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REGISTERED NUMBER: 00370640 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED

NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED (REGISTERED NUMBER: 00370640)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs L A Piears
A R Bickerstaff





SECRETARY: Mrs L A Piears





REGISTERED OFFICE: Norris House
Challenge Road
Ashford
Middlesex
TW15 1BF





REGISTERED NUMBER: 00370640 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED (REGISTERED NUMBER: 00370640)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,476 32,919
Investment property 5 775,000 775,000
806,476 807,919

CURRENT ASSETS
Debtors 6 1,931 1,764
Cash at bank and in hand 6,816 6,398
8,747 8,162
CREDITORS
Amounts falling due within one year 7 57,820 58,882
NET CURRENT LIABILITIES (49,073 ) (50,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,403

757,199

CAPITAL AND RESERVES
Called up share capital 11,900 11,900
Fair value reserve 8 243,515 243,515
Retained earnings 501,988 501,784
SHAREHOLDERS' FUNDS 757,403 757,199

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 30th October 2024 and were signed on its behalf by:





A R Bickerstaff - Director


NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED (REGISTERED NUMBER: 00370640)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Norris Engineering (Hobs & Cutters) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Other operating income
Other operating income represents the amounts receivable, in the ordinary course of business, from rental income received in accordance with the lease, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over 50 years
Plant and machinery etc - 33% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED (REGISTERED NUMBER: 00370640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 61,499 2,843 64,342
DEPRECIATION
At 1st April 2023 29,325 2,098 31,423
Charge for year 1,224 219 1,443
At 31st March 2024 30,549 2,317 32,866
NET BOOK VALUE
At 31st March 2024 30,950 526 31,476
At 31st March 2023 32,174 745 32,919

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 775,000
NET BOOK VALUE
At 31st March 2024 775,000
At 31st March 2023 775,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2007 243,515
Cost 531,485
775,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 531,485 531,485

Investment property was valued on an open market basis on 31st March 2011 by the directors of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120 -
Other debtors 1,811 1,764
1,931 1,764

NORRIS ENGINEERING (HOBS & CUTTERS)
LIMITED (REGISTERED NUMBER: 00370640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,519 12,133
Other creditors 44,301 46,749
57,820 58,882

8. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 243,515