10042787falsemanufacture and installation of commercial catering equipment2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10042787

NORDIK LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

NORDIK LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
ANDREW IAN PITTWOOD
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10042787
BANKERS
NATIONAL WESTMINSTER BANK Plc
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

NORDIK LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

NORDIK LIMITED

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2115,78925,306
CURRENT ASSETS
Stock12,40014,120
Debtors4191,144151,440
Cash at bank and in hand49,79847,208
253,342212,768
CREDITORS: Amounts falling due within one year5200,84295,361
NET CURRENT ASSETS52,500117,407
TOTAL ASSETS LESS CURRENT LIABILITIES168,289142,713
CREDITORS: Amounts falling due after more than one year622,56632,540
PROVISIONS FOR LIABILITIES AND CHARGES811,7972,947
NET ASSETS133,926107,226
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account133,826107,126
SHAREHOLDERS' FUNDS133,926107,226
For the year ending 31/03/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2024 and signed on their behalf by
.............................
ANDREW IAN PITTWOOD
Director

NORDIK LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Commercial Vehiclesstraight line10%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.

NORDIK LIMITED

1f. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/04/202342,4321,2002,76446,396
Additions94,883--94,883
Disposals(1,400)-(400)(1,800)
At 31/03/2024135,9151,2002,364139,479
Depreciation
At 01/04/202320,00089020021,090
Disposals(1,400)-(400)(1,800)
For the year4,070902404,400
At 31/03/202422,6709804023,690
Net Book Amounts
At 31/03/2024113,2452202,324115,789
At 31/03/202322,4323102,56425,306
3. STOCK 20242023
££
Stock comprises:
Stock raw materials12,40014,120
12,40014,120
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors185,269145,877
Salaries and wages control2,443233
Prepayments570596
Directors current account2,8624,734
191,144151,440

NORDIK LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,68918,646
VAT9639,877
PAYE control19,29115,366
Trade creditors155,33148,232
Accruals3,5683,240
200,84295,361
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
National Westminster Bank Plc - Bounce back loan >1yr22,56632,540
22,56632,540
7. EMPLOYEES
20242023
No.No.
Average number of employees99
Key management personnel is restricted to that of the director.
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation11,7972,947
11,7972,947

NORDIK LIMITED

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year2,4752,475
11. CONTROLLING PARTY
The company is wholly owned by the director Mr A I Pittwood.
12. RELATED PARTY TRANSACTIONS
The director Mr A I Pittwood received a dividend of £ 24,000 in the year to 31 March 2024 (2024 - £ 24,000).
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
Nordik Limited operates principally in the sourcing, manufacture and supply of commercial catering equipment, all of which is carried out within the United Kingdom.
14. GENERAL INFORMATION
Nordik Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.