IRIS Accounts Production v23.3.0.418 03789798 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037897982022-03-31037897982023-03-31037897982022-04-012023-03-31037897982021-03-31037897982021-04-012022-03-31037897982022-03-3103789798ns10:Originalns15:EnglandWales2022-04-012023-03-3103789798ns14:PoundSterlingns10:Original2022-04-012023-03-3103789798ns10:Originalns10:Director12022-04-012023-03-3103789798ns10:Original2022-04-012023-03-3103789798ns10:Original2023-03-3103789798ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103789798ns10:Originalns10:SmallEntities2022-04-012023-03-3103789798ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3103789798ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103789798ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103789798ns10:Originalns10:FullAccounts2022-04-012023-03-3103789798ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3103789798ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3103789798ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3103789798ns10:Originalns10:OrdinaryShareClass42022-04-012023-03-3103789798ns10:Originalns10:OrdinaryShareClass52022-04-012023-03-3103789798ns10:Originalns10:Director22022-04-012023-03-3103789798ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103789798ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103789798ns10:Original2022-03-3103789798ns10:Originalns5:CurrentFinancialInstruments2023-03-3103789798ns10:Originalns5:CurrentFinancialInstruments2022-03-3103789798ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103789798ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103789798ns5:ShareCapitalns10:Original2023-03-3103789798ns5:ShareCapitalns10:Original2022-03-3103789798ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103789798ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103789798ns10:Original2021-04-012022-03-3103789798ns10:Originalns5:PlantMachinery2022-03-3103789798ns10:Originalns5:MotorVehicles2022-03-3103789798ns10:Originalns5:ComputerEquipment2022-03-3103789798ns10:Original2022-03-3103789798ns10:Originalns5:PlantMachinery2022-04-012023-03-3103789798ns10:Originalns5:MotorVehicles2022-04-012023-03-3103789798ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103789798ns10:Originalns5:PlantMachinery2023-03-3103789798ns10:Originalns5:MotorVehicles2023-03-3103789798ns10:Originalns5:ComputerEquipment2023-03-3103789798ns10:Originalns5:PlantMachinery2022-03-3103789798ns10:Originalns5:MotorVehicles2022-03-3103789798ns10:Originalns5:ComputerEquipment2022-03-3103789798ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103789798ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103789798ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3103789798ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3103789798ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-03-3103789798ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-03-3103789798ns10:Originalns5:TaxLossesCarry-forwardsDeferredTax2023-03-3103789798ns10:Originalns5:TaxLossesCarry-forwardsDeferredTax2022-03-3103789798ns10:Originalns5:DeferredTaxation2022-03-3103789798ns10:Originalns5:DeferredTaxation2022-04-012023-03-3103789798ns10:Originalns5:DeferredTaxation2023-03-3103789798ns10:Originalns10:OrdinaryShareClass12023-03-3103789798ns10:Originalns10:OrdinaryShareClass22023-03-3103789798ns10:OrdinaryShareClass3ns10:Original2023-03-3103789798ns10:Originalns10:OrdinaryShareClass42023-03-3103789798ns10:Originalns10:OrdinaryShareClass52023-03-31
REGISTERED NUMBER: 03789798 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

G.K.L. NORTHERN LIMITED

G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 4

Notes to the Financial Statements 6


G.K.L. NORTHERN LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: Eamonn Michael Killoughery
James Andrew Brackenbury





SECRETARY: Susan Killoughery





REGISTERED OFFICE: Unit 2
Varity Park
Vicarage Farm Road
Peterborough
Cambridgeshire
PE1 5GU





REGISTERED NUMBER: 03789798 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G.K.L. NORTHERN 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.k.l. Northern Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of G.k.l. Northern Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.k.l. Northern Limited and state those matters that we have agreed to state to the Board of Directors of G.k.l. Northern Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G.k.l. Northern Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.k.l. Northern Limited. You consider that G.k.l. Northern Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.k.l. Northern Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G.K.L. NORTHERN LIMITED


TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX


Date: .............................................

G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,552 7,202

CURRENT ASSETS
Stocks 6 70,000 70,000
Debtors 7 1,070,944 1,145,772
Cash at bank 2,946 22,899
1,143,890 1,238,671
CREDITORS
Amounts falling due within one year 8 229,254 358,006
NET CURRENT ASSETS 914,636 880,665
TOTAL ASSETS LESS CURRENT LIABILITIES 932,188 887,867

CREDITORS
Amounts falling due after more than
one year

9

(521,667

)

(531,667

)

PROVISIONS FOR LIABILITIES 12 (3,335 ) (1,270 )
NET ASSETS 407,186 354,930

CAPITAL AND RESERVES
Called up share capital 13 540 540
Retained earnings 406,646 354,390
SHAREHOLDERS' FUNDS 407,186 354,930

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

STATEMENT OF FINANCIAL POSITION - continued
31 March 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 3 November 2023 and were signed on its behalf by:





James Andrew Brackenbury - Director


G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

G.K.L Northern Limited is a private company, limited by shares, registered in England and Wales under the company number 03789798 at the registered office of Unit 2, Varity Park, Vicarage Farm Road, Peterborough, PE1 5GU.

The presentation currency is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life:

Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 30% 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and third parties and connected companies.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 22 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 58,000 84,510 101,410 243,920
Additions - 14,688 - 14,688
Disposals (58,000 ) - - (58,000 )
At 31 March 2023 - 99,198 101,410 200,608
DEPRECIATION
At 1 April 2022 55,126 82,940 98,652 236,718
Charge for year - 637 827 1,464
Eliminated on disposal (55,126 ) - - (55,126 )
At 31 March 2023 - 83,577 99,479 183,056
NET BOOK VALUE
At 31 March 2023 - 15,621 1,931 17,552
At 31 March 2022 2,874 1,570 2,758 7,202

6. STOCKS
2023 2022
£    £   
Stocks 70,000 70,000

G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 209,669 191,235
Amounts owed by connected companies 858,561 860,062
Other debtors 2,714 94,475
1,070,944 1,145,772

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 1,193 2,195
Amounts owed to connected companies 130,492 278,153
Taxation and social security 36,410 23,010
Other creditors 51,159 44,648
229,254 358,006

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 21,667 31,667
Amounts owed to group undertakings 500,000 500,000
521,667 531,667

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 21,667 31,667

11. SECURED DEBTS

The bank holds a fixed and floating charge over the company assets. There is an unlimited omnibus guarantee and set off agreement in respect of the liabilities now or hereafter, owing or incurred from or by College Street Properties, GKL Holdings Limited, GKL Building and Civil Engineering and GKL Northern Limited. These are connected companies by common shareholders and directors.

G.K.L. NORTHERN LIMITED (REGISTERED NUMBER: 03789798)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 3,335 1,368
Tax losses carried forward - (98 )
3,335 1,270

Deferred
tax
£   
Balance at 1 April 2022 1,270
Provided during year 2,065
Balance at 31 March 2023 3,335

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10
500 Ordinary A £1 500 500
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
540 540

14. ULTIMATE CONTROLLING PARTY

The controlling party is E M Killoughery by virtue of their share of the ownership of the issued ordinary share capital.