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REGISTERED NUMBER: 05680126 (England and Wales)












Norton Electrical Contractors NW Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






Norton Electrical Contractors NW Ltd (Registered number: 05680126)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Norton Electrical Contractors NW Ltd

Company Information
for the Year Ended 31 December 2024







Director: Mr C J Norton





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 05680126 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Norton Electrical Contractors NW Ltd (Registered number: 05680126)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7 145

Current assets
Stocks 250 236
Debtors 5 6,565 3,676
Cash at bank 8,652 10,694
15,467 14,606
Creditors
Amounts falling due within one year 6 7,408 6,971
Net current assets 8,059 7,635
Total assets less current liabilities 8,066 7,780

Creditors
Amounts falling due after more than one
year

7

1,655

4,994
Net assets 6,411 2,786

Capital and reserves
Called up share capital 100 100
Retained earnings 6,311 2,686
6,411 2,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Norton Electrical Contractors NW Ltd (Registered number: 05680126)

Balance Sheet - continued
31 December 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Mr C J Norton - Director


Norton Electrical Contractors NW Ltd (Registered number: 05680126)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Norton Electrical Contractors NW Ltd 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 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.
Plant and machinery etc - 33% on cost and 25% on cost

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 tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Norton Electrical Contractors NW Ltd (Registered number: 05680126)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2024
and 31 December 2024 19,282
Depreciation
At 1 January 2024 19,137
Charge for year 138
At 31 December 2024 19,275
Net book value
At 31 December 2024 7
At 31 December 2023 145

5. Debtors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Trade debtors 1,197 264
Other debtors 5,368 3,412
6,565 3,676

6. Creditors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 3,514 3,514
Trade creditors 447 458
Taxation and social security 2,197 1,901
Other creditors 1,250 1,098
7,408 6,971

7. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£    £   
Bank loans 1,655 4,994