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NASMYTH INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Nasmyth Industries Limited is a private company, limited by shares, incorporated in England, United Kingdom. The Company's registered number is 04973391 and the registered office is Nasmyth House, Coventry Road, Exhall, Coventry, CV7 9FT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The presentation currency of the financial statements is Pound Sterling and amounts have been rounded to the nearest whole Pound.
The financial statements contain information about Nasmyth Industries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The Company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements as the group which it is the parent company of qualifies as a small group.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like amounts owed to group undertakings.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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