2022-09-01 12887979 2023-08-31 12887979 2022-09-01 2023-08-31 12887979 2022-08-31 12887979 2021-09-01 2022-08-31 12887979 uk-core:WithinOneYear 2022-08-31 12887979 uk-core:WithinOneYear 2023-08-31 12887979 uk-core:ShareCapital 2023-08-31 12887979 uk-core:ShareCapital 2022-08-31 12887979 uk-bus:Director1 2022-09-01 2023-08-31 12887979 uk-core:ToolsEquipment 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure 12887979 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12887979 uk-bus:FRS102 2022-09-01 2023-08-31 12887979 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 12887979 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Northern Power Electronics Ltd
Registered Number:12887979
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Northern Power Electronics Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12887979
As at 31 August 2023
Northern Power Electronics Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
3,125
1,300
2
3,125
1,300
Current assets
2,987
Cash and cash equivalents
12,955
12,955
2,987
Trade and other payables: amounts falling due within one year
(4,286)
(16,079)
3
(1,299)
(3,124)
Net current liabilities
Total assets less current liabilities
1
1
1
Net assets
1
Capital and reserves
Called up share capital
1
1
1
1
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Hossein Abbasifar Director
These financial statements were approved and authorised for issue by the Board on 06 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
Northern Power Electronics Ltd
Notes to the Financial Statements
Statutory Information
Northern Power Electronics Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12887979.
Principal place of business:
14 Horsley Road
Newcastle upon Tyne
NE7 7BN
Registered address:
13 Mary Street
Sunderland
Tyne & Wear
SR1 3NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
2. Property, plant and equipment
Plant and
Machinery
£
Cost or valuation
At 01 September 2022
1,625
2,687
Additions
At 31 August 2023
4,312
Provision for depreciation and impairment
At 01 September 2022
325
Charge for year
862
At 31 August 2023
1,187
At 31 August 2023
Net book value
3,125
At 31 August 2022
1,300
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5
For the year ended 31 August 2023
Northern Power Electronics Ltd
Notes to the Financial Statements Continued
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less
their estimated residual value, over their expected useful lives on the following basis:
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
1,396
Taxation and social security
2,574
23
Other creditors
13,505
2,867
16,079
4,286
4. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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