
Capital redemption reserve (13,996 ) (13,996 )
Retained earnings 339,067 338,390
SHAREHOLDERS' FUNDS 325,167 324,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

BALANCE SHEET - continued
31 JANUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2022 and were signed by:





A J Warren - Director


NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Norwich Aluminium Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2021 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2021 71,671 803,910 875,581
Additions - 33,921 33,921
Disposals - (12,000 ) (12,000 )
At 31 January 2022 71,671 825,831 897,502
DEPRECIATION
At 1 February 2021 66,471 241,937 308,408
Charge for year 1,057 131,135 132,192
Eliminated on disposal - (8,866 ) (8,866 )
At 31 January 2022 67,528 364,206 431,734
NET BOOK VALUE
At 31 January 2022 4,143 461,625 465,768
At 31 January 2021 5,200 561,973 567,173

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2021 205,154
Additions 18,250
At 31 January 2022 223,404
DEPRECIATION
At 1 February 2021 68,246
Charge for year 37,487
At 31 January 2022 105,733
NET BOOK VALUE
At 31 January 2022 117,671
At 31 January 2021 136,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 225,427 469,699
Amounts owed by associates 113,976 25,000
Other debtors 125,884 33,505
465,287 528,204

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 15,273 14,480
Hire purchase contracts 28,988 34,734
Trade creditors 435,878 341,644
Taxation and social security 39,385 47,819
Other creditors 534,410 545,428
1,053,934 984,105

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 49,076 64,349
Hire purchase contracts 56,705 72,698
Other creditors 263,688 241,732
369,469 378,779

8. ULTIMATE CONTROLLING PARTY

The controlling party is A J Warren.