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REGISTERED NUMBER: 10180154 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

NORTHERN SERVICES CONTRACTING LIMITED

NORTHERN SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN SERVICES CONTRACTING LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C P Marsh





REGISTERED OFFICE: 2 Hornes Lane
Staincross
Barnsley
South Yorkshire
S75 6LQ





REGISTERED NUMBER: 10180154 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

NORTHERN SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,815 125,547

CURRENT ASSETS
Debtors 5 86,369 32,960
Cash at bank 359,288 311,208
445,657 344,168
CREDITORS
Amounts falling due within one year 6 203,858 171,700
NET CURRENT ASSETS 241,799 172,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,614

298,015

CREDITORS
Amounts falling due after more than one
year

7

(41,673

)

(38,311

)

PROVISIONS FOR LIABILITIES 8 (53,454 ) (31,386 )
NET ASSETS 360,487 228,318

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 360,387 228,218
SHAREHOLDERS' FUNDS 360,487 228,318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)

Balance Sheet - continued
31 July 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 director and authorised for issue on 17 January 2024 and were signed by:





C P Marsh - Director


NORTHERN SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Northern Services Contracting 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the net invoiced value of building contracting works, excluding value added tax. Turnover is recognised in accordance with the contract terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

Work in progress
Contract work in progress is stated at cost, net of amounts transferred to cost of sales, less any foreseeable losses and progress payments received and receivable, not matched with turnover. A foreseeable loss is that which is currently estimated to arise over the duration of any contract, irrespective of the amount of work carried out at the balance sheet date.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the accounting date. Profit on long term contracts is recognised in the income statement as the difference between the reported turnover, and the related costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

NORTHERN SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 160,248 67,344 227,592
Additions 143,760 41,629 185,389
Disposals (96,398 ) (28,167 ) (124,565 )
At 31 July 2023 207,610 80,806 288,416
DEPRECIATION
At 1 August 2022 60,504 41,541 102,045
Charge for year 27,138 15,260 42,398
Eliminated on disposal (48,064 ) (21,778 ) (69,842 )
At 31 July 2023 39,578 35,023 74,601
NET BOOK VALUE
At 31 July 2023 168,032 45,783 213,815
At 31 July 2022 99,744 25,803 125,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 82,319 31,542
Amounts owed by group undertakings - 918
Prepayments 4,050 500
86,369 32,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,745 6,376
Trade creditors 40,452 45,969
Corporation tax 77,099 50,265
Social security and other taxes 9,062 3,921
VAT 22,383 31,492
Accruals and deferred income 22,117 23,677
203,858 171,700

NORTHERN SERVICES CONTRACTING LIMITED (REGISTERED NUMBER: 10180154)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 23,340 9,978
41,673 38,311

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 53,454 31,386

Deferred
tax
£   
Balance at 1 August 2022 31,386
Accelerated capital allowances 22,068
Balance at 31 July 2023 53,454

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100