2023-09-01 04510549 2024-08-31 04510549 2023-09-01 2024-08-31 04510549 2023-08-31 04510549 2022-09-01 2023-08-31 04510549 uk-core:WithinOneYear 2023-08-31 04510549 uk-core:WithinOneYear 2024-08-31 04510549 uk-core:ShareCapital 2024-08-31 04510549 uk-core:ShareCapital 2023-08-31 04510549 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 04510549 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 04510549 uk-bus:Director1 2023-09-01 2024-08-31 04510549 uk-bus:Director2 2023-09-01 2024-08-31 04510549 uk-core:PlantMachinery 2023-09-01 2024-08-31 04510549 uk-core:ToolsEquipment 2023-09-01 2024-08-31 04510549 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 04510549 uk-core:FurnitureFittings 2023-09-01 2024-08-31 04510549 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-31 04510549 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-08-31 04510549 uk-core:ToolsEquipment 2023-08-31 04510549 uk-core:FurnitureFittings 2023-08-31 04510549 uk-core:CommercialMotorVehicles 2023-08-31 04510549 uk-core:PlantMachinery 2023-08-31 04510549 uk-core:CommercialMotorVehicles 2024-08-31 04510549 uk-core:FurnitureFittings 2024-08-31 04510549 uk-core:ToolsEquipment 2024-08-31 04510549 uk-core:PlantMachinery 2024-08-31 04510549 uk-core:CostValuation 2023-08-31 04510549 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-08-31 04510549 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-08-31 04510549 uk-core:CostValuation 2024-08-31 04510549 uk-core:Non-currentFinancialInstruments 2024-08-31 04510549 uk-core:Non-currentFinancialInstruments 2023-08-31 iso4217:GBP xbrli:pure 04510549 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04510549 uk-bus:FRS102 2023-09-01 2024-08-31 04510549 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 04510549 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Natech Limited
Registered Number:04510549
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04510549
As at 31 August 2024
Natech Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
8,829
8,829
2
Property, plant and equipment
95,951
100,686
3
Financial assets
44,000
44,000
4
148,780
153,515
Current assets
Inventories
374,287
321,465
5
Trade and other receivables
399,588
417,895
6
290,438
Cash and cash equivalents
410,133
1,149,493
1,064,313
Trade and other payables: amounts falling due within one year
(294,236)
(388,285)
7
770,077
761,208
Net current assets
Total assets less current liabilities
909,988
923,592
909,988
Net assets
923,592
Capital and reserves
Called up share capital
2
2
Retained earnings
909,986
923,590
909,988
923,592
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Richard Foster Director
Ms Alison Hartopp Director
These financial statements were approved and authorised for issue by the Board on 07 March 2025 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 August 2024
Natech Limited
Notes to the Financial Statements
Statutory Information
Natech Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04510549.
Registered address:
Unit 2 Ring Road
Zone 2 Burntwood Business Park
Burntwood
Staffordshire
WS7 3JQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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4
For the year ended 31 August 2024
Natech Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other Intangible
Assets
Cost or valuation
£
At 01 September 2023
8,829
At 31 August 2024
8,829
Net book value
At 31 August 2024
8,829
At 31 August 2023
8,829
Intangible assets are included within the accounts at cost as they are acquired by the company.
The directors have looked at the residual value of these assets and have concluded that their residual value is likely to exceed the original
cost, and therefore there is no amortisation attributable to them.
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 September 2023
356,427
15,833
74,625
6,168
259,801
26,877
375
-
-
26,502
Additions
At 31 August 2024
6,168
74,625
16,208
383,304
286,303
Provision for depreciation and impairment
At 01 September 2023
255,741
13,257
53,232
4,705
184,547
Charge for year
31,612
541
5,355
366
25,350
At 31 August 2024
287,353
13,798
58,587
5,071
209,897
At 31 August 2024
Net book value
76,406
1,097
16,038
2,410
95,951
At 31 August 2023
75,254
1,463
21,393
2,576
100,686
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For the year ended 31 August 2024
Natech Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
At 01 September 2023
44,000
44,000
Cost
£
£
At 31 August 2024
44,000
44,000
At 31 August 2024
Net book value
44,000
44,000
At 01 September 2023
44,000
44,000
5. Inventories
2023
2024
£
£
Stocks
321,465
374,287
6. Trade and other receivables
2023
2024
£
£
Trade debtors
304,874
294,320
Other debtors
113,021
105,268
399,588
417,895
7. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
244,107
174,252
Taxation and social security
120,458
95,308
Other creditors
23,720
24,676
388,285
294,236
8. Average number of persons employed
During the year the average number of employees was 10 (2023 : 10)
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