Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 06703298 Mr Stephen Hepworth Mrs Wendy Hepworth Mrs Wendy Hepworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06703298 2023-02-28 06703298 2024-02-28 06703298 2023-03-01 2024-02-28 06703298 frs-core:CurrentFinancialInstruments 2024-02-28 06703298 frs-core:Non-currentFinancialInstruments 2024-02-28 06703298 frs-core:ComputerEquipment 2024-02-28 06703298 frs-core:ComputerEquipment 2023-03-01 2024-02-28 06703298 frs-core:ComputerEquipment 2023-02-28 06703298 frs-core:MotorVehicles 2024-02-28 06703298 frs-core:MotorVehicles 2023-03-01 2024-02-28 06703298 frs-core:MotorVehicles 2023-02-28 06703298 frs-core:PlantMachinery 2024-02-28 06703298 frs-core:PlantMachinery 2023-03-01 2024-02-28 06703298 frs-core:PlantMachinery 2023-02-28 06703298 frs-core:ShareCapital 2024-02-28 06703298 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 06703298 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 06703298 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 06703298 frs-bus:SmallEntities 2023-03-01 2024-02-28 06703298 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 06703298 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 06703298 frs-bus:Director1 2023-03-01 2024-02-28 06703298 frs-bus:Director2 2023-03-01 2024-02-28 06703298 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 06703298 frs-countries:EnglandWales 2023-03-01 2024-02-28 06703298 2022-02-28 06703298 2023-02-28 06703298 2022-03-01 2023-02-28 06703298 frs-core:CurrentFinancialInstruments 2023-02-28 06703298 frs-core:Non-currentFinancialInstruments 2023-02-28 06703298 frs-core:ShareCapital 2023-02-28 06703298 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06703298
Norton Interiors Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
CCF Accountancy Limited
Chartered Certified Accountants & Chartered Tax Advisers
20 Victoria Avenue
Harrogate
HG1 5QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06703298
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,524 55,489
72,524 55,489
CURRENT ASSETS
Stocks 5 106,000 130,000
Debtors 6 66,891 11,976
Cash at bank and in hand 21,793 -
194,684 141,976
Creditors: Amounts Falling Due Within One Year 7 (314,735 ) (279,119 )
NET CURRENT ASSETS (LIABILITIES) (120,051 ) (137,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,527 ) (81,654 )
Creditors: Amounts Falling Due After More Than One Year 8 (124,359 ) (138,391 )
NET LIABILITIES (171,886 ) (220,045 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (171,888 ) (220,047 )
SHAREHOLDERS' FUNDS (171,886) (220,045)
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For the year ending 28 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Hepworth
Director
18/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Norton Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06703298 . The registered office is Unit 1 Windmill Farm Business Park, Wetherby Road Boroughbridge, York, North Yorkshire, YO51 9JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 33.33% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 4)
10 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 25,018 73,900 12,231 111,149
Additions - 42,902 483 43,385
Disposals - (2,500 ) - (2,500 )
As at 28 February 2024 25,018 114,302 12,714 152,034
Depreciation
As at 1 March 2023 20,799 24,857 10,004 55,660
Provided during the period 1,055 22,517 903 24,475
Disposals - (625 ) - (625 )
As at 28 February 2024 21,854 46,749 10,907 79,510
Net Book Value
As at 28 February 2024 3,164 67,553 1,807 72,524
As at 1 March 2023 4,219 49,043 2,227 55,489
5. Stocks
2024 2023
£ £
Stock 85,000 100,000
Work in progress 21,000 30,000
106,000 130,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,574 6,461
Other debtors 23,317 5,515
66,891 11,976
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,081 15,975
Trade creditors 121,107 83,554
Bank loans and overdrafts 26,772 33,243
Other creditors 100,870 139,075
Taxation and social security 39,905 7,272
314,735 279,119
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,280 37,760
Bank loans 79,079 100,631
124,359 138,391
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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