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REGISTERED NUMBER: 04685718 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Northern Commercial Brokers Limited

Northern Commercial Brokers Limited (Registered number: 04685718)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Northern Commercial Brokers Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J M White
M White





REGISTERED OFFICE: 3 Old Parish Hall
Dudley Lane
Cramlington
Northumberland
NE23 6UW





REGISTERED NUMBER: 04685718 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Northern Commercial Brokers Limited (Registered number: 04685718)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,960 6,017
Investments 6 328,152 329,802
334,112 335,819

CURRENT ASSETS
Debtors 7 26,551 11,813
Cash at bank and in hand 92,110 98,967
118,661 110,780
CREDITORS
Amounts falling due within one year 8 27,394 59,927
NET CURRENT ASSETS 91,267 50,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,379

386,672

PROVISIONS FOR LIABILITIES 9 - 1,040
NET ASSETS 425,379 385,632

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 53,152 54,802
Retained earnings 372,127 330,730
SHAREHOLDERS' FUNDS 425,379 385,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Commercial Brokers Limited (Registered number: 04685718)

Balance Sheet - continued
31 August 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 24 October 2023 and were signed on its behalf by:





J M White - Director


Northern Commercial Brokers Limited (Registered number: 04685718)

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

1. STATUTORY INFORMATION

Northern Commercial Brokers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 2009, is being amortised evenly over its estimated useful life of five years.

Goodwill has now been fully amortised.

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.

Franchise are being amortised evenly over their estimated useful life of eight years.

Franchise has now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on reducing balance

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.


Northern Commercial Brokers Limited (Registered number: 04685718)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 September 2022
and 31 August 2023 45,461 23,838 69,299
AMORTISATION
At 1 September 2022
and 31 August 2023 45,461 23,838 69,299
NET BOOK VALUE
At 31 August 2023 - - -
At 31 August 2022 - - -

Northern Commercial Brokers Limited (Registered number: 04685718)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 September 2022 14,275 15,229 29,504
Additions - 1,850 1,850
At 31 August 2023 14,275 17,079 31,354
DEPRECIATION
At 1 September 2022 12,761 10,726 23,487
Charge for year 227 1,680 1,907
At 31 August 2023 12,988 12,406 25,394
NET BOOK VALUE
At 31 August 2023 1,287 4,673 5,960
At 31 August 2022 1,514 4,503 6,017

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1 September 2022 329,802
Revaluations (1,650 )
At 31 August 2023 328,152
NET BOOK VALUE
At 31 August 2023 328,152
At 31 August 2022 329,802

Cost or valuation at 31 August 2023 is represented by:

Other
investments
£
Valuation in 2022 329,802
Valuation in 2023 (1,650 )
328,152

Northern Commercial Brokers Limited (Registered number: 04685718)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Other debtors - 1,793
Corporation tax refund 6,333 6,333
Accruals 16,525 -
Prepayments 3,693 3,687
26,551 11,813

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Tax 22,354 20,070
Other creditors 293 -
Directors' loan accounts 4,140 39,690
Accrued expenses 607 167
27,394 59,927

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£ £
Deferred tax - 1,040

Deferred tax
£
Balance at 1 September 2022 1,040
Credit to Income Statement during year (1,040 )
Balance at 31 August 2023 -

10. RESERVES
Fair value
reserve
£
At 1 September 2022 54,802
Reserve transfer (1,650 )

At 31 August 2023 53,152

Northern Commercial Brokers Limited

Report of the Accountants to the Directors of
Northern Commercial Brokers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


24 October 2023