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REGISTERED NUMBER: SC432145 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Nordri Ltd

Nordri Ltd (Registered number: SC432145)






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


Nordri Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B Halcrow
A J Tait
B R Williamson
R J Smith





REGISTERED OFFICE: Staney Hill Industrial Estate
Staney Hill
Lerwick
Shetland
ZE1 0NA





REGISTERED NUMBER: SC432145 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Nordri Ltd (Registered number: SC432145)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,331 139,785
Investments 5 10,000 15,000
318,331 154,785

CURRENT ASSETS
Stocks 60,351 42,670
Debtors 6 722,950 510,779
Cash at bank and in hand 187,184 239,690
970,485 793,139
CREDITORS
Amounts falling due within one year 7 685,688 332,807
NET CURRENT ASSETS 284,797 460,332
TOTAL ASSETS LESS CURRENT LIABILITIES 603,128 615,117

CREDITORS
Amounts falling due after more than one year 8 (92,296 ) (44,619 )

PROVISIONS FOR LIABILITIES (13,352 ) (29,352 )
NET ASSETS 497,480 541,146

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 497,478 541,144
497,480 541,146

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.

Nordri Ltd (Registered number: SC432145)

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 27 June 2025 and were signed on its behalf by:




A J Tait - Director B Halcrow - Director




B R Williamson - Director R J Smith - Director


Nordri Ltd (Registered number: SC432145)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Nordri Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost, 20% on cost and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Nordri Ltd (Registered number: SC432145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 101,836 - 192,474 8,188 302,498
Additions 110,479 6,708 108,077 3,953 229,217
At 30 September 2024 212,315 6,708 300,551 12,141 531,715
DEPRECIATION
At 1 October 2023 55,878 - 105,869 966 162,713
Charge for year 24,128 825 32,338 3,380 60,671
At 30 September 2024 80,006 825 138,207 4,346 223,384
NET BOOK VALUE
At 30 September 2024 132,309 5,883 162,344 7,795 308,331
At 30 September 2023 45,958 - 86,605 7,222 139,785

Nordri Ltd (Registered number: SC432145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 85,163
Additions 32,748
Transfer to ownership (19,818 )
At 30 September 2024 98,093
DEPRECIATION
At 1 October 2023 20,880
Charge for year 16,633
Transfer to ownership (11,151 )
At 30 September 2024 26,362
NET BOOK VALUE
At 30 September 2024 71,731
At 30 September 2023 64,283

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 15,000
Disposals (5,000 )
At 30 September 2024 10,000
NET BOOK VALUE
At 30 September 2024 10,000
At 30 September 2023 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 498,541 375,029
Other debtors 224,409 135,750
722,950 510,779

Nordri Ltd (Registered number: SC432145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts and finance leases 14,989 13,520
Trade creditors 559,994 252,214
Taxation and social security - 54,238
Other creditors 110,705 12,835
685,688 332,807

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts and finance leases 39,647 25,318
Other creditors 52,649 19,301
92,296 44,619

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
A J Tait
Balance outstanding at start of year (1,811 ) (1,499 )
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,123 ) (1,811 )

B Halcrow
Balance outstanding at start of year 41 352
Amounts repaid (312 ) (311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (271 ) 41

10. RELATED PARTY DISCLOSURES

The company transacts business in the normal course of trade with Civil and Structural Engineering Shetland Ltd, in which A J Tait and B Halcrow hold a controlling interest and associate shareholding respectively. At 30 September 2024, £177,102 (2023 - £150,131) was owed to Nordri Ltd by Civil and Structural Engineering Shetland Ltd.