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REGISTERED NUMBER: 03123113 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

N&C GROUP UK LTD

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N&C GROUP UK LTD

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mrs P Farrimond
Miss J K Farrimond
D J Farrimond
D B Farrimond





SECRETARY: D J Farrimond





REGISTERED OFFICE: c/o Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 03123113 (England and Wales)





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

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,274 5,156
Investments 5 616,500 616,500
620,774 621,656

CURRENT ASSETS
Debtors 6 290,503 283,413
Cash at bank 25,147 25,681
315,650 309,094
CREDITORS
Amounts falling due within one year 7 91,200 88,390
NET CURRENT ASSETS 224,450 220,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,224

842,360

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Share premium 9 562,500 562,500
Retained earnings 9 272,724 269,860
SHAREHOLDERS' FUNDS 845,224 842,360

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.

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:



D B Farrimond - Director


N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

1. STATUTORY INFORMATION

N&C Group UK Ltd 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.
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on cost

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.

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 4 (2022 - 4 ) .

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 5,673 7,325 12,998
DEPRECIATION
At 1 February 2022 1,600 6,242 7,842
Charge for year 611 271 882
At 31 January 2023 2,211 6,513 8,724
NET BOOK VALUE
At 31 January 2023 3,462 812 4,274
At 31 January 2022 4,073 1,083 5,156

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 February 2022
and 31 January 2023 616,500
NET BOOK VALUE
At 31 January 2023 616,500
At 31 January 2022 616,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Northern & Central Wigan Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
31.1.23 31.1.22
£    £   
Aggregate capital and reserves 854,432 851,533
Profit for the year 2,899 106,330

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

5. FIXED ASSET INVESTMENTS - continued

Northern & Central Ormskirk Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
31.1.23 31.1.22
£    £   
Aggregate capital and reserves 435,369 439,227
(Loss)/profit for the year (3,858 ) 14,047

Northern & Central Buxton Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
31.1.23 31.1.22
£    £   
Aggregate capital and reserves 1,018,706 988,517
Profit for the year 16,989 41,438

Northern & Central Macclesfield Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
31.1.23 31.1.22
£    £   
Aggregate capital and reserves 400,939 399,126
Profit for the year 1,813 29,969

Investment
at Cost
£
Northern & Central Wigan Limited 296,500
Northern & Central Ormskirk Limited35,000
Northern & Central Buxton Limited160,000
Northern & Central Macclesfield Limited125,000
616,500


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Amounts due from subsidiaries 284,435 278,487
Prepayments and accrued income 6,068 4,926
290,503 283,413

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 1,637 -
Tax 15,657 1,959
Social security and other taxes 1,116 15,473
VAT 9,860 8,382
Directors' current accounts 60,430 60,076
Accrued expenses 2,500 2,500
91,200 88,390

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2022 269,860 562,500 832,360
Profit for the year 65,864 65,864
Dividends (63,000 ) (63,000 )
At 31 January 2023 272,724 562,500 835,224

10. RELATED PARTY DISCLOSURES

Mr D J Farrimond, Mrs P Farrimond and Mr D B Farrimond, directors of the company, are also the directors of the subsidiary undertakings listed in note 8. Consultancy fees were received from the subsidiary undertakings as follows:

2023 2022
£ £
Northern & Central Wigan Limited123,500126,000
Northern & Central Ormskirk Limited59,00020,000
Northern & Central Macclesfield Limited 12,00010,000
Northern & Central Buxton Limited116,00091,500
310,500247,500