NORTON INDUSTRIAL DOORS LIMITED

Company Registration Number:
04721991 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

NORTON INDUSTRIAL DOORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

NORTON INDUSTRIAL DOORS LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 131,551 71,572
Total fixed assets: 131,551 71,572
Current assets
Stocks: 137,311 121,227
Debtors:   363,986 273,271
Cash at bank and in hand: 65,673 110,140
Total current assets: 566,970 504,638
Creditors: amounts falling due within one year:   (435,887) (470,815)
Net current assets (liabilities): 131,083 33,823
Total assets less current liabilities: 262,634 105,395
Creditors: amounts falling due after more than one year: 4 (173,044) (154,390)
Total net assets (liabilities): 89,590 (48,995)
Capital and reserves
Called up share capital: 42,500 42,500
Profit and loss account: 47,090 (91,495)
Shareholders funds: 89,590 (48,995)

The notes form part of these financial statements

NORTON INDUSTRIAL DOORS LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 November 2023
and signed on behalf of the board by:

Name: LS Gardner
Status: Director

The notes form part of these financial statements

NORTON INDUSTRIAL DOORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The value, net of VAT, of goods and services of a single class of business was £3,396,851 (2022 £3,190,603)

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, on the straight line basis.Buildings 10%Furniture & Equipment 20%Plant & Machinery 20%Vehicles 25%

NORTON INDUSTRIAL DOORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 26 26

NORTON INDUSTRIAL DOORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 219,067
Additions 98,778
Disposals (56,347)
At 30 April 2023 261,498
Depreciation
At 01 May 2022 147,495
Charge for year 38,799
On disposals (56,347)
At 30 April 2023 129,947
Net book value
At 30 April 2023 131,551
At 30 April 2022 71,572

NORTON INDUSTRIAL DOORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due after more than one year note

In July 2020 the company secured a loan under the government backed Coronavirus BusinessInterruption Loan scheme for £150,000, repayable over 5 years.