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REGISTERED NUMBER: 03680388 (England and Wales)












Northants Leather Chemicals Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2023






Northants Leather Chemicals Ltd (Registered number: 03680388)






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


Northants Leather Chemicals Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: I Bollard





REGISTERED OFFICE: 12 North Portway Close
Round Spinney Industrial Estate
Northampton
Northamptonshire
NN3 8RQ





REGISTERED NUMBER: 03680388 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Northants Leather Chemicals Ltd (Registered number: 03680388)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 993 2,064
993 2,064

CURRENT ASSETS
Stocks 205,138 203,201
Debtors 6 118,674 172,631
Cash at bank and in hand 35,318 105,976
359,130 481,808
CREDITORS
Amounts falling due within one year 7 138,835 171,590
NET CURRENT ASSETS 220,295 310,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,288

312,282

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 8 50 50
Retained earnings 8 221,188 312,182
SHAREHOLDERS' FUNDS 221,288 312,282

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.

Northants Leather Chemicals Ltd (Registered number: 03680388)

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 29 February 2024 and were signed by:





I Bollard - Director


Northants Leather Chemicals Ltd (Registered number: 03680388)

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

1. STATUTORY INFORMATION

Northants Leather Chemicals 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

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 - 25% on cost
Office equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Northants Leather Chemicals Ltd (Registered number: 03680388)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 4,000
AMORTISATION
At 1 August 2022
and 31 July 2023 4,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 38,277 15,353 53,630
DEPRECIATION
At 1 August 2022 36,828 14,738 51,566
Charge for year 725 346 1,071
At 31 July 2023 37,553 15,084 52,637
NET BOOK VALUE
At 31 July 2023 724 269 993
At 31 July 2022 1,449 615 2,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 113,955 118,150
Other debtors 4,719 54,481
118,674 172,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,059 14,495
Trade creditors 64,092 98,625
Taxation and social security 2,898 3,663
Other creditors 70,786 54,807
138,835 171,590

Northants Leather Chemicals Ltd (Registered number: 03680388)

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

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2022 312,182 50 312,232
Deficit for the year (70,994 ) (70,994 )
Dividends (20,000 ) (20,000 )
At 31 July 2023 221,188 50 221,238

9. RELATED PARTY DISCLOSURES

During the year, the director received rent of £16,000 (2022: £16,000) from the company. At the balance sheet date the company owed the director £67,886 (2022: £59,153).

10. ULTIMATE CONTROLLING PARTY

The controlling party is I Bollard.

The ultimate controlling party is I Bollard.