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REGISTERED NUMBER: 13338195 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Northern Log Cabins Limited

Northern Log Cabins Limited (Registered number: 13338195)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Northern Log Cabins Limited

Company Information
for the Year Ended 30 April 2023







Director: Mr J J Bradley





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 13338195 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Northern Log Cabins Limited (Registered number: 13338195)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,000 36,000
Tangible assets 5 34,585 30,711
66,585 66,711

CURRENT ASSETS
Stocks 3,000 -
Debtors 6 120,010 166,122
Cash at bank 66 25,768
123,076 191,890
CREDITORS
Amounts falling due within one year 7 100,328 117,522
NET CURRENT ASSETS 22,748 74,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,333

141,079

CREDITORS
Amounts falling due after more than one
year

8

(11,691

)

(17,532

)

PROVISIONS FOR LIABILITIES (6,186 ) (5,835 )
NET ASSETS 71,456 117,712

Northern Log Cabins Limited (Registered number: 13338195)

Balance Sheet - continued
30 April 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 71,356 117,612
SHAREHOLDERS' FUNDS 71,456 117,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 29 September 2023 and were signed by:





Mr J J Bradley - Director


Northern Log Cabins Limited (Registered number: 13338195)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Northern Log Cabins 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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 balance sheet date.


Northern Log Cabins Limited (Registered number: 13338195)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 40,000
AMORTISATION
At 1 May 2022 4,000
Charge for year 4,000
At 30 April 2023 8,000
NET BOOK VALUE
At 30 April 2023 32,000
At 30 April 2022 36,000

Northern Log Cabins Limited (Registered number: 13338195)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 446 3,922 28,527 3,655 36,550
Additions 4,930 - 5,855 2,855 13,640
At 30 April 2023 5,376 3,922 34,382 6,510 50,190
DEPRECIATION
At 1 May 2022 17 685 4,717 420 5,839
Charge for year 426 808 7,294 1,238 9,766
At 30 April 2023 443 1,493 12,011 1,658 15,605
NET BOOK VALUE
At 30 April 2023 4,933 2,429 22,371 4,852 34,585
At 30 April 2022 429 3,237 23,810 3,235 30,711

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022
and 30 April 2023 27,970
DEPRECIATION
At 1 May 2022 4,662
Charge for year 5,827
At 30 April 2023 10,489
NET BOOK VALUE
At 30 April 2023 17,481
At 30 April 2022 23,308

Northern Log Cabins Limited (Registered number: 13338195)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 109,881 166,122
Other debtors 10,129 -
120,010 166,122

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,855 -
Hire purchase contracts 5,832 5,832
Trade creditors 9,930 7,551
Corporation tax - 24,666
Social security and other taxes 70 -
VAT 18,672 756
Other creditors 2,623 -
Directors' current accounts 43,646 77,017
Accruals and deferred income 1,700 1,700
100,328 117,522

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 11,691 17,532

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50
50 A Ordinary £1 50 50
100 100