Company Registration No. NI640293 (Northern Ireland)
NorthxSouth Limited
Unaudited accounts
for the year ended 31 August 2023
NorthxSouth Limited
Unaudited accounts
Contents
NorthxSouth Limited
Company Information
for the year ended 31 August 2023
Director
Andrew Kilpatrick
Secretary
Andrew Kilpatrick
Company Number
NI640293 (Northern Ireland)
Registered Office
29 ACORN BUSINESS CENTRE
2 RIADA AVENUE
BALLYMONEY
ANTRIM
BT53 7LH
NORTHERN IRELAND
Accountants
TAG Accountants (N.I.) Ltd
81a Galgorm Road
Ballymena
Co Antrim
BT42 1AA
NorthxSouth Limited
Statement of financial position
as at 31 August 2023
Tangible assets
19,458
14,689
Inventories
263,564
295,780
Cash at bank and in hand
146,270
130,406
Creditors: amounts falling due within one year
(188,721)
(364,989)
Net current assets
245,356
116,591
Total assets less current liabilities
264,814
131,280
Creditors: amounts falling due after more than one year
(117,917)
-
Provisions for liabilities
Deferred tax
(3,697)
(2,791)
Net assets
143,200
128,489
Called up share capital
100
100
Profit and loss account
143,100
128,389
Shareholders' funds
143,200
128,489
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 18 April 2024 and were signed on its behalf by
Andrew Kilpatrick
Director
Company Registration No. NI640293
NorthxSouth Limited
Notes to the Accounts
for the year ended 31 August 2023
NorthxSouth Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI640293. The registered office is 29 ACORN BUSINESS CENTRE, 2 RIADA AVENUE, BALLYMONEY, ANTRIM, BT53 7LH, NORTHERN IRELAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2022
6,000
21,805
27,805
At 31 August 2023
15,633
21,805
37,438
At 1 September 2022
3,542
9,574
13,116
Charge for the year
2,418
2,446
4,864
At 31 August 2023
5,960
12,020
17,980
At 31 August 2023
9,673
9,785
19,458
At 31 August 2022
2,458
12,231
14,689
NorthxSouth Limited
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
2,168
33,319
Other debtors
22,075
22,075
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
35,000
187,916
Trade creditors
136,891
145,375
Taxes and social security
1,835
14,144
Loans from directors
8,564
8,670
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 7 (2022: 9).