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REGISTERED NUMBER: 09395314 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

NORWICH ALUMINIUM LIMITED

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORWICH ALUMINIUM LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A J Warren





SECRETARY:





REGISTERED OFFICE: 27 White Lodge Business Estate
Norwich
Norfolk
NR4 6DG





REGISTERED NUMBER: 09395314 (England and Wales)





ACCOUNTANTS: Quinneys
Chartered Certified Accountants
Saxon House
Hellesdon Park Road
Norwich
Norfolk
NR6 5DR

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522,376 593,598

CURRENT ASSETS
Stocks 1,463,382 1,132,645
Debtors 5 531,333 670,633
Cash at bank 171,756 119,819
2,166,471 1,923,097
CREDITORS
Amounts falling due within one year 6 1,627,022 1,579,623
NET CURRENT ASSETS 539,449 343,474
TOTAL ASSETS LESS CURRENT LIABILITIES 1,061,825 937,072

CREDITORS
Amounts falling due after more than one
year

7

(334,120

)

(425,991

)

PROVISIONS FOR LIABILITIES (70,303 ) (80,863 )
NET ASSETS 657,402 430,218

CAPITAL AND RESERVES
Called up share capital 96 96
Capital redemption reserve (13,996 ) (13,996 )
Retained earnings 671,302 444,118
SHAREHOLDERS' FUNDS 657,402 430,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

Balance Sheet - continued
31 JANUARY 2024


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 director and authorised for issue on 4 October 2024 and were signed by:





A J Warren - Director


NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Norwich Aluminium 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 20% 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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 35 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 71,671 1,112,121 1,183,792
Additions - 393,906 393,906
Disposals - (311,378 ) (311,378 )
At 31 January 2024 71,671 1,194,649 1,266,320
DEPRECIATION
At 1 February 2023 68,584 521,610 590,194
Charge for year 1,057 196,797 197,854
Eliminated on disposal - (44,104 ) (44,104 )
At 31 January 2024 69,641 674,303 743,944
NET BOOK VALUE
At 31 January 2024 2,030 520,346 522,376
At 31 January 2023 3,087 590,511 593,598

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 398,744
Additions 205,016
Disposals (131,190 )
Transfer to ownership (97,605 )
Reclassification/transfer 84,484
At 31 January 2024 459,449
DEPRECIATION
At 1 February 2023 148,871
Charge for year 27,972
Transfer to ownership (30,000 )
At 31 January 2024 146,843
NET BOOK VALUE
At 31 January 2024 312,606
At 31 January 2023 249,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 372,570 412,217
Amounts owed by associates - 121,591
Other debtors 158,763 136,825
531,333 670,633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,258 53,532
Hire purchase contracts 101,480 83,375
Trade creditors 582,683 755,643
Taxation and social security 142,868 77,810
Other creditors 739,733 609,263
1,627,022 1,579,623

NORWICH ALUMINIUM LIMITED (REGISTERED NUMBER: 09395314)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 67,684 134,667
Hire purchase contracts 223,107 245,509
Other creditors 43,329 45,815
334,120 425,991

8. ULTIMATE CONTROLLING PARTY

The controlling party is A J Warren.