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Company Registration No. 13155530 (England and Wales)
Northampton Building Company Ltd Unaudited Financial Statements for the year ended 31 March 2023
Northampton Building Company Ltd Unaudited Financial Statements Contents
Page
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Northampton Building Company Ltd Company Information for the year ended 31 March 2023
Director
Adam Mellor
Company Number
13155530 (England and Wales)
Registered Office
5 Thornton Hall Thornton Hall Close Northampton NN2 6PT England
Accountants
SMP Accountancy Ltd 24 Lamport Lane Northampton NN2 7DW
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Northampton Building Company Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,573 
2,438 
Current assets
Debtors
4,311 
10,387 
Cash at bank and in hand
219 
948 
4,530 
11,335 
Creditors: amounts falling due within one year
(29,808)
(21,682)
Net current liabilities
(25,278)
(10,347)
Net liabilities
(21,705)
(7,909)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21,805)
(8,009)
Shareholders' funds
(21,705)
(7,909)
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 25 October 2023 and were signed on its behalf by
Adam Mellor Director Company Registration No. 13155530
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Northampton Building Company Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Northampton Building Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 13155530. The registered office is 5 Thornton Hall, Thornton Hall Close, Northampton, NN2 6PT, England.
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.
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.
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:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
Deferred taxation
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.
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.
Going concern
Having due regard to cash flow forecasts, the directors consider that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.
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Northampton Building Company Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
3,180 
Additions
4,255 
Disposals
(2,900)
At 31 March 2023
4,535 
Depreciation
At 1 April 2022
742 
Charge for the year
897 
On disposals
(677)
At 31 March 2023
962 
Net book value
At 31 March 2023
3,573 
At 31 March 2022
2,438 
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to director
- 
3,224 
- 
3,224 
- 
3,224 
- 
3,224 
No Interest was charged on overdue amounts and there are no fixed repayment terms.
6
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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