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REGISTERED NUMBER: 06983673 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Inglenorth (Contracting) Limited

Inglenorth (Contracting) Limited (Registered number: 06983673)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inglenorth (Contracting) Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: Mrs C A Parr
Mr S W Campbell





SECRETARY:





REGISTERED OFFICE: Unit 81 Bradley Trading Estate
Bradley Lane Standish
Wigan
Lancashire
WN6 0XQ





REGISTERED NUMBER: 06983673 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Inglenorth (Contracting) Limited (Registered number: 06983673)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,442,567 1,603,040
1,442,567 1,603,040

CURRENT ASSETS
Debtors 6 566,846 510,418
Cash at bank 500,575 126,325
1,067,421 636,743
CREDITORS
Amounts falling due within one year 7 861,225 961,759
NET CURRENT ASSETS/(LIABILITIES) 206,196 (325,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,648,763

1,278,024

CREDITORS
Amounts falling due after more than one
year

8

(359,326

)

(576,611

)

PROVISIONS FOR LIABILITIES (191,700 ) (203,888 )
NET ASSETS 1,097,737 497,525

CAPITAL AND RESERVES
Called up share capital 10 200 200
Share premium 396,202 396,202
Retained earnings 701,335 101,123
SHAREHOLDERS' FUNDS 1,097,737 497,525

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

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

Inglenorth (Contracting) Limited (Registered number: 06983673)

Balance Sheet - continued
31st July 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 5th April 2024 and were signed on its behalf by:





Mrs C A Parr - Director


Inglenorth (Contracting) Limited (Registered number: 06983673)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Inglenorth (Contracting) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance and 20% on cost

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.

Inglenorth (Contracting) Limited (Registered number: 06983673)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 120,000
AMORTISATION
At 1st August 2022
and 31st July 2023 120,000
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st August 2022 529,946 2,296,933 2,826,879
Additions - 68,142 68,142
Disposals - (63,262 ) (63,262 )
At 31st July 2023 529,946 2,301,813 2,831,759
DEPRECIATION
At 1st August 2022 - 1,223,839 1,223,839
Charge for year - 204,077 204,077
Eliminated on disposal - (38,724 ) (38,724 )
At 31st July 2023 - 1,389,192 1,389,192
NET BOOK VALUE
At 31st July 2023 529,946 912,621 1,442,567
At 31st July 2022 529,946 1,073,094 1,603,040

The net book value of other tangible fixed assets includes £376,911 (2022 - £601,069) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £78,859 (2022 - £150,177) for the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 8,343 23,982
Other debtors 558,503 486,436
566,846 510,418

Inglenorth (Contracting) Limited (Registered number: 06983673)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 100,000 100,000
Hire purchase contracts 142,838 167,498
Trade creditors 216,954 279,768
Taxation and social security 107,332 36,361
Other creditors 294,101 378,132
861,225 961,759

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 237,500 337,500
Hire purchase contracts 121,826 239,111
359,326 576,611

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 264,664 406,609

The hire purchase creditor is secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
200 Ordinary £1 200 200