Northern Carbide Holdings Limited 04863011 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Activities of a holding company Digita Accounts Production Advanced 6.30.9574.0 false 04863011 2022-09-01 2023-08-31 04863011 2023-08-31 04863011 bus:Revised 2023-08-31 04863011 core:RetainedEarningsAccumulatedLosses 2023-08-31 04863011 core:ShareCapital 2023-08-31 04863011 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 04863011 bus:SmallEntities 2022-09-01 2023-08-31 04863011 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04863011 bus:FullAccounts 2022-09-01 2023-08-31 04863011 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04863011 bus:RegisteredOffice 2022-09-01 2023-08-31 04863011 bus:Director2 2022-09-01 2023-08-31 04863011 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04863011 core:AllSubsidiaries 2022-09-01 2023-08-31 04863011 countries:AllCountries 2022-09-01 2023-08-31 04863011 core:CostValuation 2022-08-31 04863011 2021-09-01 2022-08-31 04863011 2022-08-31 04863011 core:RetainedEarningsAccumulatedLosses 2022-08-31 04863011 core:ShareCapital 2022-08-31 04863011 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 04863011

Northern Carbide Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Northern Carbide Holdings Limited

Contents

Statement Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Northern Carbide Holdings Limited

(Registration number: 04863011)
Statement Financial Position as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,310,025

1,310,025

Creditors: Amounts falling due within one year

5

-

(503,435)

Net assets

 

1,310,025

806,590

Capital and reserves

 

Called up share capital

799,000

799,000

Retained earnings

511,025

7,590

Shareholders' funds

 

1,310,025

806,590

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
MP Hester
Director

 

Northern Carbide Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Walse.

The address of its registered office is:
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
United Kingdom

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies.

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the opinion of the directors there are no critical accounting judgements..

 

Northern Carbide Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less and accumulated impairment losses.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

For all equity instruments regardless of significance and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,310,025

1,310,025

Subsidiaries

£

Cost or valuation

At 1 September 2022

1,310,025

Provision

Carrying amount

At 31 August 2023

1,310,025

At 31 August 2022

1,310,025

 

Northern Carbide Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6

-

503,435

6

Related party transactions

Summary of transactions with all subsidiaries

Included within creditors is an amount of £0 (2022: £503,435) owed to Northern Carbide Specialists Limited, a wholly owned subsidiary of the company. The balance was written off during the year.