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REGISTERED NUMBER: 02737572 (England and Wales)













NORTECH CONTROL SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






NORTECH CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02737572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NORTECH CONTROL SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S J Blackler
R J Coppock
E J T Blackler
M A Hafiz





REGISTERED OFFICE: Nortech House
William Brown Close
Llantarnam Industrial Park
Cwmbran
Torfaen
NP44 3AB





REGISTERED NUMBER: 02737572 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

NORTECH CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02737572)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 290 556

CURRENT ASSETS
Stocks 251,173 285,051
Debtors 5 270,973 254,034
Cash at bank and in hand 221,731 358,201
743,877 897,286
CREDITORS
Amounts falling due within one year 6 144,444 174,204
NET CURRENT ASSETS 599,433 723,082
TOTAL ASSETS LESS CURRENT LIABILITIES 599,723 723,638

CREDITORS
Amounts falling due after more than one year 7 13,896 23,896
NET ASSETS 585,827 699,742

CAPITAL AND RESERVES
Called up share capital 8 10,100 10,100
Retained earnings 575,727 689,642
SHAREHOLDERS' FUNDS 585,827 699,742

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

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

NORTECH CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02737572)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th August 2024 and were signed on its behalf by:





S J Blackler - Director


NORTECH CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02737572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Nortech Control Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

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 14 (2022 - 14 ) .

NORTECH CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02737572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023
and 31st December 2023 158,808 68,441 45,764
DEPRECIATION
At 1st January 2023 158,808 68,441 45,764
Charge for year - - -
At 31st December 2023 158,808 68,441 45,764
NET BOOK VALUE
At 31st December 2023 - - -
At 31st December 2022 - - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 19,235 103,284 395,532
DEPRECIATION
At 1st January 2023 19,234 102,729 394,976
Charge for year - 266 266
At 31st December 2023 19,234 102,995 395,242
NET BOOK VALUE
At 31st December 2023 1 289 290
At 31st December 2022 1 555 556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 188,424 202,949
Other debtors 82,549 51,085
270,973 254,034

NORTECH CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02737572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,270 10,270
Trade creditors 57,080 110,398
Taxation and social security 42,763 49,678
Other creditors 34,331 3,858
144,444 174,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,896 23,896

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,100 Ordinary £1 10,100 10,100