Registration number: 07000369

Nora Building Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Nora Building Ltd

Company Information

Director

Mr Zygimantas Vajega

Company secretary

Ms Julija Ramanauskaite

Registered office

Unit 10 The Gateway 2a Rathmore Road London England SE7 7QW

Accountants

EBR Accountants Ltd 25A Manchester Road Chapel-en-le-Frith Derbyshire SK23 9SR

Nora Building Ltd

(Registration number: 07000369)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	207,439	262,131
Current assets
Stocks	5	36,491	-
Debtors	6	665,791	456,097
Cash at bank and in hand		211,720	388,553
		914,002	844,650
Creditors: Amounts falling due within one year	7	(276,574)	(253,684)
Net current assets		637,428	590,966
Total assets less current liabilities		844,867	853,097
Creditors: Amounts falling due after more than one year	7	(4,368)	(8,129)
Net assets		840,499	844,968
Capital and reserves
Called up share capital	8	10	10
Retained earnings		840,489	844,958
Shareholders' funds		840,499	844,968

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 December 2025
 

......................................... Mr Zygimantas Vajega Director

Nora Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 10
The Gateway
2a Rathmore Road
London
SE7 7QW
England

These financial statements were authorised for issue by the director on 31 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Nora Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Plant and machinery	25% reducing balance basis
Fixtures & Fittings	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Nora Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

Nora Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	6,768	42,958	18,565	333,777
Additions	-	13,747	4,353	50,280
Disposals	-	(2,175)	(1,659)	(128,456)
At 31 March 2025	6,768	54,530	21,259	255,601
Depreciation
At 1 April 2024	3,627	16,683	9,194	110,433
Charge for the year	785	9,777	3,276	45,058
Eliminated on disposal	-	(1,262)	(1,041)	(65,811)
At 31 March 2025	4,412	25,198	11,429	89,680
Carrying amount
At 31 March 2025	2,356	29,332	9,830	165,921
At 31 March 2024	3,141	26,275	9,371	223,344

	Total £
Cost or valuation
At 1 April 2024	402,068
Additions	68,380
Disposals	(132,290)
At 31 March 2025	338,158
Depreciation
At 1 April 2024	139,937
Charge for the year	58,896
Eliminated on disposal	(68,114)
At 31 March 2025	130,719
Carrying amount
At 31 March 2025	207,439
At 31 March 2024	262,131

Nora Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Work in progress	36,491	-

6

Debtors

Current	2025 £	2024 £
Trade debtors	625,851	420,616
Prepayments	14,958	18,629
Other debtors	24,982	16,852
	665,791	456,097

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		3,760	3,508
Trade creditors		132,844	63,304
Taxation and social security		96,214	181,552
Accruals and deferred income		5,150	1,245
Other creditors		38,606	4,075
		276,574	253,684

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £3,760 (2024 - £3,508).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		4,368	8,129

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £4,368 (2024 - £8,129).

8	Share capital

Allotted, called up and fully paid shares

Nora Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	10	10	10	10