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REGISTERED NUMBER: 14131383 (England and Wales)















Unaudited Financial Statements

for the Period 25 May 2022 to 31 July 2023

for

Northern Fan Supplies (E.M.) Ltd

Northern Fan Supplies (E.M.) Ltd (Registered number: 14131383)






Contents of the Financial Statements
for the Period 25 May 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northern Fan Supplies (E.M.) Ltd

Company Information
for the Period 25 May 2022 to 31 July 2023







DIRECTORS: Jonathan David Parry
Lee Stevan Hackett





SECRETARY: Dawn Louise Parry





REGISTERED OFFICE: Unit E1
Longford Trading Estate
Thomas Street
Stretford
Manchester
M32 0JT





REGISTERED NUMBER: 14131383 (England and Wales)





ACCOUNTANTS: PKW Chartered Accountants LLP
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Northern Fan Supplies (E.M.) Ltd (Registered number: 14131383)

Balance Sheet
31 July 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 22,630

CURRENT ASSETS
Stocks 74,578
Debtors 5 120,388
Cash at bank and in hand 22,997
217,963
CREDITORS
Amounts falling due within one year 6 270,109
NET CURRENT LIABILITIES (52,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,516

)

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings (29,616 )
SHAREHOLDERS' FUNDS (29,516 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Jonathan David Parry - Director


Northern Fan Supplies (E.M.) Ltd (Registered number: 14131383)

Notes to the Financial Statements
for the Period 25 May 2022 to 31 July 2023

1. STATUTORY INFORMATION

Northern Fan Supplies (E.M.) Ltd 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.

As a consequence of a £29,616 loss being incurred in the first period of trading, the company is insolvent at 31 July 2023.
However, due to an upturn in trading levels, sufficient profit is forecast to enable the company to return to a solvent state by 31 July 2024.
The ability of the company to continue as a going concern is dependent on the continued financial support of the directors and certain other creditors.
The director considers that in preparing the financial statements all information that could reasonably expected to be available has been taken into account. On this basis the directors consider it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Office equipment, fixtures & fittings - 15% on reducing balance
Motor vehicles - 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Northern Fan Supplies (E.M.) Ltd (Registered number: 14131383)

Notes to the Financial Statements - continued
for the Period 25 May 2022 to 31 July 2023

4. TANGIBLE FIXED ASSETS
Office
equipment,
Plant and fixtures Motor
machinery & fittings vehicles Totals
£    £    £    £   
COST
Additions 2,183 5,876 19,611 27,670
At 31 July 2023 2,183 5,876 19,611 27,670
DEPRECIATION
Charge for period 220 491 4,329 5,040
At 31 July 2023 220 491 4,329 5,040
NET BOOK VALUE
At 31 July 2023 1,963 5,385 15,282 22,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 104,372
Other debtors 6,500
VAT 2,372
Prepayments 7,144
120,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 107,227
Loan - Northern Fan Supplies Ltd 161,482
Accrued expenses 1,400
270,109

7. CALLED UP SHARE CAPITAL


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

100 Ordinary shares shares of £1 each were allotted and fully paid for cash at par during the period.

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31 July 2023 of £60,667.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Jonathan David Parry.