for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Additional information
Environment Streamlined Energy Carbon Reporting (SECR) Going concern
Directors
The directors shown below have held office during the whole of the period from
1 January 2023
to
31 December 2023
The director shown below has held office during the period of
1 January 2023
to
15 December 2023
The directors shown below have held office during the period of
15 December 2023
to
31 December 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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(
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Gross profit(or loss): |
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Distribution costs: |
(
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(
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
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Tax: |
(
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(
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Profit(or loss) for the financial year: |
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As at
Notes | 2023 | 2022 | |
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£ |
£ |
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Fixed assets | |||
Intangible assets: | 3 |
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Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 5 |
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Cash at bank and in hand: |
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Investments: | 6 |
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Total current assets: |
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Creditors: amounts falling due within one year: | 7 |
(
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(
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Net current assets (liabilities): |
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( |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 8 |
(
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(
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Provision for liabilities: |
(
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(
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
Goodwill | Other | Total | |
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Cost | £ | £ | £ |
At 1 January 2023 |
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Additions | |||
Disposals | |||
Revaluations | |||
Transfers | |||
At 31 December 2023 |
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Amortisation | |||
At 1 January 2023 |
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Charge for year | |||
On disposals | |||
Other adjustments | |||
At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions |
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Disposals |
(
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(
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Revaluations | ||||||
Transfers |
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At 31 December 2023 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments |
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At 31 December 2023 |
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Net book value | ||||||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 December 2023
In November 2023, Nexperia B.V. and Vishay Intertechnology, Inc. (Vishay), through its subsidiary, Siliconix Incorporated signed a Stock Purchase Agreement arranging the transfer of 100% of the shares of Neptune 6, which is the 100% parent company of Nexperia Newport Ltd. As at the end of 2023, the completion was foreseen at the end of Q1 2024. It was agreed that it was highly likely the sale would go ahead and as such that the sale of the plant and machinery would be made back to Newport Ltd ahead of the final sale to Vishay. As such the assets were held for sale at the end of 2023. Based on the signed SPA, Management has assessed that the relevant assts of Nexperia UK Ltd. meets the criteria for “Held-for-Sale” as of the date of the financial statements. No impairment loss has been identified as of the balance sheet date. In addition, Management believes the assets do not constitute a major business line of Nexperia UK Ltd. Post year the assets were sold in January 2024 and the subsequent sale of Nexperia Newport Ltd to Vishay Intertechnology, Inc took place on 6th March 2024.
for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Amounts due under finance leases and hire purchase contracts |
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Other creditors |
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Total |
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