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REGISTERED NUMBER: 10978641 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NORTHERN NUTRITION MINERALS LIMITED

NORTHERN NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)






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 NUTRITION MINERALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Robin Swales Wilkinson
Richard Swales Wilkinson
Alastair Sanderson Wilkinson





REGISTERED OFFICE: Oaklands
Keldholme
Kirkbymoorside
York
YO62 6ND





REGISTERED NUMBER: 10978641 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
York House
Market Place
Leyburn
North Yorkshire
DL8 5AT

NORTHERN NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,912 52,415

CURRENT ASSETS
Stocks 65,950 44,971
Debtors 5 199,833 240,110
265,783 285,081
CREDITORS
Amounts falling due within one year 6 204,306 234,699
NET CURRENT ASSETS 61,477 50,382
TOTAL ASSETS LESS CURRENT LIABILITIES 129,389 102,797

CREDITORS
Amounts falling due after more than one
year

7

(27,681

)

(37,902

)

PROVISIONS FOR LIABILITIES (16,978 ) (9,959 )
NET ASSETS 84,730 54,936

CAPITAL AND RESERVES
Called up share capital 30 30
Profit and loss account 84,700 54,906
84,730 54,936

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 NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Richard Swales Wilkinson - Director


NORTHERN NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Northern Nutrition Minerals 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.

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 - 20% on reducing balance
Computer Equipment - 20% on reducing balance

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

NORTHERN NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

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.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 November 2022 8,152 75,025 2,371 85,548
Additions 8,267 32,300 1,707 42,274
Disposals - (20,898 ) - (20,898 )
At 31 October 2023 16,419 86,427 4,078 106,924
DEPRECIATION
At 1 November 2022 4,567 27,266 1,300 33,133
Charge for year 2,370 15,559 555 18,484
Eliminated on disposal - (12,605 ) - (12,605 )
At 31 October 2023 6,937 30,220 1,855 39,012
NET BOOK VALUE
At 31 October 2023 9,482 56,207 2,223 67,912
At 31 October 2022 3,585 47,759 1,071 52,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 193,554 231,272
Other debtors 6,279 8,838
199,833 240,110

NORTHERN NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,650 20,139
Hire purchase contracts 12,337 15,560
Trade creditors 100,370 139,947
Taxation and social security 38,028 29,060
Other creditors 11,921 29,993
204,306 234,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 11,014 11,235
27,681 37,902

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 31,650 10,139
Hire purchase contracts 23,351 26,795
55,001 36,934

Bank overdraft facility is secured over business assets and Mr R Wilkinson is a personal guarantor.

The obligation under hire purchase contract is secured by a charge on the asset purchased under this agreement.

The company has a bounce back loan of £26,667 (2022: £36,667 ) which is unsecured but it is supported by a government guarantee.

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are
held separately from those of the company in an independently administered fund. The pension
costs represents contributions payable by the company to the fund and amounted to £9,000 (2022:
£5,500).

NORTHERN NUTRITION MINERALS LIMITED (REGISTERED NUMBER: 10978641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. RELATED PARTY DISCLOSURES

Mr R Wilkinson, Mr A Wilkinson and Mr R Wilkinson have control over a majority of shares in the company, and together with their involvement with its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Standard No.102.

During the year the company paid the director Mr Richard Wilkinson £1,192 (2022:£892) for the use of his home as an office to cover utility costs incurred.

Creditors falling due within one year include the following the directors' loans owed to Mr R Wilkinson £3,675 (2022 : £11,759), Mr A Wilkinson £4,084 (2022 : £14,580) and Mr R Wilkinson £2,161 (2022 : £1,657).