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Company Registration No. 6997128 (England and Wales)
Northern Star Flooring Limited Unaudited accounts for the year ended 30 June 2023
Northern Star Flooring Limited Unaudited accounts Contents
Page
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Northern Star Flooring Limited Company Information for the year ended 30 June 2023
Directors
Mr B J Brooker Mr A T Scott Mr R J Gamble
Company Number
6997128 (England and Wales)
Registered Office
Unit 7a Tokenspire Business Park Woodmansey Beverley HU17 0TB
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Northern Star Flooring Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
18,000 
Tangible assets
131,076 
133,883 
141,076 
151,883 
Current assets
Inventories
85,318 
27,000 
Debtors
271,805 
271,369 
Cash at bank and in hand
162,404 
4,487 
519,527 
302,856 
Creditors: amounts falling due within one year
(463,031)
(216,645)
Net current assets
56,496 
86,211 
Total assets less current liabilities
197,572 
238,094 
Creditors: amounts falling due after more than one year
(141,894)
(153,859)
Provisions for liabilities
Deferred tax
(24,905)
(25,438)
Net assets
30,773 
58,797 
Capital and reserves
Called up share capital
403 
400 
Share premium
12,475 
12,475 
Profit and loss account
17,895 
45,922 
Shareholders' funds
30,773 
58,797 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by
Mr B J Brooker Director Company Registration No. 6997128
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Northern Star Flooring Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Northern Star Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 6997128. The registered office is Unit 7a, Tokenspire Business Park, Woodmansey, Beverley, HU17 0TB.
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:
Plant & machinery
25% cost
Motor vehicles
20% wdv
Fixtures & fittings
25% wdv
Computer equipment
25% wdv
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Northern Star Flooring Limited Notes to the Accounts for the year ended 30 June 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
40,000 
At 30 June 2023
40,000 
Amortisation
At 1 July 2022
22,000 
Charge for the year
8,000 
At 30 June 2023
30,000 
Net book value
At 30 June 2023
10,000 
At 30 June 2022
18,000 
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Northern Star Flooring Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
96,506 
91,641 
53,253 
7,203 
248,603 
Additions
6,634 
21,250 
8,176 
693 
36,753 
At 30 June 2023
103,140 
112,891 
61,429 
7,896 
285,356 
Depreciation
At 1 July 2022
38,101 
32,112 
38,536 
5,971 
114,720 
Charge for the year
21,468 
13,323 
4,288 
481 
39,560 
At 30 June 2023
59,569 
45,435 
42,824 
6,452 
154,280 
Net book value
At 30 June 2023
43,571 
67,456 
18,605 
1,444 
131,076 
At 30 June 2022
58,405 
59,529 
14,717 
1,232 
133,883 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
868 
Trade debtors
269,681 
250,648 
Other debtors
2,124 
19,853 
271,805 
271,369 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,794 
16,051 
VAT
40,247 
- 
Obligations under finance leases and hire purchase contracts
18,655 
18,931 
Trade creditors
281,597 
160,967 
Taxes and social security
91,606 
12,526 
Other creditors
- 
7,598 
Loans from directors
132 
572 
463,031 
216,645 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
133,712 
127,022 
Obligations under finance leases and hire purchase contracts
8,182 
26,837 
141,894 
153,859 
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Northern Star Flooring Limited Notes to the Accounts for the year ended 30 June 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
400 Ordinary shares of £1 each
400 
400 
3 B Shares of £1 each
3 
- 
403 
400 
Shares issued during the period:
3 B Shares of £1 each
3 
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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