Company Registration No. 06658023 (England and Wales)
Nortek Electronic Holdings Limited
Unaudited accounts
for the year ended 30 April 2024
Nortek Electronic Holdings Limited
Unaudited accounts
Contents
Nortek Electronic Holdings Limited
Company Information
for the year ended 30 April 2024
Company Number
06658023 (England and Wales)
Registered Office
Nortek Electronic Circuits Ltd
Bridge Mill
Royle Street
Congleton
Cheshire
CW12 1HR
England
Accountants
Omega Accounting Ltd
Nortek Electronic Holdings Limited
Statement of financial position
as at 30 April 2024
Called up share capital
100
100
Shareholders' funds
100
100
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 21 January 2025 and were signed on its behalf by
Gareth Davies
Director
Company Registration No. 06658023
Nortek Electronic Holdings Limited
Notes to the Accounts
for the year ended 30 April 2024
Nortek Electronic Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 06658023. The registered office is Nortek Electronic Circuits Ltd, Bridge Mill, Royle Street, Congleton, Cheshire, CW12 1HR, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and Key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Nortek Electronic Holdings Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Investments
Subsidiary undertakings
Valuation at 1 May 2023
100
Valuation at 30 April 2024
100
5
Transactions with related parties
The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.
Transactions with directors are under normal market conditions and/or not material.
6
Post balance sheet events
There were no material events up to the date of approval of the financial statements by the board.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).