Registered number
11073049
NORTECH TECHNOLOGIES LTD.
Filleted Accounts
30 November 2023
NORTECH TECHNOLOGIES LTD.
Registered number: 11073049
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 977 1,303
Current assets
Debtors 4 1,543 1,543
Cash at bank and in hand 8,070 1
9,613 1,544
Creditors: amounts falling due within one year 5 (48,011) (43,010)
Net current liabilities (38,398) (41,466)
Net liabilities (37,421) (40,163)
Capital and reserves
Called up share capital 1 1
Profit and loss account (37,422) (40,164)
Shareholder's funds (37,421) (40,163)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M I Hossain
Director
Approved by the board on 25 August 2024
NORTECH TECHNOLOGIES LTD.
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% per annum
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 2,917
At 30 November 2023 2,917
Depreciation
At 1 December 2022 1,614
Charge for the year 326
At 30 November 2023 1,940
Net book value
At 30 November 2023 977
At 30 November 2022 1,303
4 Debtors 2023 2022
£ £
Other debtors 1,543 1,543
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 11,136
Trade creditors 1,912 1,912
Taxation and social security costs (127) (847)
Other creditors 46,226 30,809
48,011 43,010
6 Other information
NORTECH TECHNOLOGIES LTD. is a private company limited by shares and incorporated in England. Its registered office is:
34 Beverley Gardens
Southend-on-sea
Essex
England
SS2 6RS
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