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Registered number: 11348409

Norse Electrical Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Norse Electrical Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Sam Fildes
Alexandru Tudor
REGISTERED OFFICE
Pheasant Walk
Templars Way
Sharnbrook
Bedford
MK44 1PY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11348409
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Norse Electrical Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Norse Electrical Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets252,96937,491
CURRENT ASSETS
Debtors356,00329,159
Cash at bank and in hand5,112996
61,11530,155
CREDITORS: Amounts falling due within one year4143,42173,643
NET CURRENT LIABILITIES(82,306)(43,488)
TOTAL ASSETS LESS CURRENT LIABILITIES(29,337)(5,997)
CREDITORS: Amounts falling due after more than one year523,10338,802
PROVISIONS FOR LIABILITIES AND CHARGES710,0646,010
NET LIABILITIES(62,504)(50,809)
CAPITAL AND RESERVES
Called up share capital844
Profit and loss account(62,508)(50,813)
SHAREHOLDERS' FUNDS(62,504)(50,809)

Norse Electrical Limited

BALANCE SHEET AT 31/03/2024
For the year ending 31/03/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/07/2024 and signed on their behalf by
.............................
Alexandru Tudor
Director
.............................
Sam Fildes
Director

Norse Electrical Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/04/20231,11263,2323,13467,478
Additions-34,40626734,673
Disposals-(3,400)-(3,400)
At 31/03/20241,11294,2383,40198,751
Depreciation
At 01/04/202363126,2943,06229,987
Disposals-(1,966)-(1,966)
For the year12117,47916117,761
At 31/03/202475241,8073,22345,782
Net Book Amounts
At 31/03/202436052,43117852,969
At 31/03/202348136,9387237,491

Norse Electrical Limited

3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors50,02811,222
UK corporation tax-3,502
PAYE control5,94214,208
Other debtors33227
56,00329,159
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT10,239898
Directors current account41,03426,861
Directors current account28,39224,606
Bank Loan5,7175,094
Credit card247-
Hire purchase10,10910,610
Trade creditors46,1784,314
Accruals1,5051,260
143,42173,643
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr3,6369,226
Hire purchase >1yr19,46729,576
23,10338,802
6. EMPLOYEES
20242023
No.No.
Average number of employees55

Norse Electrical Limited

7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation10,0646,010
10,0646,010
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44