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Company Registration No. 653991 (England and Wales)
Norvett Electronics Limited Unaudited accounts for the year ended 31 March 2024
Norvett Electronics Limited Unaudited accounts Contents
Page
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Norvett Electronics Limited Company Information for the year ended 31 March 2024
Directors
Mr M J Norman Mrs C J Norman
Secretary
Mrs C J Norman
Company Number
653991 (England and Wales)
Registered Office
1 North Street Alfriston Polegate East Sussex BN26 5UG
Accountants
Maiden Accountancy Services 95 Seaside Road Eastbourne East Sussex BN21 3PL
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Norvett Electronics Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
61,051 
71,251 
Current assets
Debtors
33,445 
63,445 
Cash at bank and in hand
46,596 
10,725 
80,041 
74,170 
Creditors: amounts falling due within one year
(15,200)
(19,600)
Net current assets
64,841 
54,570 
Total assets less current liabilities
125,892 
125,821 
Creditors: amounts falling due after more than one year
(43)
- 
Net assets
125,849 
125,821 
Capital and reserves
Called up share capital
2,253 
2,253 
Revaluation reserve
1,901 
1,901 
Profit and loss account
121,695 
121,667 
Shareholders' funds
125,849 
125,821 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Mr M J Norman Director Company Registration No. 653991
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Norvett Electronics Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Norvett Electronics Limited is a private company, limited by shares, registered in England and Wales, registration number 653991. The registered office is 1 North Street, Alfriston, Polegate, East Sussex, BN26 5UG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
71,251 
Disposals
(10,200)
Valuation at 31 March 2024
61,051 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,445 
63,445 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
15,200 
19,600 
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Norvett Electronics Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
43 
- 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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