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REGISTERED NUMBER: 04165250 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Town and Country (Northern) Limited

Town and Country (Northern) Limited (Registered number: 04165250)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Town and Country (Northern) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S A Morten
Mrs J E Morten





SECRETARY: S A Morten





REGISTERED OFFICE: Smalldale Farm
Smalldale
Buxton
Derbyshire
SK17 8EA





REGISTERED NUMBER: 04165250 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Town and Country (Northern) Limited (Registered number: 04165250)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,073,526 946,979

CURRENT ASSETS
Stocks 5 60,000 68,250
Debtors 6 3,910,246 3,972,769
Cash at bank 54,148 332,166
4,024,394 4,373,185
CREDITORS
Amounts falling due within one year 7 3,073,302 3,264,428
NET CURRENT ASSETS 951,092 1,108,757
TOTAL ASSETS LESS CURRENT LIABILITIES 2,024,618 2,055,736

CREDITORS
Amounts falling due after more than one year 8 (90,863 ) (114,620 )

PROVISIONS FOR LIABILITIES (203,971 ) (170,378 )
NET ASSETS 1,729,784 1,770,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,729,684 1,770,638
SHAREHOLDERS' FUNDS 1,729,784 1,770,738

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





S A Morten - Director


Town and Country (Northern) Limited (Registered number: 04165250)

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

1. STATUTORY INFORMATION

Town and Country (Northern) 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.
Land and buildings - not provided
Plant and machinery - 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.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairments found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

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

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.

Town and Country (Northern) Limited (Registered number: 04165250)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and Motor Computer
buildings machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 50,257 2,396,367 48,821 7,919 2,503,364
Additions - 646,315 32,500 10,015 688,830
Disposals (50,257 ) (646,082 ) (48,821 ) - (745,160 )
At 30 June 2023 - 2,396,600 32,500 17,934 2,447,034
DEPRECIATION
At 1 July 2022 - 1,536,261 12,205 7,919 1,556,385
Charge for year - 347,480 8,125 3,305 358,910
Eliminated on disposal - (529,582 ) (12,205 ) - (541,787 )
At 30 June 2023 - 1,354,159 8,125 11,224 1,373,508
NET BOOK VALUE
At 30 June 2023 - 1,042,441 24,375 6,710 1,073,526
At 30 June 2022 50,257 860,106 36,616 - 946,979

Fixed assets above include plant and machinery with a net book value of £330,864 (2022 - £249,747) and motor vehicles with a net book value of £nil (2022 - £35,850) that are subject to hire purchase.

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 60,000 68,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,908,655 3,968,059
Directors' current accounts 1,591 -
Tax - 4,710
3,910,246 3,972,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,120 10,360
Hire purchase contracts 115,931 73,215
Trade creditors 2,737,269 3,046,120
Social security and other taxes 18,844 15,095
VAT 111,814 43,849
Other creditors 56,971 51,842
Credit card 827 2,220
Directors' current accounts - 11
Accrued expenses 21,526 21,716
3,073,302 3,264,428

Town and Country (Northern) Limited (Registered number: 04165250)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,120 10,360
Bank loans - 2-5 years 15,593 24,951
Hire purchase contracts 65,150 79,309
90,863 114,620

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
S A Morten
Balance outstanding at start of year - -
Amounts advanced 1,590 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,590 -