Nortronic Cable Harnessing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03941051

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

NORTRONIC CABLE HARNESSING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Davies

Mrs S Davies

SECRETARY:

S M Davies

REGISTERED OFFICE:

Unit S1

Herald Park Industrial Estate

Herald Drive

CREWE

Cheshire

CW1 6EA

REGISTERED NUMBER:

03941051

FIXED ASSETS

Tangible assets

4

45,280

48,915

CURRENT ASSETS

Stocks

69,648

80,148

Debtors

5

234,785

187,232

Cash at bank and in hand

4,905

131,868

309,338

399,248

CREDITORS

Amounts falling due within one year

6

250,072

105,711

NET CURRENT ASSETS

59,266

293,537

TOTAL ASSETS LESS CURRENT LIABILITIES

104,546

342,452

CREDITORS

Amounts falling due after more than one year

7

(60,597

)

-

PROVISIONS FOR LIABILITIES

(8,941

)

(8,941

)

NET ASSETS

35,008

333,511

CAPITAL AND RESERVES

Called up share capital

50

100

Capital redemption reserve

8

50

-

Retained earnings

8

34,908

333,411

SHAREHOLDERS' FUNDS

35,008

333,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 August 2018 and were signed on its behalf by:

S M Davies - Director

1.	STATUTORY INFORMATION

Nortronic Cable Harnessing Ltd is a private company, limited by shares , registered in Not

specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2017 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

111,736

31,817

30,679

174,232

Additions

2,753

-

1,604

4,357

At 31 March 2018

114,489

31,817

32,283

178,589

DEPRECIATION

At 1 April 2017

80,753

27,425

17,139

125,317

Charge for year

5,061

659

2,272

7,992

At 31 March 2018

85,814

28,084

19,411

133,309

NET BOOK VALUE

At 31 March 2018

28,675

3,733

12,872

45,280

At 31 March 2017

30,983

4,392

13,540

48,915

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade debtors

226,107

182,381

Other debtors

8,678

4,851

234,785

187,232

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans and overdrafts

5,482

-

Trade creditors

59,536

41,526

Taxation and social security

78,558

62,855

Other creditors

106,496

1,330

250,072

105,711

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans

38,839

-

Other creditors

21,758

-

60,597

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,913

-

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2017

333,411

-

333,411

Profit for the year

95,568

95,568

Dividends

(50,571

)

(50,571

)

Purchase of own shares

(343,500

)

50

(343,450

)

At 31 March 2018

34,908

50

34,958

9.	ULTIMATE CONTROLLING PARTY

Throughout the period of account the company was controlled by SM Davies by way of his majority

shareholding.