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REGISTERED NUMBER: 04750975 (England and Wales)









NORDIKO TECHNICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORDIKO TECHNICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M H Davis
Mrs G M Bumpsteed Davis



SECRETARY: MC Secretaries Limited



REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU



REGISTERED NUMBER: 04750975 (England and Wales)



ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU



BANKERS: HSBC
55 Above Bar Street
Southampton
Hampshire
SO14 7DZ

NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 51,249 42,690
Investments 6 1 1
51,251 42,692

CURRENT ASSETS
Stocks 276,226 307,330
Debtors 7 810,697 692,875
Cash at bank 2,421,461 2,105,773
3,508,384 3,105,978
CREDITORS
Amounts falling due within one year 8 316,401 421,996
NET CURRENT ASSETS 3,191,983 2,683,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,243,234

2,726,674

PROVISIONS FOR LIABILITIES 9 154,105 -
NET ASSETS 3,089,129 2,726,674

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 3,039,129 2,676,674
SHAREHOLDERS' FUNDS 3,089,129 2,726,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





M H Davis - Director


NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)

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

1. STATUTORY INFORMATION

Nordiko Technical Services 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.

Turnover
Turnover represents net invoiced sales of technical thin film systems and support services, excluding value added tax.

Patents and licences
Expenditure on patents and licences is written off in the year in which it is incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method


NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 38,269
AMORTISATION
At 1 October 2023
and 30 September 2024 38,268
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 139,872 557,671 697,543
Additions - 26,261 26,261
At 30 September 2024 139,872 583,932 723,804
DEPRECIATION
At 1 October 2023 131,495 523,358 654,853
Charge for year 1,234 16,468 17,702
At 30 September 2024 132,729 539,826 672,555
NET BOOK VALUE
At 30 September 2024 7,143 44,106 51,249
At 30 September 2023 8,377 34,313 42,690

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 630,954 582,605
Amounts recoverable on contract 75,906 -
Other debtors 103,837 110,270
810,697 692,875

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 107,900 161,133
Taxation and social security 31,715 17,505
Other creditors 176,786 243,358
316,401 421,996

NORDIKO TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04750975)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions 154,105 -

A provision of £154,105 (2023: £Nil) has been recognised for expected warranty claims on machinery sales. Warranties are valid for one year from the date of acceptance by the customer and therefore the provision in the accounts is based on machines less than one year old from the balance sheet date.

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had total commitments under operating leases expiring in less than 5
years of £227,923 (2023: £6,183).