Caseware UK (AP4) 2022.0.179 2022.0.179 2023-11-242023-11-24The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-26falseManufacturer1412truetruefalse 06793019 2022-11-26 2023-11-24 06793019 2021-11-27 2022-11-25 06793019 2023-11-24 06793019 2022-11-25 06793019 c:Director3 2022-11-26 2023-11-24 06793019 d:PlantMachinery 2022-11-26 2023-11-24 06793019 d:PlantMachinery 2023-11-24 06793019 d:PlantMachinery 2022-11-25 06793019 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-26 2023-11-24 06793019 d:MotorVehicles 2022-11-26 2023-11-24 06793019 d:MotorVehicles 2023-11-24 06793019 d:MotorVehicles 2022-11-25 06793019 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-26 2023-11-24 06793019 d:FurnitureFittings 2022-11-26 2023-11-24 06793019 d:FurnitureFittings 2023-11-24 06793019 d:FurnitureFittings 2022-11-25 06793019 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-26 2023-11-24 06793019 d:OwnedOrFreeholdAssets 2022-11-26 2023-11-24 06793019 d:CurrentFinancialInstruments 2023-11-24 06793019 d:CurrentFinancialInstruments 2022-11-25 06793019 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-24 06793019 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-25 06793019 d:ShareCapital 2023-11-24 06793019 d:ShareCapital 2022-11-25 06793019 d:RetainedEarningsAccumulatedLosses 2023-11-24 06793019 d:RetainedEarningsAccumulatedLosses 2022-11-25 06793019 d:AcceleratedTaxDepreciationDeferredTax 2023-11-24 06793019 d:AcceleratedTaxDepreciationDeferredTax 2022-11-25 06793019 c:FRS102 2022-11-26 2023-11-24 06793019 c:AuditExempt-NoAccountantsReport 2022-11-26 2023-11-24 06793019 c:FullAccounts 2022-11-26 2023-11-24 06793019 c:PrivateLimitedCompanyLtd 2022-11-26 2023-11-24 06793019 d:WithinOneYear 2023-11-24 06793019 d:WithinOneYear 2022-11-25 06793019 d:BetweenOneFiveYears 2023-11-24 06793019 d:BetweenOneFiveYears 2022-11-25 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-11-24 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2022-11-25 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-11-24 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2022-11-25 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-11-24 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2022-11-25 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:MoreThanFiveYears 2023-11-24 06793019 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:MoreThanFiveYears 2022-11-25 06793019 e:PoundSterling 2022-11-26 2023-11-24 iso4217:GBP xbrli:pure
Registered number: 06793019









NANOFLAM LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 24 NOVEMBER 2023

 
NANOFLAM LIMITED
REGISTERED NUMBER: 06793019

BALANCE SHEET
AS AT 24 NOVEMBER 2023

24 November
25 November
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
152,514
209,664

Investments
 5 
5,923
5,923

  
158,437
215,587

Current assets
  

Stocks
 6 
1,110,467
1,293,317

Debtors: amounts falling due within one year
 7 
2,093,551
1,973,735

Cash at bank and in hand
  
1,310,024
1,203,009

  
4,514,042
4,470,061

Creditors: amounts falling due within one year
 8 
(1,685,178)
(1,567,776)

Net current assets
  
 
 
2,828,864
 
 
2,902,285

Total assets less current liabilities
  
2,987,301
3,117,872

Provisions for liabilities
  

Deferred tax
 9 
(13,621)
(39,178)

Net assets
  
2,973,680
3,078,694


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
2,973,480
3,078,494

  
2,973,680
3,078,694


Page 1

 
NANOFLAM LIMITED
REGISTERED NUMBER: 06793019

BALANCE SHEET (CONTINUED)
AS AT 24 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2024.




M Hamilton
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

1.


General information

Nanoflam Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 06793019. The address of the registered office is Riverside Industrial Estate, Estuary Road, King's Lynn, Norfolk, PE30 2HS.
The financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are continually assessing the impact of the current economic climate. They have not encountered any significant adverse impacts as a result, and have traded profitably. Therefore, the directors deem it appropriate to prepare the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Research and development

All research and development cost is expensed as incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10 years
Motor vehicles
-
4 years
Fixtures and fittings
-
5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of associates and joint ventures

Investments in associates and joint ventures are measured at cost less accumulated impairment.

Page 5

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 14 (2022 - 12).

Page 6

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 26 November 2022
495,576
54,126
66,252
615,954



At 24 November 2023

495,576
54,126
66,252
615,954



Depreciation


At 26 November 2022
320,019
27,064
59,207
406,290


Charge for the period on owned assets
41,270
13,532
2,348
57,150



At 24 November 2023

361,289
40,596
61,555
463,440



Net book value



At 24 November 2023
134,287
13,530
4,697
152,514



At 25 November 2022
175,557
27,062
7,045
209,664


5.


Fixed asset investments








Investment in joint ventures

£



Cost or valuation


At 26 November 2022
5,923



At 24 November 2023
5,923




Page 7

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

6.


Stocks

24 November
25 November
2023
2022
£
£

Raw materials
887,286
1,105,949

Finished goods
223,181
187,368

1,110,467
1,293,317



7.


Debtors

24 November
25 November
2023
2022
£
£


Trade debtors
1,669,904
1,854,928

Amounts owed by joint ventures and associated undertakings
127,657
77,328

Other debtors
46,947
29,510

Prepayments and accrued income
249,043
11,969

2,093,551
1,973,735



8.


Creditors: Amounts falling due within one year

24 November
25 November
2023
2022
£
£

Trade creditors
1,476,590
1,292,253

Amounts owed to group undertakings
86,873
86,873

Corporation tax
-
91,214

Other taxation and social security
16,789
13,871

Other creditors
67,150
32,597

Accruals and deferred income
37,776
50,968

1,685,178
1,567,776


Page 8

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

9.


Deferred taxation






2023


£






At beginning of year
39,178


Charged to profit or loss
(25,557)



At end of year
13,621

The provision for deferred taxation is made up as follows:

24 November
25 November
2023
2022
£
£


Accelerated capital allowances
13,621
39,178


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £58,029 (2022 - £35,930).
Contributions totalling £3,299 (2022 - £2,204) were payable to the fund at the reporting date and are
included in creditors.

Page 9

 
NANOFLAM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023

11.


Commitments under operating leases

At 24 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

24 November
25 November
2023
2022
£
£

Land and buildings


Not later than 1 year
60,000
60,000

Later than 1 year and not later than 5 years
40,000
100,000

100,000
160,000

24 November
25 November
2023
2022

£
£

Other


Not later than 1 year
27,862
20,462

Later than 1 year and not later than 5 years
88,751
33,927

Later than 5 years
661
-

117,274
54,389


12.


Controlling party

The ultimate parent undertaking is Nanoflam Holdings Limited by virtue of its shareholding in the
Company.
By virtue of his direct shareholding and those held by his close family, the directors deem M Littlewood to
be the ultimate controlling party.


Page 10