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Company registration number: 08728041
NORFAD DEVELOPMENTS LTD
Unaudited filleted financial statements
31 October 2023
NORFAD DEVELOPMENTS LTD
Contents
Directors and other information
Statement of financial position and notes to the financial statements
NORFAD DEVELOPMENTS LTD
Directors and other information
Directors N Fada
Mrs S L Fada
Company number 08728041
Registered office 156 Beach Road
South Shields
Tyne and Wear
Business address 156 Beach Road
South Shields
Tyne and Wear
Bankers Lloyds Bank plc
101 King Street
South Shields
Tyne and Wear
NORFAD DEVELOPMENTS LTD
Statement of financial position
31st October 2023
2023 2022
£ £ £ £
Fixed assets 696,844 700,303
_______ _______
Current assets 323,859 300,901
Prepayments and accrued income 2,956 2,863
_______ _______
326,815 303,764
Creditors: amounts falling due within one year ( 27,221) ( 37,981)
_______ _______
Net current assets 299,594 265,783
_______ _______
Total assets less current liabilities 996,438 966,086
Provisions for liabilities ( 3,797) ( 4,454)
Accruals and deferred income ( 2,056) ( 1,511)
_______ _______
Net assets 990,585 960,121
_______ _______
Capital and reserves 990,585 960,121
_______ _______
NORFAD DEVELOPMENTS LTD
Year ended 31st October 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
N Fada ( 19,283) 19,892 ( 1,933) ( 1,324)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
N Fada ( 1,456) 1,005 ( 18,832) ( 19,283)
_______ _______ _______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 02 February 2024 , and are signed on behalf of the board by:
N Fada
Director
Company registration number: 08728041
The company is a private company limited by shares, registered in England and Wales.