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REGISTERED NUMBER: 03679823 (England and Wales)






N.G.F. Industrial Doors Limited

Financial Statements

for the Year Ended 30 November 2024






N.G.F. Industrial Doors Limited (Registered number: 03679823)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.G.F. Industrial Doors Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: Mr N G Furby
Mrs S E Furby





SECRETARY: Mrs S E Furby





REGISTERED OFFICE: Unit 11
Allerton Bywater Network Centre
Letchmire Road
Allerton Bywater
West Yorkshire
WF10 2DB





REGISTERED NUMBER: 03679823 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Accountants & Business Advisors
33 George Street
Wakefield
West Yorkshire
WF1 1LX

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,811 103,490
72,811 103,490

CURRENT ASSETS
Stocks 139,930 92,914
Debtors 6 276,913 263,868
Cash at bank 18,823 8,329
435,666 365,111
CREDITORS
Amounts falling due within one year 7 350,757 298,309
NET CURRENT ASSETS 84,909 66,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,720

170,292

CREDITORS
Amounts falling due after more than one year 8 - (23,333 )

PROVISIONS FOR LIABILITIES (17,485 ) (25,109 )
NET ASSETS 140,235 121,850

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Balance Sheet - continued
30 November 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 140,135 121,750
SHAREHOLDERS' FUNDS 140,235 121,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





Mrs S E Furby - Director


N.G.F. Industrial Doors Limited (Registered number: 03679823)

Notes to the Financial Statements
for the year ended 30 November 2024


1. STATUTORY INFORMATION

N.G.F. Industrial Doors 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised evenly over its estimated useful life of ten years.

Website development has been fully amortised evenly over its useful life of five years.

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 - 15% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Office equipment - 25% on reducing balance

All fixed assets are initially recorded 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.

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provision of Section 11 "Basic Financial Information" and Section 12 "Other Financial Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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 applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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.

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill development Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 74,009 7,850 81,859
AMORTISATION
At 1 December 2023
and 30 November 2024 74,009 7,850 81,859
NET BOOK VALUE
At 30 November 2024 - - -
At 30 November 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 74,132 268,230 43,332 385,694
Additions 3,616 - 3,027 6,643
Disposals - (39,750 ) (1,726 ) (41,476 )
At 30 November 2024 77,748 228,480 44,633 350,861
DEPRECIATION
At 1 December 2023 48,392 204,975 28,837 282,204
Charge for year 4,054 28,141 4,102 36,297
Eliminated on disposal - (39,750 ) (701 ) (40,451 )
At 30 November 2024 52,446 193,366 32,238 278,050
NET BOOK VALUE
At 30 November 2024 25,302 35,114 12,395 72,811
At 30 November 2023 25,740 63,255 14,495 103,490

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 25,000
DEPRECIATION
At 1 December 2023 16,704
Charge for year 6,250
At 30 November 2024 22,954
NET BOOK VALUE
At 30 November 2024 2,046
At 30 November 2023 8,296

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 230,570 236,512
Amounts owed by related undertakings 10,868 -
Other debtors 636 -
Prepayments and accrued income 34,839 27,356
276,913 263,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,667 8,333
Hire purchase contracts (see note 9) - 3,472
Trade creditors 123,427 118,199
Amounts owed to related undertakings - 5,046
Tax 64,572 59,071
Social security and other taxes 18,256 11,965
VAT 51,405 38,263
Other creditors 50,677 32,053
Directors' current accounts 7,382 14,372
Accruals and deferred income 13,371 7,535
350,757 298,309

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 13,333
- 23,333

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 3,472

Non-cancellable operating leases
2024 2023
£    £   
Within one year 45,218 37,682
Between one and five years 45,218 90,436
90,436 128,118

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 3,472
Factoring Account 37,629 29,289
37,629 32,761

Factoring obligations are secured by way of a fixed and floating charge over all the company's property, fixed assets and book debts.

Obligations under hire purchase are secured against the asset to which they relate.

N.G.F. Industrial Doors Limited (Registered number: 03679823)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100