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REGISTERED NUMBER: 03523838 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st August 2023

for

Northern Shire Facilities Management
Limited

Northern Shire Facilities Management
Limited (Registered number: 03523838)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northern Shire Facilities Management
Limited

Company Information
for the year ended 31st August 2023







DIRECTORS: Mr G J Heath
Mrs D C Southworth





REGISTERED OFFICE: 382 Dunkirk Lane
Leyland
Preston
Lancashire
PR26 7SY





REGISTERED NUMBER: 03523838 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Northern Shire Facilities Management
Limited (Registered number: 03523838)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 250,827 254,503
250,827 254,503

CURRENT ASSETS
Stocks 4,950 5,375
Debtors 6 192,107 213,690
Cash at bank and in hand 316,130 52,706
513,187 271,771
CREDITORS
Amounts falling due within one year 7 303,705 233,031
NET CURRENT ASSETS 209,482 38,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,309

293,243

CREDITORS
Amounts falling due after more than one
year

8

(186,411

)

(212,331

)

PROVISIONS FOR LIABILITIES (44,482 ) (34,237 )
NET ASSETS 229,416 46,675

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 228,416 45,675
SHAREHOLDERS' FUNDS 229,416 46,675

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Shire Facilities Management
Limited (Registered number: 03523838)

Balance Sheet - continued
31st 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 27th November 2023 and were signed on its behalf by:





Mr G J Heath - Director


Northern Shire Facilities Management
Limited (Registered number: 03523838)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

Northern Shire Facilities Management 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 1998, is being amortised evenly over its estimated useful life of 20 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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.

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.

Northern Shire Facilities Management
Limited (Registered number: 03523838)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 26,000
AMORTISATION
At 1st September 2022
and 31st August 2023 26,000
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

Northern Shire Facilities Management
Limited (Registered number: 03523838)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 540,626
Additions 63,419
Disposals (21,980 )
At 31st August 2023 582,065
DEPRECIATION
At 1st September 2022 286,123
Charge for year 64,345
Eliminated on disposal (19,230 )
At 31st August 2023 331,238
NET BOOK VALUE
At 31st August 2023 250,827
At 31st August 2022 254,503

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st September 2022 211,435
Additions 58,135
At 31st August 2023 269,570
DEPRECIATION
At 1st September 2022 23,548
Charge for year 46,973
At 31st August 2023 70,521
NET BOOK VALUE
At 31st August 2023 199,049
At 31st August 2022 187,887

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 173,533 190,187
Other debtors 18,574 23,503
192,107 213,690

Northern Shire Facilities Management
Limited (Registered number: 03523838)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,952 19,016
Hire purchase contracts (see note 9) 52,120 38,941
Trade creditors 19,504 10,580
Taxation and social security 218,874 157,643
Other creditors 7,255 6,851
303,705 233,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,226 52,153
Hire purchase contracts (see note 9) 152,185 160,178
186,411 212,331

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,417 16,369

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 52,120 38,941
Between one and five years 152,185 160,178
204,305 199,119


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 204,305 199,119
Bank loan - 25,038
204,305 224,157

The bank loan and overdraft is secured by a fixed and floating charge over all assets of the company.

There is a further bank loan of £40,178 which is unsecured (2022 - £46,131).

Northern Shire Facilities Management
Limited (Registered number: 03523838)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
Mr G J Heath
Balance outstanding at start of year - 13,500
Amounts repaid - (13,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs D C Southworth
Balance outstanding at start of year - 13,500
Amounts advanced 4,240 -
Amounts repaid - (13,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,240 -

12. RELATED PARTY DISCLOSURES

The directors are also directors of Catering Partnership Limited and Northern Shire Holdings Limited. Catering Partnership Limited is a 100% subsidiary of Northern Shire Holdings Limited, and are the directors are controlling shareholders of Northern Shire Holdings Limited.

As at the year end the company was owed by Catering Partnership Limited £7,714 in the form of a loan, no interest has been charged on this (2022 - £20,833 and nil).

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G J Heath.