2022-11-042024-01-312024-01-31false14462951NORSEMAN EXPLORE 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NORSEMAN EXPLORE LIMITED

Registered Number
14462951
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2024

NORSEMAN EXPLORE LIMITED
Company Information
for the period from 4 November 2022 to 31 January 2024

Directors

NORMAN, Karen Elizabeth
NORMAN, Myles Stewart

Registered Address

The Willows Lynn Road
Walton Highway
Wisbech
PE14 7DF

Registered Number

14462951 (England and Wales)
NORSEMAN EXPLORE LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

£

£

Fixed assets
Tangible assets356,189
56,189
Current assets
Debtors1,779
Cash at bank and on hand22
1,801
Creditors amounts falling due within one year5(50,253)
Net current assets (liabilities)(48,452)
Total assets less current liabilities7,737
Creditors amounts falling due after one year(33,175)
Net assets(25,438)
Capital and reserves
Called up share capital2
Profit and loss account(25,440)
Shareholders' funds(25,438)
The financial statements were approved and authorised for issue by the Board of Directors on 21 March 2024, and are signed on its behalf by:
NORMAN, Karen Elizabeth
Director
NORMAN, Myles Stewart
Director

Registered Company No. 14462951
NORSEMAN EXPLORE LIMITED
Notes to the Financial Statements
for the period ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors have reviewed the financial position of the company and they are of the consideration that the company will continue trading as a going concern.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation

Reducing balance (%)Straight line (years)
Plant and machinery-3
Vehicles20-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Total

£
Cost or valuation
Additions65,500
At 31 January 2465,500
Depreciation and impairment
Charge for year9,311
At 31 January 249,311
Net book value
At 31 January 2456,189
At 03 November 22-
4.Debtors: amounts due within one year

2024

£
Other debtors492
Prepayments and accrued income1,287
Total1,779
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables9,543
Finance lease and HP contracts14,301
Other creditors26,409
Total50,253
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
NORMAN, Myles Stewart013,38313,776(393)
013,38313,776(393)