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REGISTERED NUMBER: 09794267 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

NOVATECH LOADCELLS LIMITED

NOVATECH LOADCELLS LIMITED (REGISTERED NUMBER: 09794267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOVATECH LOADCELLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: I C Papworth
D R Shipton
G L Payne





SECRETARY: G L Payne





REGISTERED OFFICE: 83 Castleham Road
St Leonards On Sea
East Sussex
TN38 9NT





REGISTERED NUMBER: 09794267 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

NOVATECH LOADCELLS LIMITED (REGISTERED NUMBER: 09794267)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 1,400,000 1,400,000

CURRENT ASSETS
Debtors 5 14,288 134,288
Cash at bank 67 97
14,355 134,385
CREDITORS
Amounts falling due within one year 6 (751,629 ) (871,879 )
NET CURRENT LIABILITIES (737,274 ) (737,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,726

662,506

CAPITAL AND RESERVES
Called up share capital 7 200 200
Share premium 657,316 657,316
Retained earnings 5,210 4,990
SHAREHOLDERS' FUNDS 662,726 662,506

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 directors acknowledge their 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





G L Payne - Director


NOVATECH LOADCELLS LIMITED (REGISTERED NUMBER: 09794267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Novatech Loadcells 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred 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 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.

3. EMPLOYEES AND DIRECTORS

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

NOVATECH LOADCELLS LIMITED (REGISTERED NUMBER: 09794267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1,400,000
NET BOOK VALUE
At 30 June 2024 1,400,000
At 30 June 2023 1,400,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Novatech Measurements Limited
Registered office: 83 Castleham Road, St Leonards-on-Sea, East Sussex TN38 9NT England
Nature of business: Design, manufacture and sale of loadcells.
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,768,096 1,538,787
Profit for the year 400,309 262,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 14,190 134,190
Other debtors 98 98
14,288 134,288

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 750,879 871,129
Other creditors 750 750
751,629 871,879

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

NOVATECH LOADCELLS LIMITED (REGISTERED NUMBER: 09794267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date £14,190 (2023: £134,190) was owed by the parent company Novatech Loadcells D & M Limited. During the year the company paid dividends to its parent totalling £102,000 (2023: £70,000).

At the balance sheet date £750,878.69 (2023: £871,129) was owed to the subsidiary company Novatech Measurements Limited. During the year the company received dividends from its subsidiary totalling £102,000 (2023: £71,000).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, who hold 100% of the share capital of the ultimate parent Novatech Loadcells D & M Limited.