Namco Tooling Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01863234 (England and Wales)

NAMCO TOOLING LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G S Cooke

REGISTERED OFFICE:

Coughton House

Coughton

Alcester

Warwickshire

B49 5HU

REGISTERED NUMBER:

01863234 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

CURRENT ASSETS

Inventories

49,213

50,013

Debtors

4

79,999

106,850

Cash at bank and in hand

12,141

94,504

141,353

251,367

CREDITORS

Amounts falling due within one year

5

48,562

53,885

NET CURRENT ASSETS

92,791

197,482

TOTAL ASSETS LESS CURRENT
LIABILITIES

92,791

197,482

CREDITORS

Amounts falling due after more than one
year

6

-

18,549

NET ASSETS

92,791

178,933

CAPITAL AND RESERVES

Called up share capital

7

45,000

Capital redemption reserve

8

5,000

Retained earnings

8

42,791

128,933

SHAREHOLDERS' FUNDS

92,791

178,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 December 2025 and were signed by:

G S Cooke - Director

1.	STATUTORY INFORMATION

Namco Tooling 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.

Turnover

Revenue 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 have been fully amortised in the current year.

Tangible fixed assets

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

Stocks

Inventories 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.

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.

Foreign currencies

Transactions expressed in foreign currencies are translated into sterling and recorded at rates of exchange approximating to those ruling at the date of the transaction. Monetary assets and liabilities are translated at rates ruling at the balance sheet date. All differences are taken to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 15 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

62,342

57,990

Directors' current accounts

-

29,474

Section 455 tax recoverable

5,239

VAT

12,418

-

Prepayments

-

14,147

79,999

106,850

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

10,000

Trade creditors

36,426

24,855

Social security and other taxes

7,260

14,154

Other creditors

1,525

Accrued expenses

3,351

48,562

53,885

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

-

18,549

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

45,000

Ordinary

£1

45,000

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 April 2024

128,933

5,000

133,933

Deficit for the year

(51,790

)

(51,790

)

Dividends

(34,352

)

(34,352

)

At 31 March 2025

42,791

5,000

47,791

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

G S Cooke

Balance outstanding at start of year

(29,474

)

(16,120

)

Amounts advanced

-

(29,474

)

Amounts repaid

29,474

16,120

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(29,474

)

10.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous financial year by G S Cooke by virtue of his 61% holding of the ordinary shares of the company.