NORSEMAN EXPLORE LIMITED


Directors	NORMAN, Karen Elizabeth
	NORMAN, Myles Stewart


Registered Address	The Willows Lynn Road
	Walton Highway
	Wisbech
	PE14 7DF


Registered Number	14462951 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		87		44,562
			87		44,562
Current assets
Debtors	4	138		249
Cash at bank and on hand		-		141
		138		390
Creditors amounts falling due within one year	5	(62,734)		(68,350)
Net current assets (liabilities)			(62,596)		(67,960)
Total assets less current liabilities			(62,509)		(23,398)
Creditors amounts falling due after one year			-		(18,874)
Net assets			(62,509)		(42,272)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(62,511)		(42,274)
Shareholders' funds			(62,509)		(42,272)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2026, and are signed on its behalf by:

NORMAN, Karen Elizabeth
Director

NORMAN, Myles Stewart
Director

Registered Company No. 14462951

NORSEMAN EXPLORE LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Going concern
	The directors have reviewed the financial position of the company and they are of the consideration that the company will continue trading as a going concern.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	3
Vehicles	20	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 February 25	65,500
	Disposals	(63,567)
	At 31 January 26	1,933
	Depreciation and impairment
	At 01 February 25	20,938
	Charge for year	1,316
	On disposals	(20,408)
	At 31 January 26	1,847
	Net book value
	At 31 January 26	87
	At 31 January 25	44,562

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	125	-
Prepayments and accrued income	13	249
Total	138	249

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	246	493
Bank borrowings and overdrafts	4,901	6,890
Taxation and social security	-	127
Finance lease and HP contracts	-	14,301
Other creditors	57,587	46,539
Total	62,734	68,350

6.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	-		33,175

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
NORMAN, Myles Stewart	(3,236)	48	792	(3,980)
	(3,236)	48	792	(3,980)