Northmen Group Limited Filleted Accounts Cover
Northmen Group Limited
Company No. 13599776
Information for Filing with The Registrar
30 September 2023
Northmen Group Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 September 2023.
Principal activities
The principal activity of the company during the year under review was that of a bar with associated off sales.
Director
The Director who served at any time during the year was as follows:
A.H. Wallis
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.H. Wallis
Director
31 January 2024
Northmen Group Limited Balance Sheet Registrar
at
30 September 2023
Company No.
13599776
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
10,45211,759
Tangible assets
5
35,6554,054
46,10715,813
Current assets
Stocks
6
8,2537,000
Debtors
7
9,81028,593
Cash at bank and in hand
2,25219,348
20,31554,941
Creditors: Amount falling due within one year
8
(123,222)
(85,373)
Net current liabilities
(102,907)
(30,432)
Total assets less current liabilities
(56,800)
(14,619)
Creditors: Amounts falling due after more than one year
9
(3,571)
-
Net liabilities
(60,371)
(14,619)
Capital and reserves
Called up share capital
100100
Profit and loss account
10
(60,471)
(14,719)
Total equity
(60,371)
(14,619)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 January 2024
And signed on its behalf by:
A.H. Wallis
Director
31 January 2024
Northmen Group Limited Notes to the Accounts Registrar
for the year ended 30 September 2023
1
General information
Its registered number is: 13599776
Its registered office is:
123 Hallgate
Cottingham
East Riding Of Yorkshire
HU16 4DA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
Going concern
The accounts are prepared on the going concern basis as the company has the continued support of the director.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leasehold land and buildings
10% straight line
Plant and machinery
25% reducing balance
Furniture, fittings and equipment
25% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Website
Total
£
£
Cost
At 1 October 2022
13,06613,066
At 30 September 2023
13,06613,066
Amortisation and impairment
At 1 October 2022
1,3071,307
Charge for the year
1,3071,307
At 30 September 2023
2,6142,614
Net book values
At 30 September 2023
10,45210,452
At 30 September 2022
11,75911,759
The website is being amortised over its useful life of 10 years
5
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 October 2022
--5,4065,406
Additions
32,0325,050-37,082
At 30 September 2023
32,0325,0505,40642,488
Depreciation
At 1 October 2022
--1,3521,352
Charge for the year
3,2031,2631,0155,481
At 30 September 2023
3,2031,2632,3676,833
Net book values
At 30 September 2023
28,8293,7873,03935,655
At 30 September 2022
-
-
4,054
4,054
6
Stocks
2023
2022
£
£
Finished goods
8,2537,000
8,2537,000
7
Debtors
2023
2022
£
£
Trade debtors
-12,000
VAT recoverable
2,2977,174
Prepayments and accrued income
7,5139,419
9,81028,593
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,095-
Trade creditors
12,78919,265
Loans from directors
105,33966,108
Accruals and deferred income
(1)
-
123,22285,373
9
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
3,571-
3,571-
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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