Namron Engineering Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC365584 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Namron Engineering Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Wood

Mrs A Wood

REGISTERED OFFICE:

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

REGISTERED NUMBER:

SC365584 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Tangible assets

4

29,996

-

CURRENT ASSETS

Debtors

5

47,517

52,629

Cash at bank

15,543

584

63,060

53,213

CREDITORS

Amounts falling due within one year

6

65,196

52,169

NET CURRENT (LIABILITIES)/ASSETS

(2,136

)

1,044

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,860

1,044

CREDITORS

Amounts falling due after more than one year

7

(21,615

)

-

PROVISIONS FOR LIABILITIES

(5,699

)

-

NET ASSETS

546

1,044

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

446

944

SHAREHOLDERS' FUNDS

546

1,044

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr N Wood - Director

1.	STATUTORY INFORMATION

Namron Engineering 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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.

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

39,995

At 30 September 2024

39,995

DEPRECIATION

Charge for year

9,999

At 30 September 2024

9,999

NET BOOK VALUE

At 30 September 2024

29,996

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

39,995

At 30 September 2024

39,995

DEPRECIATION

Charge for year

9,999

At 30 September 2024

9,999

NET BOOK VALUE

At 30 September 2024

29,996

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Other debtors

13,280

Directors' current accounts

34,237

39,349

47,517

52,629

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Hire purchase contracts

6,176

-

Trade creditors

-

2

Tax

57,328

50,066

Social security and other taxes

-

701

Accrued expenses

1,692

1,400

65,196

52,169

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

Hire purchase contracts

21,615

-

8.	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

£

Mr N Wood and Mrs A Wood

Balance outstanding at start of year

39,349

24,193

Amounts advanced

47,634

15,156

Amounts repaid

(52,746

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

34,237

39,349