1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 51,678 50,652 859 51,511 167 1,026 xbrli:pure xbrli:shares iso4217:GBP 03297777 2022-08-01 2023-07-31 03297777 2023-07-31 03297777 2022-07-31 03297777 2021-08-01 2022-07-31 03297777 2022-07-31 03297777 2021-07-31 03297777 core:PlantMachinery 2022-08-01 2023-07-31 03297777 bus:Director2 2022-08-01 2023-07-31 03297777 core:PlantMachinery 2022-07-31 03297777 core:PlantMachinery 2023-07-31 03297777 core:WithinOneYear 2023-07-31 03297777 core:WithinOneYear 2022-07-31 03297777 core:ShareCapital 2023-07-31 03297777 core:ShareCapital 2022-07-31 03297777 core:RetainedEarningsAccumulatedLosses 2023-07-31 03297777 core:RetainedEarningsAccumulatedLosses 2022-07-31 03297777 core:PlantMachinery 2022-07-31 03297777 bus:SmallEntities 2022-08-01 2023-07-31 03297777 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03297777 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03297777 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03297777 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 03297777
Northern Labour Contractors Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2023
Northern Labour Contractors Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
167
1,026
Current assets
Debtors
6
34,247
34,351
Cash at bank and in hand
10,782
36,900
--------
--------
45,029
71,251
Creditors: amounts falling due within one year
7
( 61,667)
( 72,098)
--------
--------
Net current liabilities
( 16,638)
( 847)
--------
-------
Total assets less current liabilities
( 16,471)
179
--------
----
Net (liabilities)/assets
( 16,471)
179
--------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 16,571)
79
--------
----
Shareholders funds
( 16,471)
179
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Northern Labour Contractors Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 14 March 2024 , and are signed on behalf of the board by:
T S Kettlewell
Director
Company registration number: 03297777
Northern Labour Contractors Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 121 Boothferry Road, Goole, East Riding of Yorkshire, DN14 6AZ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The balance sheet at 31 July 2023 shows that the company's liabilities exceeded its assets by £16,471. Liabilities includes a loan from the parent company, Thos.E.Kettlewell & Son Limited, which amounted to £11,381. Thos.E.Kettlewell & Son Limited has confirmed their support will continue for the foreseeable future and will, where necessary, be increased in order to enable the company to continue normal trading operations. In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax. Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefit will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income from storage charges is recognised with reference to the period that storage facilities are provided.
(d) Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively . Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
(e) Tangible assets
All fixed assets are initially recorded at cost.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% straight line
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 August 2022 and 31 July 2023
51,678
51,678
--------
--------
Depreciation
At 1 August 2022
50,652
50,652
Charge for the year
859
859
--------
--------
At 31 July 2023
51,511
51,511
--------
--------
Carrying amount
At 31 July 2023
167
167
--------
--------
At 31 July 2022
1,026
1,026
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
15,366
22,740
Other debtors
18,881
11,611
--------
--------
34,247
34,351
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
49,186
40,505
Amounts owed to group undertakings
11,381
22,800
Corporation tax
7,693
Other creditors
1,100
1,100
--------
--------
61,667
72,098
--------
--------
8. Related party transactions
The company has taken advantage of the exemptions provided in FRS 102 from reporting transactions between wholly owned members of the group.
9. Controlling party
The company's immediate parent undertaking is Thos.E.Kettlewell & Son Limited , a company registered in England and Wales, whose registered office address is 121 Boothferry Road, Goole, East Riding of Yorkshire, DN14 6AZ. The company's ultimate parent company is Kettlewell Group Holdings Limited , a company registered in England and Wales, whose registered office address is 121 Boothferry Road, Goole, East Riding of Yorkshire, DN14 6AZ. There is no ultimate controlling party.