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REGISTERED NUMBER: 11161052 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

NORRIS ENGINEERING DESIGNS LTD

NORRIS ENGINEERING DESIGNS LTD (REGISTERED NUMBER: 11161052)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORRIS ENGINEERING DESIGNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: J Norris
Mrs C L Norris





SECRETARY:





REGISTERED OFFICE: 58 Bryn Road
Llanelli
United Kingdom
SA15 2LN





REGISTERED NUMBER: 11161052 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

NORRIS ENGINEERING DESIGNS LTD (REGISTERED NUMBER: 11161052)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,000

CURRENT ASSETS
Debtors 5 9,366 22,108

CREDITORS
Amounts falling due within one year 6 21,065 13,704
NET CURRENT (LIABILITIES)/ASSETS (11,699 ) 8,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,699

)

13,404

CREDITORS
Amounts falling due after more than one
year

7

21,666

34,600
NET LIABILITIES (33,365 ) (21,196 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (33,367 ) (21,198 )
(33,365 ) (21,196 )

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:



J Norris - Director


NORRIS ENGINEERING DESIGNS LTD (REGISTERED NUMBER: 11161052)

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

1. STATUTORY INFORMATION

Norris Engineering Designs Ltd 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.
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

NORRIS ENGINEERING DESIGNS LTD (REGISTERED NUMBER: 11161052)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 February 2021
and 31 January 2022 20,000
DEPRECIATION
At 1 February 2021 15,000
Charge for year 5,000
At 31 January 2022 20,000
NET BOOK VALUE
At 31 January 2022 -
At 31 January 2021 5,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 8,578 14,578
Directors' loan accounts - 7,530
VAT 788 -
9,366 22,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 14,192 11,615
Social security and other taxes - 220
VAT - 618
Directors' loan accounts 6,373 -
Accrued expenses 500 1,251
21,065 13,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other loans - 2-5 years 21,666 25,000
Hire purchase contracts - 9,600
21,666 34,600