IRIS Accounts Production
v18.2.1.62
05547506
Board of Directors
1.1.17
31.12.17
31.12.17
17.9.18
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Auditors Opinion
Ordinary
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05547506
2016-12-31
05547506
2017-12-31
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2017-01-01
2017-12-31
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2015-12-31
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2016-01-01
2016-12-31
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2016-12-31
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2017-01-01
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2017-01-01
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2017-01-01
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REGISTERED NUMBER:
05547506
(England and Wales)
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AUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31 DECEMBER 2017
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NORBAR TORQUE TOOLS (CHINA) LIMITED
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Notes to the Financial Statements
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3
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REGISTERED OFFICE:
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Wildmere Road
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REGISTERED NUMBER:
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05547506 (England and Wales)
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AUDITORS:
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Luckmans Duckett Parker Limited
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Investments
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3
|
540,194
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|
540,194
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|
|
Cash at bank
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12,491
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|
12,551
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|
|
Amounts falling due within one year
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4
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630,598
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|
638,495
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|
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NET CURRENT LIABILITIES
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(618,107
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) |
(625,944
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) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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(77,913
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) |
(85,750
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) |
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Called up share capital
|
5
|
2
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|
2
|
|
|
Retained earnings
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6
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(77,915
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) |
(85,752
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) |
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SHAREHOLDERS' FUNDS
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(77,913
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) |
(85,750
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) |
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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
13 September 2018 and were signed on
its behalf by:
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Norbar Torque Tools (China) Limited is a
private company, limited by shares , registered in England
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and Wales. The company's registered number and registered office address can be found on the
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Company Information page.
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The presentation currency of the financial statements is the Pound Sterling (£).
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Basis of preparing the financial statements
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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. |
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Investments in subsidiaries
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Investments in subsidiary undertakings are recognised at cost.
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Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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except to the extent that it relates to items recognised in other comprehensive income or directly in
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
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enacted or substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods
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different from those in which they are recognised in financial statements. Deferred tax is measured
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using tax rates and laws that have been enacted or substantively enacted by the year end and that are
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expected to apply to the reversal of the timing difference.
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
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that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
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the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
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exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
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3.
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FIXED ASSET INVESTMENTS
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and 31 December 2017
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540,194
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At 31 December 2017
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540,194
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|
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At 31 December 2016
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540,194
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4.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Bank loans and overdrafts
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44
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|
38
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|
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Amounts owed to participating interests
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629,054 |
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433,781 |
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Directors' current accounts
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- |
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203,176 |
|
|
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Accrued expenses
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1,500
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|
1,500
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5.
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CALLED UP SHARE CAPITAL
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Number:
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Class:
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Nominal
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2017
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2016
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At 1 January 2017
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(85,752
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) |
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Profit for the year
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7,837
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|
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At 31 December 2017
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(77,915
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) |
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7.
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DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
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The Report of the Auditors was unqualified.
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|
Mark Spafford FCCA ACA (Senior Statutory Auditor)
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for and on behalf of
Luckmans Duckett Parker Limited |
8.
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RELATED PARTY DISCLOSURES
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Entities of which this company is a joint venture
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Loans payable
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|
629,054
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|
430,790
|
|
|
|
Key management personnel of the entity
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|
Loans payable
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|
NIL
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203,176
|
|
|