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Registered Number: 06210418
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

NORFOLK STRAW PRODUCTS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 3 216,349    230,414 
216,349    230,414 
Current assets
Debtors (22,700)   38,124 
Cash at bank and in hand 13,151    3,895 
(9,549)   42,019 
Creditors: amount falling due within one year (1,017,513)   (1,111,817)
Net current assets (1,027,062)   (1,069,798)
 
Total assets less current liabilities (810,713)   (839,384)
Creditors: amount falling due after more than one year (1,074,084)   (1,069,122)
Net assets (1,884,797)   (1,908,506)
 

Capital and reserves
Called up share capital 100    100 
Profit and loss account (1,884,897)   (1,908,606)
Shareholders fund (1,884,797)   (1,908,506)
 
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Signed on behalf of the board of directors:


----------------------------------
Stephen James Bunting
Director

Date approved: 25 April 2025
1
Statutory Information
NORFOLK STRAW PRODUCTS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 06210418, registration address Hill Farm, Norwich Road, Dereham, NR20 3HB.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 128,425    170,544 
Social security costs 9,678    15,828 
138,103    186,372 
 
Average number of employees during the year 2024   2023
Other departments 6    8 
6    8 

3.

Tangible fixed assets

Cost or Valuation   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
    £   £   £   £
At 01 April 2023   559,244    220,194    609    780,047 
Additions   4,771    28,203      32,974 
At 31 March 2024   564,015    248,397    609    813,021 
Depreciation
At 01 April 2023   425,953    123,383    297    549,633 
Charge for year   27,613    19,363    63    47,039 
At 31 March 2024   453,566    142,746    360    596,672 
Net book values
Closing balance as at 31 March 2024   110,449    105,651    249    216,349 
Opening balance as at 01 April 2023   133,291    96,811    312    230,414 

The net book value of Motor Vehicles includes £102,156 (2023 £93,483) in respect of assets leased under finance leases or hire purchase contracts.
2