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REGISTERED NUMBER: 03642624 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Norton Lamps Limited

Norton Lamps Limited (Registered number: 03642624)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Norton Lamps Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: B L Haywood
Mrs A S J Haywood





SECRETARY: B L Haywood





REGISTERED OFFICE: Unit 3, The Ferry Point
Ferry Lane
Shepperton
Middlesex
TW17 9LQ





REGISTERED NUMBER: 03642624 (England and Wales)





ACCOUNTANT: Robert Thorne FCCA
Chartered Certified Accountant
The Annex
143 - 145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Norton Lamps Limited (Registered number: 03642624)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,374 2

CURRENT ASSETS
Stocks 5,965 5,965
Debtors 5 1,291 1,058
Cash at bank and in hand 74 557
7,330 7,580
CREDITORS
Amounts falling due within one year 6 4,552 1,876
NET CURRENT ASSETS 2,778 5,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,152

5,706

CREDITORS
Amounts falling due after more than one
year

7

304,731

283,823
NET LIABILITIES (300,579 ) (278,117 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (300,581 ) (278,119 )
SHAREHOLDERS' FUNDS (300,579 ) (278,117 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Norton Lamps Limited (Registered number: 03642624)

Balance Sheet - continued
31 March 2023


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 29 March 2024 and were signed on its behalf by:





B L Haywood - Director


Norton Lamps Limited (Registered number: 03642624)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Norton Lamps Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Norton Lamps Limited (Registered number: 03642624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 4,348 1,305 9,024 14,677
Additions - - 1,704 1,704
At 31 March 2023 4,348 1,305 10,728 16,381
DEPRECIATION
At 1 April 2022 4,347 1,304 9,024 14,675
Charge for year - - 332 332
At 31 March 2023 4,347 1,304 9,356 15,007
NET BOOK VALUE
At 31 March 2023 1 1 1,372 1,374
At 31 March 2022 1 1 - 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 116 116
Other debtors 1,175 942
1,291 1,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 2,776 -
Trade creditors - 600
Other creditors 776 776
Accruals and deferred income 1,000 500
4,552 1,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Directors' loan accounts 304,731 283,823

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors and sole shareholders Mr and Mrs B L Haywood.

9. SUBORDINATION OF DIRECTORS LOANS

Included in other creditors is an amount of £304,731 (2022 £283,823) owed to the directors. The directors have formally sub-ordinated this loan to the claims of all other creditors of the company.