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REGISTERED NUMBER: 04551991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Northern Solar Ltd

Northern Solar Ltd (Registered number: 04551991)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northern Solar Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Ms Julia Kathleen Gallagher
Mr Shaun Thomas Gallagher
Miss Laura May Rghif





REGISTERED OFFICE: Abc Offices
58 Breckfield Road South
Liverpool
Merseyside
L6 5DR





REGISTERED NUMBER: 04551991 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Northern Solar Ltd (Registered number: 04551991)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,602 194,573

CURRENT ASSETS
Work in Progress 30,000 5,000
Debtors 5 120,533 103,463
Cash at bank 188,982 138,373
339,515 246,836
CREDITORS
Amounts falling due within one year 6 270,681 247,830
NET CURRENT ASSETS/(LIABILITIES) 68,834 (994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,436

193,579

CREDITORS
Amounts falling due after more than one year 7 (32,819 ) (28,691 )

PROVISIONS FOR LIABILITIES (8,022 ) (5,546 )
NET ASSETS 235,595 159,342

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 235,495 159,242
235,595 159,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Northern Solar Ltd (Registered number: 04551991)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mr Shaun Thomas Gallagher - Director


Northern Solar Ltd (Registered number: 04551991)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Northern Solar 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to 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.

Northern Solar Ltd (Registered number: 04551991)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 165,383 35,245 55,682 1,678 257,988
Additions - - 22,845 911 23,756
At 31 October 2023 165,383 35,245 78,527 2,589 281,744
DEPRECIATION
At 1 November 2022 - 31,312 31,485 618 63,415
Charge for year - 786 9,597 344 10,727
At 31 October 2023 - 32,098 41,082 962 74,142
NET BOOK VALUE
At 31 October 2023 165,383 3,147 37,445 1,627 207,602
At 31 October 2022 165,383 3,933 24,197 1,060 194,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 119,241 62,830
Other debtors 1,292 40,633
120,533 103,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,364 2,251
Hire purchase contracts 4,514 -
Trade creditors 26,445 35,199
Taxation and social security 77,054 34,771
Other creditors 154,304 175,609
270,681 247,830

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 18,565 28,691
Hire purchase contracts 14,254 -
32,819 28,691