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REGISTERED NUMBER: 06707564 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Norpath TLC Limited

Norpath TLC Limited (Registered number: 06707564)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Norpath TLC Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: M Wood
M J Bartlett
Mrs C Wood





SECRETARY: Mrs C Wood





REGISTERED OFFICE: Cedarshade
Ashbrooke Range
Sunderland
Tyne and Wear
SR2 7TR





REGISTERED NUMBER: 06707564 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Norpath TLC Limited (Registered number: 06707564)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,058 1,383

CURRENT ASSETS
Debtors 5 27,282 26,018
Cash at bank 14,497 6,755
41,779 32,773
CREDITORS
Amounts falling due within one year 6 30,904 28,713
NET CURRENT ASSETS 10,875 4,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,933

5,443

PROVISIONS FOR LIABILITIES 391 263
NET ASSETS 12,542 5,180

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 12,539 5,177
SHAREHOLDERS' FUNDS 12,542 5,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Norpath TLC Limited (Registered number: 06707564)

Statement of Financial Position - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by:





M Wood - Director


Norpath TLC Limited (Registered number: 06707564)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Norpath TLC Limited 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 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those concluded at market rate.

Turnover
Turnover represents sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - Straight line over 3 years
Office furniture & equipment - 10% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Norpath TLC Limited (Registered number: 06707564)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 6,311
Additions 969
Disposals (3,325 )
At 28 February 2023 3,955
DEPRECIATION
At 1 March 2022 4,928
Charge for year 294
Eliminated on disposal (3,325 )
At 28 February 2023 1,897
NET BOOK VALUE
At 28 February 2023 2,058
At 28 February 2022 1,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,488 24,224
Other debtors 1,794 1,794
27,282 26,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 9,987 10,000
Taxation and social security 12,549 7,935
Other creditors 8,368 10,778
30,904 28,713

7. PARENT COMPANY

The company is a subsidiary of Norpath (Management) Limited, a company incorporated in the United Kingdom. The registered office address is Cedarshade, Ashbrooke Range, Sunderland, Tyne and Wear SR2 7TR.