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REGISTERED NUMBER: 04895079 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2023 |

| FOR |

| NORTHERN AUTOMOTIVE ALLIANCE LTD |

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2023

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| NORTHERN AUTOMOTIVE ALLIANCE LTD |

COMPANY INFORMATION

for the Year Ended 31 March 2023

| DIRECTORS: | S M Williams

| W T K Jacklin

| D P Jones

| M J Kershaw

| SECRETARY: | D P Jones

| REGISTERED OFFICE: | AMRC North West

| Roy Chadwick Way

| Salmesbury Enterprise Zone

| Blackburn

| Lancashire

| BB2 7HP

| REGISTERED NUMBER: | 04895079 (England and Wales)

| AUDITORS: | Fairhurst

| Statutory Auditor

| Chartered Accountants

| Douglas Bank House

| Wigan Lane

| Wigan

| Lancashire

| WN1 2TB

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079) |

STATEMENT OF FINANCIAL POSITION

31 March 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 5,231 |  | 6,538 |  |

CURRENT ASSETS

Stocks | 100 |  | 100 |  |

Debtors | 5 | 52,192 |  | 22,365 |  |

Cash at bank and in hand | 138,480 |  | 132,629 |  |

190,772 |  | 155,094 |  |

CREDITORS

Amounts falling due within one year | 6 | 53,629 |  | 78,613 |  |

NET CURRENT ASSETS | 137,143 |  | 76,481 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 142,374 |  | 83,019 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 17,130 |  | 19,908 |  |

NET ASSETS | 125,244 |  | 63,111 |  |

RESERVES

Income and expenditure account | 125,244 |  | 63,111 |  |

125,244 |  | 63,111 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 September 2023 and were signed on its behalf by:

D P Jones - Director

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2023

1. | STATUTORY INFORMATION

| Northern Automotive Alliance Ltd is a private company, limited by guarantee , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| At the time of approving the financial statements, the directors have every expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

| Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| The principal accounting policies adopted in the preparation of the financial statements are set out below.

| Income and funding receivable

| Income from fundraising events and membership fees are accounted for on an accruals basis and recorded net of VAT.

| Income in respect of consultancy and training provided is accounted for when the right to income has passed.

| Government funding and other grants receivable are also accounted for on an accruals basis and income is recognised once the corresponding expenditure has been defrayed.

| Amortisation

| Amortisation is provided to write off the cost of web-site design costs at a rate of 20% per annum on a reducing balance basis.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Short term financial assets and liabilities, including trade and other debtors, cash and bank balances and trade and other creditors, are measured at the transaction price. Financial assets and liabilities that have no stated interest rate and are recoverable within one year shall be measured at their undiscounted value.

| 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.

| Corporation tax

| There is no provision for Corporation Tax as HMRC have recognised the company as a non-profit making entity.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2022 - 3 ) .

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2023

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2022

| and 31 March 2023 | 43,548 |  |

| AMORTISATION

| At 1 April 2022 | 37,010 |  |

| Charge for year | 1,307 |  |

| At 31 March 2023 | 38,317 |  |

| NET BOOK VALUE

| At 31 March 2023 | 5,231 |  |

| At 31 March 2022 | 6,538 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade debtors | 28,544 |  | 21,050 |  |

| Other debtors | 23,648 |  | 1,315 |  |

52,192 |  | 22,365 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans and overdrafts | 2,778 |  | 2,778 |  |

| Trade creditors | 109 |  | 3,599 |  |

| Social security and other taxes | 8,811 |  | 14,161 |  |

| Other creditors | 41,931 |  | 58,075 |  |

53,629 |  | 78,613 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans - 1-2 years | 2,778 |  | 2,778 |  |

| Bank loans - 2-5 years | 14,352 |  | 17,130 |  |

17,130 |  | 19,908 |  |

8. | SECURED DEBTS

| Santander UK Plc hold a fixed and floating charge dated 21 February 2019 covering all the property or undertaking of the company.

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2023

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mrs Jane Dennis BA(Hons) FCA (Senior Statutory Auditor)

| for and on behalf of Fairhurst

10. | LIMITED BY GUARANTEE

| The liability of the members is limited.

| Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the assets of the Company if it should be wound up whilst he is a member or within one year after he ceases to be a member.