NORTONS GROUP LTD

Company Registration Number:
15082674 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 18 August 2023

End date: 31 August 2024

NORTONS GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NORTONS GROUP LTD

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Directors

The director shown below has held office during the whole of the period from
18 August 2023 to 31 August 2024

Craig Norton


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 September 2024

And signed on behalf of the board by:
Name: Craig Norton
Status: Director

NORTONS GROUP LTD

Profit And Loss Account

for the Period Ended 31 August 2024

2024


£
Turnover: 1,351,062
Cost of sales: ( 846,140 )
Gross profit(or loss): 504,922
Distribution costs: ( 3,210 )
Administrative expenses: ( 286,505 )
Operating profit(or loss): 215,207
Profit(or loss) before tax: 215,207
Tax: ( 53,279 )
Profit(or loss) for the financial year: 161,928

NORTONS GROUP LTD

Balance sheet

As at 31 August 2024

Notes 2024


£
Called up share capital not paid: 1
Fixed assets
Tangible assets: 3 392,726
Total fixed assets: 392,726
Current assets
Stocks: 4 212,164
Debtors: 5 189,223
Cash at bank and in hand: 208,648
Total current assets: 610,035
Creditors: amounts falling due within one year: 6 ( 161,103 )
Net current assets (liabilities): 448,932
Total assets less current liabilities: 841,659
Total net assets (liabilities): 841,659
Capital and reserves
Called up share capital: 1
Profit and loss account: 841,658
Total Shareholders' funds: 841,659

The notes form part of these financial statements

NORTONS GROUP LTD

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 September 2024
and signed on behalf of the board by:

Name: Craig Norton
Status: Director

The notes form part of these financial statements

NORTONS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

NORTONS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024
    Average number of employees during the period 20

NORTONS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 275,630 25,414 26,579 28,307 62,872 418,802
Disposals
Revaluations
Transfers
At 31 August 2024 275,630 25,414 26,579 28,307 62,872 418,802
Depreciation
Charge for year 1,210 4,430 4,718 15,718 26,076
On disposals
Other adjustments
At 31 August 2024 1,210 4,430 4,718 15,718 26,076
Net book value
At 31 August 2024 275,630 24,204 22,149 23,589 47,154 392,726

NORTONS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024
£
Stocks 212,164
Total 212,164

NORTONS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024
£
Trade debtors 189,223
Total 189,223

NORTONS GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024
£
Trade creditors 21,991
Taxation and social security 139,112
Total 161,103