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Company Registration No. 04980164 (England and Wales)
Northern Access Floors Ltd Unaudited accounts for the year ended 31 December 2023
Northern Access Floors Ltd Unaudited accounts Contents
Page
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Northern Access Floors Ltd Company Information for the year ended 31 December 2023
Directors
Mr S D Robson Mrs J H Robson Mr N Bloye
Secretary
Mrs J H Robson
Company Number
04980164 (England and Wales)
Registered Office
Unit 5a, Marfleet Environmental Technolo Hedon Road Hull East Yorkshire HU9 5LW United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Northern Access Floors Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
276,831 
217,810 
Current assets
Inventories
657,375 
412,808 
Debtors
46,237 
29,850 
Cash at bank and in hand
143,347 
14,428 
846,959 
457,086 
Creditors: amounts falling due within one year
(685,667)
(299,948)
Net current assets
161,292 
157,138 
Total assets less current liabilities
438,123 
374,948 
Creditors: amounts falling due after more than one year
(152,195)
(165,250)
Provisions for liabilities
Deferred tax
(23,836)
(9,819)
Net assets
262,092 
199,879 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
261,992 
199,779 
Shareholders' funds
262,092 
199,879 
For the year ending 31 December 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 Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by
Mr S D Robson Director Company Registration No. 04980164
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Northern Access Floors Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Northern Access Floors Ltd is a private company, limited by shares, registered in England and Wales, registration number 04980164. The registered office is Unit 5a, Marfleet Environmental Technolo, Hedon Road, Hull, East Yorkshire, HU9 5LW, United Kingdom.
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:
Plant & machinery
25% on cost
Motor vehicles
25% on reducing balance basis
Fixtures & fittings
10% on cost
Computer equipment
25% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Northern Access Floors Ltd Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
14,901 
47,550 
307,411 
84,259 
454,121 
Additions
696 
48,299 
48,645 
3,425 
101,065 
Disposals
- 
(14,650)
- 
- 
(14,650)
At 31 December 2023
15,597 
81,199 
356,056 
87,684 
540,536 
Depreciation
At 1 January 2023
14,900 
40,030 
98,509 
82,872 
236,311 
Charge for the year
105 
3,129 
36,732 
1,063 
41,029 
On disposals
- 
(13,635)
- 
- 
(13,635)
At 31 December 2023
15,005 
29,524 
135,241 
83,935 
263,705 
Net book value
At 31 December 2023
592 
51,675 
220,815 
3,749 
276,831 
At 31 December 2022
1 
7,520 
208,902 
1,387 
217,810 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
30,743 
42,552 
Work in progress
626,632 
370,256 
657,375 
412,808 
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Northern Access Floors Ltd Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
32,870 
18,784 
Accrued income and prepayments
7,696 
5,395 
Other debtors
5,671 
5,671 
46,237 
29,850 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
27,000 
27,000 
Obligations under finance leases and hire purchase contracts
2,789 
- 
Trade creditors
451,552 
164,995 
Amounts owed to group undertakings and other participating interests
51,560 
58,648 
Taxes and social security
48,334 
28,317 
Other creditors
4,128 
- 
Loans from directors
50,716 
- 
Accruals
49,588 
20,988 
685,667 
299,948 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,250 
165,250 
Obligations under finance leases and hire purchase contracts
13,945 
- 
Loans from directors
100,000 
- 
152,195 
165,250 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
As at 31st December 2023 the company owed £51,560 to Sturdy (Holdings) Ltd. This sum is interest free and repayable on demand. During the year the company paid Management Charges to Sturdy (Holdings) Ltd of £48,000 (2022: £48,000).
11
Controlling party
The company is a wholly owned subsidary of Sturdy (Holdings) Ltd, a company registered in England & Wales.
12
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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