Registered number
11487544
NORMCOR LTD
Filleted Accounts
31 July 2025

NORMCOR LTD
Registered number: | 11487544
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 185 |  |  | 276
Current assets
Debtors | 4 |  | 32,475 |  |  | 32,573
Cash at bank and in hand |  |  | 1,275 |  |  | 1,680
|  |  | 33,750 |  |  | 34,253
Creditors: amounts falling due within one year | 5 |  | (23,224) |  |  | (33,498)
Net current assets |  |  |  | 10,526 |  |  | 755
Net assets |  |  |  | 10,711 |  |  | 1,031
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | 10,710 |  |  | 1,030
Shareholder's funds |  |  |  | 10,711 |  |  | 1,031
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Rupert Welman
Director
Approved by the board on 15 April 2026

NORMCOR LTD
Notes to the Accounts
for the year ended 31 July 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures, fittings, tools and equipment | 33% on reducing balance
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Equipment and furniture
£
| Cost
| At 1 August 2024 | 1,535
| At 31 July 2025 | 1,535
| Depreciation
| At 1 August 2024 | 1,259
| Charge for the year | 91
| At 31 July 2025 | 1,350
| Net book value
| At 31 July 2025 | 185
| At 31 July 2024 | 276
4 | Debtors | 2025 |  | 2024
£ | £
| Director's loan account |  |  |  |  | 20,408 |  | 20,506
| Corporation tax recoverable |  |  |  |  | 12,067 |  | 12,067
|  |  |  |  |  | 32,475 |  | 32,573
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Taxation and social security costs | 22,204 |  | 32,478
| Accrued expenses | 1,020 |  | 1,020
|  |  |  |  |  | 23,224 |  | 33,498
6 | Loans to directors
| Description and conditions | B/fwd | Paid | Repaid | C/fwd
£ | £ | £ | £
| Mr Rupert Welman
| Director's loan | 20,506 |  |  |  | (98) |  | 20,408
|  | 20,506 |  | - |  | (98) |  | 20,408
7 | Controlling party
| The ultimate controlling party is Mr R Welman by virtue of his shareholding, directorship and day to day running of the business.
8 | Other information
| NORMCOR LTD is a private company limited by shares and incorporated in England. Its registered office is:
| 1 Woodpecker Way
| Thrapston
| Kettering
| Northamptonshire
| NN14 4RZ

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