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REGISTERED NUMBER: 03342838 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Nordika Design Limited

Nordika Design Limited (Registered number: 03342838)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Nordika Design Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B C Ridgway





REGISTERED OFFICE: High Rigg
Panorama Drive
Ilkley
West Yorkshire
LS29 9RA





REGISTERED NUMBER: 03342838 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Nordika Design Limited (Registered number: 03342838)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 40,000 40,000
Tangible assets 5 70,837 72,327
110,837 112,327

CURRENT ASSETS
Stocks 463,154 536,008
Debtors 6 417,446 594,213
Cash at bank and in hand 6,114,472 6,117,766
6,995,072 7,247,987
CREDITORS
Amounts falling due within one year 7 (582,900 ) (1,098,990 )
NET CURRENT ASSETS 6,412,172 6,148,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,523,009

6,261,324

PROVISIONS FOR LIABILITIES (372 ) (745 )
NET ASSETS 6,522,637 6,260,579

CAPITAL AND RESERVES
Called up share capital 48 48
Capital redemption reserve 52 52
Retained earnings 6,522,537 6,260,479
SHAREHOLDERS' FUNDS 6,522,637 6,260,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

Nordika Design Limited (Registered number: 03342838)

Statement of Financial Position - continued
30 April 2024



The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





B C Ridgway - Director


Nordika Design Limited (Registered number: 03342838)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Nordika Design 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.

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.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Alterations to property - not provided
Plant & machinery - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Computer equipment - 25% on cost

Depreciation is not provided on alterations to property as the amount is immaterial.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Nordika Design Limited (Registered number: 03342838)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Trade
mark
£   
COST
At 1 May 2023
and 30 April 2024 40,000
NET BOOK VALUE
At 30 April 2024 40,000
At 30 April 2023 40,000

5. TANGIBLE FIXED ASSETS
Alterations
to Plant & Fixtures Computer
property machinery & fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 69,347 2,250 3,960 9,596 85,153
DEPRECIATION
At 1 May 2023 - 2,250 3,960 6,616 12,826
Charge for year - - - 1,490 1,490
At 30 April 2024 - 2,250 3,960 8,106 14,316
NET BOOK VALUE
At 30 April 2024 69,347 - - 1,490 70,837
At 30 April 2023 69,347 - - 2,980 72,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 403,981 581,620
Other debtors 1,630 2,830
Prepayments & accrued income 11,835 9,763
417,446 594,213

Nordika Design Limited (Registered number: 03342838)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 184,962 177,508
Corporate taxation 87,711 94,982
Social security & other taxes 49,777 105,816
Director's loan account 144,174 594,039
Accrued expenses 116,276 126,645
582,900 1,098,990

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

The pension charge for the year amounted to £3,023 (2023 £14,054).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Nordika Design Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nordika Design Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nordika Design Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nordika Design Limited and state those matters that we have agreed to state to the director of Nordika Design Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nordika Design Limited and its director for our work or for this report.

It is your duty to ensure that Nordika Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nordika Design Limited. You consider that Nordika Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nordika Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


30 January 2025