IRIS Accounts Production v24.2.0.383 02866756 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028667562022-12-31028667562023-12-31028667562023-01-012023-12-31028667562021-12-31028667562022-01-012022-12-31028667562022-12-3102866756ns15:EnglandWales2023-01-012023-12-3102866756ns14:PoundSterling2023-01-012023-12-3102866756ns10:Director12023-01-012023-12-3102866756ns10:Director22023-01-012023-12-3102866756ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102866756ns10:SmallEntities2023-01-012023-12-3102866756ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102866756ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102866756ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102866756ns10:FullAccounts2023-01-012023-12-310286675612023-01-012023-12-3102866756ns10:Director32023-01-012023-12-3102866756ns10:Director42023-01-012023-12-3102866756ns10:CompanySecretary12023-01-012023-12-3102866756ns10:RegisteredOffice2023-01-012023-12-3102866756ns5:CurrentFinancialInstruments2023-12-3102866756ns5:CurrentFinancialInstruments2022-12-3102866756ns5:Non-currentFinancialInstruments2023-12-3102866756ns5:Non-currentFinancialInstruments2022-12-3102866756ns5:ShareCapital2023-12-3102866756ns5:ShareCapital2022-12-3102866756ns5:RevaluationReserve2023-12-3102866756ns5:RevaluationReserve2022-12-3102866756ns5:RetainedEarningsAccumulatedLosses2023-12-3102866756ns5:RetainedEarningsAccumulatedLosses2022-12-3102866756ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3102866756ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3102866756ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3102866756ns5:LeaseholdImprovements2023-01-012023-12-3102866756ns5:PlantMachinery2023-01-012023-12-3102866756ns5:FurnitureFittings2023-01-012023-12-3102866756ns5:MotorVehicles2023-01-012023-12-3102866756ns5:ComputerEquipment2023-01-012023-12-3102866756ns5:IntangibleAssetsOtherThanGoodwill2022-12-3102866756ns5:IntangibleAssetsOtherThanGoodwill2023-12-3102866756ns5:IntangibleAssetsOtherThanGoodwill2022-12-3102866756ns5:LandBuildings2022-12-3102866756ns5:LeaseholdImprovements2022-12-3102866756ns5:PlantMachinery2022-12-3102866756ns5:LandBuildings2023-01-012023-12-3102866756ns5:LandBuildings2023-12-3102866756ns5:LeaseholdImprovements2023-12-3102866756ns5:PlantMachinery2023-12-3102866756ns5:LandBuildings2022-12-3102866756ns5:LeaseholdImprovements2022-12-3102866756ns5:PlantMachinery2022-12-3102866756ns5:FurnitureFittings2022-12-3102866756ns5:MotorVehicles2022-12-3102866756ns5:ComputerEquipment2022-12-3102866756ns5:FurnitureFittings2023-12-3102866756ns5:MotorVehicles2023-12-3102866756ns5:ComputerEquipment2023-12-3102866756ns5:FurnitureFittings2022-12-3102866756ns5:MotorVehicles2022-12-3102866756ns5:ComputerEquipment2022-12-3102866756ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102866756ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenThreeFourYears2023-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenThreeFourYears2022-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenFive10Years2023-12-3102866756ns5:Non-currentFinancialInstrumentsns5:BetweenFive10Years2022-12-3102866756ns5:Non-currentFinancialInstrumentsns5:After10Years2023-12-3102866756ns5:Non-currentFinancialInstrumentsns5:After10Years2022-12-3102866756ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3102866756ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3102866756ns5:RevaluationReserve2022-12-3102866756ns10:Director222022-12-3102866756ns10:Director222021-12-3102866756ns10:Director222023-01-012023-12-3102866756ns10:Director222022-01-012022-12-3102866756ns10:Director222023-12-3102866756ns10:Director222022-12-3102866756ns10:Director332022-12-3102866756ns10:Director332021-12-3102866756ns10:Director332023-01-012023-12-3102866756ns10:Director332022-01-012022-12-3102866756ns10:Director332023-12-3102866756ns10:Director332022-12-31028667561ns10:Director12022-12-31028667561ns10:Director12021-12-31028667561ns10:Director12023-01-012023-12-31028667561ns10:Director12022-01-012022-12-31028667561ns10:Director12023-12-31028667561ns10:Director12022-12-3102866756ns10:Director442022-12-3102866756ns10:Director442021-12-3102866756ns10:Director442023-01-012023-12-3102866756ns10:Director442022-01-012022-12-3102866756ns10:Director442023-12-3102866756ns10:Director442022-12-31
REGISTERED NUMBER: 02866756 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Numold (UK) Limited

Numold (UK) Limited (Registered number: 02866756)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Numold (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs S A Jones
B R Jones
Miss G E Jones
Miss V L A Jones





SECRETARY: Miss V L A Jones





REGISTERED OFFICE: The Canalside
Merchants Road
Gloucester
GL2 5RG





REGISTERED NUMBER: 02866756 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Numold (UK) Limited (Registered number: 02866756)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 94,014 94,014
Tangible assets 5 1,069,199 1,072,231
1,163,213 1,166,245

CURRENT ASSETS
Stocks 64,140 64,140
Debtors 6 641,530 374,548
Cash at bank and in hand 491 715
706,161 439,403
CREDITORS
Amounts falling due within one year 7 604,328 271,502
NET CURRENT ASSETS 101,833 167,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,046

1,334,146

CREDITORS
Amounts falling due after more than one
year

8

1,036,941

931,343
NET ASSETS 228,105 402,803

CAPITAL AND RESERVES
Called up share capital 396 396
Revaluation reserve 9 776,364 776,364
Retained earnings (548,655 ) (373,957 )
SHAREHOLDERS' FUNDS 228,105 402,803

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.

Numold (UK) Limited (Registered number: 02866756)

Balance Sheet - continued
31 December 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 2 September 2024 and were signed on its behalf by:




Miss G E Jones - Director



B R Jones - Director


Numold (UK) Limited (Registered number: 02866756)

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

1. STATUTORY INFORMATION

Numold (UK) 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.

Turnover
Turnover 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 assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Numold (UK) Limited (Registered number: 02866756)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 109,724
AMORTISATION
At 1 January 2023
and 31 December 2023 15,710
NET BOOK VALUE
At 31 December 2023 94,014
At 31 December 2022 94,014

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,060,000 11,298 358,713
DEPRECIATION
At 1 January 2023 - 10,444 351,428
Charge for year - 85 1,821
At 31 December 2023 - 10,529 353,249
NET BOOK VALUE
At 31 December 2023 1,060,000 769 5,464
At 31 December 2022 1,060,000 854 7,285

Numold (UK) Limited (Registered number: 02866756)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 100,270 37,029 69,890 1,637,200
DEPRECIATION
At 1 January 2023 97,562 36,926 68,609 564,969
Charge for year 677 26 423 3,032
At 31 December 2023 98,239 36,952 69,032 568,001
NET BOOK VALUE
At 31 December 2023 2,031 77 858 1,069,199
At 31 December 2022 2,708 103 1,281 1,072,231

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 379,933 85,269
Other debtors 1,267 1,267
Directors' current accounts 175,512 180,306
Prepayments and accrued income 23,346 43,808
580,058 310,650

Amounts falling due after more than one year:
Tax 61,472 63,898

Aggregate amounts 641,530 374,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 141,111 68,992
Trade creditors 329,751 83,801
Tax 85,523 90,733
Social security and other taxes 33,544 16,588
VAT 5,756 5,009
Other creditors 6,443 4,179
Accrued expenses 2,200 2,200
604,328 271,502

Numold (UK) Limited (Registered number: 02866756)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 18,000 -
HSBC Flexible loan 155,999 -
Loan (700 ) (700 )
Funding Circle Loan 40,960 73,898
Mortgage 71601636 703,349 755,645
Other loans - 2-5 years 72,500 102,500
LDF Loan 46,833 -
1,036,941 931,343

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 776,364

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
B R Jones
Balance outstanding at start of year 30,191 31,388
Amounts repaid (1,710 ) (1,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,481 30,191

Mrs S A Jones
Balance outstanding at start of year 30,191 31,388
Amounts repaid (1,710 ) (1,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,481 30,191

Miss G E Jones
Balance outstanding at start of year 37,074 50,288
Amounts repaid (686 ) (13,214 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,388 37,074

Numold (UK) Limited (Registered number: 02866756)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss V L A Jones
Balance outstanding at start of year 82,849 88,035
Amounts repaid (688 ) (5,186 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,161 82,849