Norton Vickers Ltd - Accounts to registrar (filleted) - small 18.2

Norton Vickers Ltd - Accounts to registrar (filleted) - small 18.2

NORTON VICKERS LTD - Company Information

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REGISTERED NUMBER: 09939435 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2018

for

Norton Vickers Ltd
Norton Vickers Ltd (Registered number: 09939435)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Norton Vickers Ltd

Company Information
for the Year Ended 31 January 2018







DIRECTORS: J Norton
L Chilcott
O Bright





REGISTERED OFFICE: 7 Soundwell Road
Staple Hill
Bristol
Avon
BS16 4QG





REGISTERED NUMBER: 09939435 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG
Page 1
Norton Vickers Ltd (Registered number: 09939435)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,600 56,800

CURRENT ASSETS
Debtors 5 24,510 22,857
Cash at bank 109,392 91,789
133,902 114,646
CREDITORS
Amounts falling due within one year 6 42,718 42,759
NET CURRENT ASSETS 91,184 71,887
TOTAL ASSETS LESS CURRENT
LIABILITIES
133,784
128,687

CREDITORS
Amounts falling due after more than one year 7 126,839 126,738
NET ASSETS 6,945 1,949

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,845 1,849
6,945 1,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 12 October 2018 and were signed on its behalf by:



O Bright - Director


The notes form part of these financial statements

Page 2
Norton Vickers Ltd (Registered number: 09939435)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

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

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3 continued...
Norton Vickers Ltd (Registered number: 09939435)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2017
and 31 January 2018 71,000
AMORTISATION
At 1 February 2017 14,200
Charge for year 14,200
At 31 January 2018 28,400
NET BOOK VALUE
At 31 January 2018 42,600
At 31 January 2017 56,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade debtors 24,229 22,803
Other debtors 281 54
24,510 22,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade creditors - 1
Taxation and social security 14,920 13,783
Other creditors 27,798 28,975
42,718 42,759

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.18 31.1.17
£    £   
Other creditors 126,839 126,738

Page 4