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Company Registration No. NI640293 (Northern Ireland)
NorthxSouth Limited Unaudited accounts for the year ended 31 August 2023
NorthxSouth Limited Unaudited accounts Contents
Page
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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
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NorthxSouth Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,458 
14,689 
Current assets
Inventories
263,564 
295,780 
Debtors
24,243 
55,394 
Cash at bank and in hand
146,270 
130,406 
434,077 
481,580 
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 
Capital and reserves
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
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NorthxSouth Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
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 
Additions
9,633 
- 
9,633 
At 31 August 2023
15,633 
21,805 
37,438 
Depreciation
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 
Net book value
At 31 August 2023
9,673 
9,785 
19,458 
At 31 August 2022
2,458 
12,231 
14,689 
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NorthxSouth Limited Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,168 
33,319 
Other debtors
22,075 
22,075 
24,243 
55,394 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
35,000 
187,916 
VAT
2,431 
4,884 
Trade creditors
136,891 
145,375 
Taxes and social security
1,835 
14,144 
Loans from directors
8,564 
8,670 
Accruals
4,000 
4,000 
188,721 
364,989 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
117,917 
- 
8
Average number of employees
During the year the average number of employees was 7 (2022: 9).
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