IRIS Accounts Production v25.1.4.42 05547506 Board of Directors 1.1.24 31.12.24 31.12.24 27.8.25 0 0 true false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05547506 2023-12-31 05547506 2024-12-31 05547506 2024-01-01 2024-12-31 05547506 2022-12-31 05547506 2023-01-01 2023-12-31 05547506 2023-12-31 05547506 ns15:EnglandWales 2024-01-01 2024-12-31 05547506 ns14:PoundSterling 2024-01-01 2024-12-31 05547506 ns10:Director1 2024-01-01 2024-12-31 05547506 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05547506 ns10:SmallEntities 2024-01-01 2024-12-31 05547506 ns10:Audited 2024-01-01 2024-12-31 05547506 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 05547506 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05547506 ns10:FullAccounts 2024-01-01 2024-12-31 05547506 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 05547506 ns10:Director2 2024-01-01 2024-12-31 05547506 ns10:Director3 2024-01-01 2024-12-31 05547506 ns10:Director4 2024-01-01 2024-12-31 05547506 ns10:CompanySecretary1 2024-01-01 2024-12-31 05547506 ns10:RegisteredOffice 2024-01-01 2024-12-31 05547506 ns5:CurrentFinancialInstruments 2024-12-31 05547506 ns5:CurrentFinancialInstruments 2023-12-31 05547506 ns5:ShareCapital 2024-12-31 05547506 ns5:ShareCapital 2023-12-31 05547506 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05547506 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 05547506 ns10:OrdinaryShareClass1 2024-12-31 05547506 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 05547506 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 05547506 (England and Wales)

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| NORBAR TORQUE TOOLS (CHINA) LIMITED |

NORBAR TORQUE TOOLS (CHINA) LIMITED (REGISTERED NUMBER: 05547506) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| NORBAR TORQUE TOOLS (CHINA) LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | N A Brodey

| Mrs H C J Huang

| J M Arregui Saez

| SECRETARY: | Ms J Patstone

| REGISTERED OFFICE: | Wildmere Road

| Banbury

| Oxfordshire

| OX16 3JU

| REGISTERED NUMBER: | 05547506 (England and Wales)

| AUDITORS: | Luckmans Duckett Parker Limited

| Chartered Accountants

| Statutory Auditors

| 1110 Elliott Court

| Herald Avenue

| Coventry Business Park

| Coventry

| West Midlands

| CV5 6UB

NORBAR TORQUE TOOLS (CHINA) LIMITED (REGISTERED NUMBER: 05547506) |

BALANCE SHEET

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | - |  | - |  |

CREDITORS

Amounts falling due within one year | 5 | 630,470 |  | 628,670 |  |

NET CURRENT LIABILITIES | (630,470 | ) | (628,670 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (630,470 | ) | (628,670 | ) |

CAPITAL AND RESERVES

Called up share capital | 6 | 2 |  | 2 |  |

Retained earnings | 7 | (630,472 | ) | (628,672 | ) |

SHAREHOLDERS' FUNDS | (630,470 | ) | (628,670 | ) |

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 August 2025 and were signed on its behalf by:

S R Clarke - Director

NORBAR TORQUE TOOLS (CHINA) LIMITED (REGISTERED NUMBER: 05547506) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Norbar Torque Tools (China) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

| The financial statements have been prepared on a going concern basis despite the net current liability position of £630,470. This position is influenced by the requirement under FRS102 to show group debt with no defined payment terms as being due within one year. The Company has full group support in the form of such an inter-company loan. Although the loan is repayable on demand, the directors do not consider that the lender will require repayment in the foreseeable future, and therefore the company will be able to continue as a going concern.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

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

NORBAR TORQUE TOOLS (CHINA) LIMITED (REGISTERED NUMBER: 05547506) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

4. | FIXED ASSET INVESTMENTS

|  | Shares in group undertakings |  |

| £ |  |

| COST |  |

| At 1 January 2023 |  | - |  |

| At 31 December 2023 |  | - |  |

| NET BOOK VALUE |  |

| At 31 December 2023 |  | - |  |

| At 31 December 2022 |  | - |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Norbar Torque Tools (Shanghai) Limited

| Registered Office: Suite E, Floor 3, 316 Meigui North Road, Shanghai.

| Nature of business: Distributor of torque tools

| % |  |

| Class of shares: |  | holding |  |

| RMB 1 Ordinary |  | 100 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 628,970 |  | 627,170 |  |

| Accrued expenses | 1,500 |  | 1,500 |  |

630,470 |  | 628,670 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 2 | Ordinary shares | £1 | 2 |  | 2 |  |

7. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | (628,672 | ) |

| Deficit for the year | (1,800 | ) |

| At 31 December 2024 | (630,472 | ) |

NORBAR TORQUE TOOLS (CHINA) LIMITED (REGISTERED NUMBER: 05547506) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mark Spafford FCCA ACA (Senior Statutory Auditor)

| for and on behalf of Luckmans Duckett Parker Limited