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REGISTERED NUMBER: SC380057 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Nordas Limited

Nordas Limited (Registered number: SC380057)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nordas Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Ronald T Mcalear





SECRETARY: Mrs Norah Mcalear





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC380057 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Nordas Limited (Registered number: SC380057)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,118 11,798

CURRENT ASSETS
Debtors 5 18,681 37,226
Cash at bank and in hand 104,847 91,411
123,528 128,637
CREDITORS
Amounts falling due within one year 6 113,229 87,703
NET CURRENT ASSETS 10,299 40,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,417

52,732

CREDITORS
Amounts falling due after more than one
year

7

(20,920

)

(30,920

)

PROVISIONS FOR LIABILITIES 8 (6,030 ) (1,073 )
NET ASSETS 7,467 20,739

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 6,967 20,239
SHAREHOLDERS' FUNDS 7,467 20,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Nordas Limited (Registered number: SC380057)

Balance Sheet - continued
30 June 2024


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.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Ronald T Mcalear - Director


Nordas Limited (Registered number: SC380057)

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

1. STATUTORY INFORMATION

Nordas Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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 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.

Nordas Limited (Registered number: SC380057)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 13,585 20,672 34,257
Additions 424 26,793 27,217
Disposals - (9,678 ) (9,678 )
At 30 June 2024 14,009 37,787 51,796
DEPRECIATION
At 1 July 2023 11,001 11,458 22,459
Charge for year 452 7,187 7,639
Eliminated on disposal - (2,420 ) (2,420 )
At 30 June 2024 11,453 16,225 27,678
NET BOOK VALUE
At 30 June 2024 2,556 21,562 24,118
At 30 June 2023 2,584 9,214 11,798

Nordas Limited (Registered number: SC380057)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,681 31,472
Other debtors - 5,754
18,681 37,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,405 -
Taxation and social security 36,590 17,771
Other creditors 56,234 69,932
113,229 87,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 20,920 30,920

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,030 1,073

Deferred
tax
£   
Balance at 1 July 2023 1,073
Provided during year 4,957
Balance at 30 June 2024 6,030

Nordas Limited (Registered number: SC380057)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 A Ordinary £1 300 300
100 B Ordinary £1 100 100
50 C Ordinary £1 50 50
50 D Ordinary £1 50 50
500 500