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Company Registration No. 02968104 (England and Wales)
NORTHERN COMMODITIES LIMITED Unaudited accounts for the year ended 31 March 2023
NORTHERN COMMODITIES LIMITED Unaudited accounts Contents
Page
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NORTHERN COMMODITIES LIMITED Company Information for the year ended 31 March 2023
Director
Behazad Issari
Company Number
02968104 (England and Wales)
Registered Office
124 City Road London EC1V 2NX
Accountants
Heartwood Accountants Limited 103 High Street Waltham Cross Herts EN87AN
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NORTHERN COMMODITIES LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
269,251 
269,251 
Investments
150 
150 
269,401 
269,401 
Current assets
Cash at bank and in hand
1,485 
72 
Creditors: amounts falling due within one year
(228,088)
(217,856)
Net current liabilities
(226,603)
(217,784)
Net assets
42,798 
51,617 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
42,797 
51,616 
Shareholders' funds
42,798 
51,617 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2023 and were signed on its behalf by
Behazad Issari Director Company Registration No. 02968104
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NORTHERN COMMODITIES LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
NORTHERN COMMODITIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02968104. The registered office is 124 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
269,251 
6,761 
276,012 
At 31 March 2023
269,251 
6,761 
276,012 
Depreciation
At 1 April 2022
- 
6,761 
6,761 
At 31 March 2023
- 
6,761 
6,761 
Net book value
At 31 March 2023
269,251 
- 
269,251 
At 31 March 2022
269,251 
- 
269,251 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
150 
Valuation at 31 March 2023
150 
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NORTHERN COMMODITIES LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
11,770 
4,593 
Loans from directors
215,418 
212,453 
Accruals
900 
810 
228,088 
217,856 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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