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REGISTERED NUMBER: 02264792 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

NORTHERN & CENTRAL ORMSKIRK LIMITED

NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN & CENTRAL ORMSKIRK LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr D J Farrimond
Mrs P Farrimond
Mr D B Farrimond



SECRETARY: Mr D J Farrimond



REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



REGISTERED NUMBER: 02264792 (England and Wales)



ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



BANKERS: National Westminster Bank PLC
PO Box 65
2 Chestergate
Macclesfield
SK11 6BS

NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,006 74,480

CURRENT ASSETS
Stocks 5 196,228 197,589
Debtors 6 286,693 337,429
Cash at bank and in hand 109,024 168,361
591,945 703,379
CREDITORS
Amounts falling due within one year 7 206,374 325,367
NET CURRENT ASSETS 385,571 378,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,577

452,492

CREDITORS
Amounts falling due after more than one
year

8

(1,271

)

(4,321

)

PROVISIONS FOR LIABILITIES 9 (5,937 ) (8,944 )
NET ASSETS 435,369 439,227

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 435,269 439,127
SHAREHOLDERS' FUNDS 435,369 439,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)

BALANCE SHEET - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr D B Farrimond - Director


NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Northern & Central Ormskirk 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 27,704 98,040 79,622 205,366
Additions 61 - 1,314 1,375
At 31 January 2023 27,765 98,040 80,936 206,741
DEPRECIATION
At 1 February 2022 26,614 33,533 70,739 130,886
Charge for year 173 16,127 2,549 18,849
At 31 January 2023 26,787 49,660 73,288 149,735
NET BOOK VALUE
At 31 January 2023 978 48,380 7,648 57,006
At 31 January 2022 1,090 64,507 8,883 74,480

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 February 2022
and 31 January 2023 9,150
DEPRECIATION
At 1 February 2022 2,288
Charge for year 1,715
At 31 January 2023 4,003
NET BOOK VALUE
At 31 January 2023 5,147
At 31 January 2022 6,862

5. STOCKS
31.1.23 31.1.22
£    £   
Stocks 196,228 197,589

NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 262,962 284,117
Associated companies 2,186 28,752
Corporation tax 3,012 8,362
Prepayments and accrued income 18,533 16,198
286,693 337,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 3,050 3,050
Trade creditors 84,798 213,868
Corporation tax 2,167 -
Social security 3,244 3,343
VAT 15,040 6,843
Parent company 59,354 63,324
Associated companies 12,483 9,900
Accrued expenses 26,238 25,039
206,374 325,367

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 1,271 4,321

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 5,937 8,944

Deferred
tax
£   
Balance at 1 February 2022 8,944
Accelerated capital allowances (3,007 )
Balance at 31 January 2023 5,937

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

NORTHERN & CENTRAL ORMSKIRK LIMITED (REGISTERED NUMBER: 02264792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

11. RESERVES
Retained
earnings
£   

At 1 February 2022 439,127
Deficit for the year (3,858 )
At 31 January 2023 435,269

12. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of its parent company, N&C Group UK Ltd. Transactions have taken place with the group companies listed below:

NAME RELATIONSHIP

N&C Group UK Ltd Parent company
Northern & Central Buxton Limited Fellow subsidiary
Northern & Central Macclesfield Limited Fellow subsidiary
Northern & Central Wigan Limited Fellow subsidiary

Consultancy fees of £59,000 (2022 - £20,000) were paid to N&C Group UK Limited during the year. The other aggregated transactions which are considered to be material and which have not been disclosed elsewhere in the financial statements amounted to:

Sales Purchases
2023 2022 2023 2022
£ £ £ £

Northern & Central Buxton Limited 12,532 10,287 51,714 47,554
Northern & Central Macclesfield Limited 52,974 64,391 21,505 22,588
Northern & Central Wigan Limited 164,516 154,929 (18,083 ) (11,512 )
230,022 229,607 55,136 58,630

The above transactions were all performed at cost.

Amounts due to the ultimate parent company and amounts due from and to fellow subsidiaries are disclosed in notes 6 and 7 of these financial statements.

13. ULTIMATE CONTROLLING PARTY

The controlling party is N&C Group UK Ltd.

The ultimate controlling party is Mr D B Farrimond.