Norcott Technologies Limited - Limited company - abbreviated - 11.9
Norcott Technologies Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| FOR |
| NORCOTT TECHNOLOGIES LIMITED |
| NORCOTT TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03383161) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 30 JUNE 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| NORCOTT TECHNOLOGIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 JUNE 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| NORCOTT TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03383161) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| NORCOTT TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03383161) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 JUNE 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Mrs H J Adkins - Director | P B Lomas - Director |
| R P Magee - Director |
| NORCOTT TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03383161) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 30 JUNE 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoices sales of goods including amounts recoverable under contracts |
| excluding VAT. |
| Tangible fixed assets |
| Short leasehold | - |
| Assembly equipment | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of timing differences to the extent that the directors consider that |
| they will reverse within the foreseeable future. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| 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 the profit and loss account over the relevant |
| period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| NORCOTT TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03383161) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 JUNE 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 July 2014 |
| and 30 June 2015 | 1 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| NORCOTT TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03383161) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 JUNE 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| A Ordinary | 30p |
| B Ordinary | 30p |
| C Ordinary | 30p |
| 252,030 | D Ordinary | 30p | 75,609 | 75,609 |
| 252,030 | 252,030 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2015 and |
| 30 June 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| NORCOTT TECHNOLOGIES LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
| pages two to six) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
| the financial statements of Norcott Technologies Limited for the year ended 30 June 2015 which comprise the |
| Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records |
| and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Norcott Technologies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Norcott Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Norcott Technologies Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Norcott Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Norcott Technologies Limited. You consider that Norcott Technologies Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Norcott |
| Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting |
| records or information and explanations you have given to us and we do not, therefore, express any opinion |
| on the statutory financial statements. |
| 5 November 2015 |