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REGISTERED NUMBER: 12679023 (England and Wales)






































Norman Hargreaves (Berwick) Ltd

Unaudited Financial Statements

for the period

1st June 2022 to 30th May 2023






Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)






Contents of the Financial Statements
for the period 1st June 2022 to 30th May 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Norman Hargreaves (Berwick) Ltd

Company Information
for the period 1st June 2022 to 30th May 2023







Directors: S P Hargreaves
J S Hargreaves





Registered office: 4-6 Bridge End
Berwick Upon Tweed
Northumberland
TD15 1AL





Registered number: 12679023 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)

Balance Sheet
30th May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,762 15,468

Current assets
Stocks 6,700 6,623
Debtors 5 22,803 30,838
Cash at bank 68,992 64,562
98,495 102,023
Creditors
Amounts falling due within one year 6 36,715 42,414
Net current assets 61,780 59,609
Total assets less current liabilities 72,542 75,077

Creditors
Amounts falling due after more than one
year

7

(5,172

)

(7,019

)

Provisions for liabilities (2,152 ) (2,939 )
Net assets 65,218 65,119

Capital and reserves
Called up share capital 100 100
Retained earnings 65,118 65,019
65,218 65,119

Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)

Balance Sheet - continued
30th May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th May 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 4th April 2024 and were signed on its behalf by:





S P Hargreaves - Director


Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)

Notes to the Financial Statements
for the period 1st June 2022 to 30th May 2023

1. Statutory information

Norman Hargreaves (Berwick) 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, other loans, trade creditors, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, other debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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.

Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)

Notes to the Financial Statements - continued
for the period 1st June 2022 to 30th May 2023

2. Accounting policies - continued

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the period was 4 (2022 - 2 ) .

Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)

Notes to the Financial Statements - continued
for the period 1st June 2022 to 30th May 2023

4. Tangible fixed assets
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st June 2022
and 30th May 2023 15,999 2,820 18,819
Depreciation
At 1st June 2022 2,667 684 3,351
Charge for period 4,000 706 4,706
At 30th May 2023 6,667 1,390 8,057
Net book value
At 30th May 2023 9,332 1,430 10,762
At 31st May 2022 13,332 2,136 15,468

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 18,133 28,188
Amounts recoverable on contract 2,500 2,500
Other debtors 2,170 150
22,803 30,838

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 1,847 1,696
Trade creditors 11,306 17,853
Taxation and social security 17,413 18,799
Other creditors 6,149 4,066
36,715 42,414

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 5,172 7,019

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,019 8,715

Hire purchase contracts are secured against the assets to which they relate.

Norman Hargreaves (Berwick) Ltd (Registered number: 12679023)

Notes to the Financial Statements - continued
for the period 1st June 2022 to 30th May 2023

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the periods ended 30th May 2023 and 31st May 2022:

20232022
££
Director 1
Balance outstanding at start of year15050
Amounts advanced-11,100
Amounts repaid(150)(11,000)
Balance outstanding at end of year-150

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.