Numold (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02866756 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Numold (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Jones

B R Jones

Miss G E Jones

Miss V L A Jones

SECRETARY:

Miss V L A Jones

REGISTERED OFFICE:

The Canalside

Merchants Road

Gloucester

GL2 5RG

REGISTERED NUMBER:

02866756 (England and Wales)

ACCOUNTANTS:

Trio Accountancy Services Ltd

The Limes

Bayshill Road

Cheltenham

Gloucestershire

GL50 3AW

FIXED ASSETS

Intangible assets

4

94,014

Tangible assets

5

1,907,771

1,069,199

2,001,785

1,163,213

CURRENT ASSETS

Stocks

64,140

Debtors

6

479,188

641,530

Cash at bank and in hand

24

491

543,352

706,161

CREDITORS

Amounts falling due within one year

7

392,962

604,328

NET CURRENT ASSETS

150,390

101,833

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,152,175

1,265,046

CREDITORS

Amounts falling due after more than one
year

8

1,209,992

1,036,941

NET ASSETS

942,183

228,105

CAPITAL AND RESERVES

Called up share capital

396

Revaluation reserve

9

1,616,364

776,364

Retained earnings

(674,577

)

(548,655

)

SHAREHOLDERS' FUNDS

942,183

228,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 September 2025 and were signed on its behalf by:

Miss G E Jones - Director

B R Jones - Director

1.	STATUTORY INFORMATION

Numold (UK) 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 as modified by the revaluation of certain assets.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

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.

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 13 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

109,724

AMORTISATION

At 1 January 2024

and 31 December 2024

15,710

NET BOOK VALUE

At 31 December 2024

94,014

At 31 December 2023

94,014

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST OR VALUATION

At 1 January 2024

1,060,000

11,298

358,713

Additions

-

Revaluations

840,000

-

At 31 December 2024

1,900,000

11,298

358,713

DEPRECIATION

At 1 January 2024

-

10,529

353,249

Charge for year

-

77

1,366

At 31 December 2024

-

10,606

354,615

NET BOOK VALUE

At 31 December 2024

1,900,000

692

4,098

At 31 December 2023

1,060,000

769

5,464

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 January 2024

100,270

37,029

69,890

1,637,200

Additions

-

1,231

Revaluations

-

840,000

At 31 December 2024

100,270

37,029

71,121

2,478,431

DEPRECIATION

At 1 January 2024

98,239

36,952

69,032

568,001

Charge for year

508

19

689

2,659

At 31 December 2024

98,747

36,971

69,721

570,660

NET BOOK VALUE

At 31 December 2024

1,523

58

1,400

1,907,771

At 31 December 2023

2,031

77

858

1,069,199

Cost or valuation at 31 December 2024 is represented by:

Improvements

Freehold

to

Plant and

property

machinery

£

Valuation in 2024

840,000

-

Cost

1,060,000

11,298

358,713

1,900,000

11,298

358,713

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

Valuation in 2024

-

840,000

Cost

100,270

37,029

71,121

1,638,431

100,270

37,029

71,121

2,478,431

6.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

192,235

379,933

Other debtors

1,267

Directors' current accounts

194,340

175,512

Prepayments and accrued income

22,270

23,346

410,112

580,058

31.12.24

31.12.23

£

Amounts falling due after more than one year:

Tax

69,076

61,472

Aggregate amounts

479,188

641,530

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

132,007

141,111

Trade creditors

104,707

329,751

Tax

59,665

85,523

Social security and other taxes

55,132

33,544

VAT

33,595

5,756

Other creditors

5,656

6,443

Accrued expenses

2,200

392,962

604,328

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 1-2 years

-

18,000

HSBC Flexible loan

135,901

155,999

Loan

(700

)

(700

)

Funding Circle Loan

173,064

40,960

Mortgage 71601636

647,732

703,349

Other loans - 2-5 years

42,500

72,500

Close Business finance

154,167

-

M&R Jones

3,000

-

LDF Loan

24,328

46,833

Federal Capital

30,000

-

1,209,992

1,036,941

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

776,364

Freehold Property

840,000

At 31 December 2024

1,616,364

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

B R Jones

Balance outstanding at start of year

28,481

30,191

Amounts advanced

44,503

-

Amounts repaid

(46,000

)

(1,710

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

26,984

28,481

Mrs S A Jones

Balance outstanding at start of year

28,481

30,191

Amounts advanced

44,503

-

Amounts repaid

(46,000

)

(1,710

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

26,984

28,481

Miss G E Jones

Balance outstanding at start of year

36,388

37,074

Amounts advanced

44,396

-

Amounts repaid

(45,080

)

(686

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

35,704

36,388

Miss V L A Jones

Balance outstanding at start of year

82,161

82,849

Amounts advanced

67,587

-

Amounts repaid

(45,080

)

(688

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

104,668

82,161