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REGISTERED NUMBER: 12037569 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE NORTON OWNERS CLUB LIMITED

THE NORTON OWNERS CLUB LIMITED (REGISTERED NUMBER: 12037569)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE NORTON OWNERS CLUB LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Timothy John Harrison
Anthony John Ripley
Peter Mowbray Scatchard
Neil Lambert Shoosmith
Paul Raymond Smith
Richard Thomas





SECRETARY: Alan Clarke





REGISTERED OFFICE: 4 North Courtyard
Dunston Business Village
Stafford
Staffordshire
ST18 9FJ





REGISTERED NUMBER: 12037569 (England and Wales)

THE NORTON OWNERS CLUB LIMITED (REGISTERED NUMBER: 12037569)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,915 7,886
Property, plant and equipment 5 2,979 3,988
8,894 11,874

CURRENT ASSETS
Inventories 122,886 116,861
Debtors 6 30,294 22,194
Cash at bank and in hand 251,724 270,780
404,904 409,835
CREDITORS
Amounts falling due within one year 7 8,423 23,695
NET CURRENT ASSETS 396,481 386,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,375

398,014

RESERVES
Capital redemption reserve 371,202 371,202
Retained earnings 34,173 26,812
405,375 398,014

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

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

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 22 August 2024 and were signed on its behalf by:



Paul Raymond Smith - Director


THE NORTON OWNERS CLUB LIMITED (REGISTERED NUMBER: 12037569)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Norton Owners Club Limited is a private company, limited by guarantee, 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment
losses. Amortisation is provided on all Intangible fixed assets, as follows:

Computer Software25% on Reducing balance method

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, as follows:

Plant and machinery25% on Reducing balance method
Fixtures and fittings25% on Reducing balance method
Motor vehicles25% on Reducing balance method
Computer equipment25% on Reducing balance method

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

3. EMPLOYEES AND DIRECTORS

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

THE NORTON OWNERS CLUB LIMITED (REGISTERED NUMBER: 12037569)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 12,914
AMORTISATION
At 1 January 2023 5,028
Charge for year 1,971
At 31 December 2023 6,999
NET BOOK VALUE
At 31 December 2023 5,915
At 31 December 2022 7,886

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 744 23,385 11,700 44,597 80,426
DEPRECIATION
At 1 January 2023 645 22,283 10,139 43,371 76,438
Charge for year 99 275 390 245 1,009
At 31 December 2023 744 22,558 10,529 43,616 77,447
NET BOOK VALUE
At 31 December 2023 - 827 1,171 981 2,979
At 31 December 2022 99 1,102 1,561 1,226 3,988

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,702 2,981
VAT 25,592 19,213
30,294 22,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,423 21,235
Other creditors - 2,460
8,423 23,695