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Company Registration No. 00372302 (England and Wales)
Norton Plastics limited Unaudited accounts for the year ended 31 March 2024
Norton Plastics limited Unaudited accounts Contents
Page
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Norton Plastics limited Company Information for the year ended 31 March 2024
Directors
Stephen Moore
Company Number
00372302 (England and Wales)
Registered Office
Unit 2 Belfield Street Ilkeston Derbyshire DE7 8DU United Kingdom
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Norton Plastics limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
525,054 
556,368 
Current assets
Inventories
160,989 
98,700 
Debtors
238,706 
207,291 
Cash at bank and in hand
123,775 
44,817 
523,470 
350,808 
Creditors: amounts falling due within one year
(305,441)
(237,117)
Net current assets
218,029 
113,691 
Total assets less current liabilities
743,083 
670,059 
Creditors: amounts falling due after more than one year
(150,563)
(165,848)
Provisions for liabilities
Deferred tax
(16,081)
(19,859)
Net assets
576,439 
484,352 
Capital and reserves
Called up share capital
4,000 
4,000 
Revaluation reserve
49,439 
49,439 
Fair value reserve
85,558 
85,558 
Capital contribution reserve
4,000 
4,000 
Profit and loss account
433,442 
341,355 
Shareholders' funds
576,439 
484,352 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by
Stephen Moore Director Company Registration No. 00372302
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Norton Plastics limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Norton Plastics limited is a private company, limited by shares, registered in England and Wales, registration number 00372302. The registered office is Unit 2, Belfield Street, Ilkeston, Derbyshire, DE7 8DU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
10% straight line
Fixtures & fittings
10% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
600,000 
690,765 
6,145 
1,296,910 
Additions
- 
2,132 
- 
2,132 
At 31 March 2024
600,000 
692,897 
6,145 
1,299,042 
Depreciation
At 1 April 2023
147,583 
587,660 
5,299 
740,542 
Charge for the year
12,000 
21,049 
397 
33,446 
At 31 March 2024
159,583 
608,709 
5,696 
773,988 
Net book value
At 31 March 2024
440,417 
84,188 
449 
525,054 
At 31 March 2023
452,417 
103,105 
846 
556,368 
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Norton Plastics limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,362 
6,413 
Trade debtors
209,489 
183,753 
Accrued income and prepayments
17,855 
17,125 
238,706 
207,291 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,554 
26,678 
Obligations under finance leases and hire purchase contracts
8,427 
8,283 
Trade creditors
180,632 
162,605 
Taxes and social security
72,793 
17,758 
Other creditors
168 
763 
Accruals
20,867 
21,030 
305,441 
237,117 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
144,552 
165,848 
Obligations under finance leases and hire purchase contracts
6,011 
- 
150,563 
165,848 
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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