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REGISTERED NUMBER: 00991433 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NORTHERN & CENTRAL WIGAN LIMITED

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN & CENTRAL WIGAN LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Mr D J Farrimond
Mrs P Farrimond
Mr D B Farrimond



SECRETARY: Mr D J Farrimond



REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



REGISTERED NUMBER: 00991433 (England and Wales)



ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



BANKERS: National Westminster Bank PLC
PO Box 65
2 Chestergate
Macclesfield
SK11 6BS

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 226,687 235,485
226,687 235,485

CURRENT ASSETS
Stocks 6 251,347 269,151
Debtors 7 655,838 633,216
Cash at bank and in hand 228,465 310,844
1,135,650 1,213,211
CREDITORS
Amounts falling due within one year 8 470,414 580,103
NET CURRENT ASSETS 665,236 633,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

891,923

868,593

CREDITORS
Amounts falling due after more than one
year

9

-

(1,271

)

PROVISIONS FOR LIABILITIES 10 (11,946 ) (12,890 )
NET ASSETS 879,977 854,432

CAPITAL AND RESERVES
Called up share capital 11 62,000 62,000
Retained earnings 12 817,977 792,432
SHAREHOLDERS' FUNDS 879,977 854,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

BALANCE SHEET - continued
31 January 2024


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 29 July 2024 and were signed on its behalf by:





Mr D B Farrimond - Director


NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Northern & Central Wigan 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 2007, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Leasehold improvements - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 58,000
AMORTISATION
At 1 February 2023
and 31 January 2024 58,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Long Leasehold Plant and
leasehold improvements machinery
£    £    £   
COST
At 1 February 2023 174,397 2,520 4,100
Additions - - -
Disposals - - -
At 31 January 2024 174,397 2,520 4,100
DEPRECIATION
At 1 February 2023 13,952 202 2,803
Charge for year 3,488 50 324
Eliminated on disposal - - -
At 31 January 2024 17,440 252 3,127
NET BOOK VALUE
At 31 January 2024 156,957 2,268 973
At 31 January 2023 160,445 2,318 1,297

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 99,447 112,195 67,746 460,405
Additions - 17,200 439 17,639
Disposals - (13,411 ) - (13,411 )
At 31 January 2024 99,447 115,984 68,185 464,633
DEPRECIATION
At 1 February 2023 97,709 52,034 58,220 224,920
Charge for year 261 19,179 2,491 25,793
Eliminated on disposal - (12,767 ) - (12,767 )
At 31 January 2024 97,970 58,446 60,711 237,946
NET BOOK VALUE
At 31 January 2024 1,477 57,538 7,474 226,687
At 31 January 2023 1,738 60,161 9,526 235,485

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 9,150
DEPRECIATION
At 1 February 2023 4,003
Charge for year 1,287
At 31 January 2024 5,290
NET BOOK VALUE
At 31 January 2024 3,860
At 31 January 2023 5,147

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 251,347 269,151

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 558,363 457,260
Other debtors 2,480 -
Associated companies 27,963 2,573
VAT - 21,612
Prepayments and accrued income 67,032 151,771
655,838 633,216

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 1,271 3,050
Trade creditors 268,946 404,364
Corporation tax - 918
Social security 4,454 4,028
VAT 20,029 -
Other creditors 996 1,396
Parent company 137,398 129,923
Associated companies 9,330 9,497
Accruals and deferred income 27,990 26,927
470,414 580,103

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 1,271

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 11,946 12,890

Deferred
tax
£   
Balance at 1 February 2023 12,890
Accelerated capital allowances (944 )
Balance at 31 January 2024 11,946

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
60,000 Ordinary £1 60,000 60,000
2,000 Preference £1 2,000 2,000
62,000 62,000

12. RESERVES
Retained
earnings
£   

At 1 February 2023 792,432
Profit for the year 25,545
At 31 January 2024 817,977

NORTHERN & CENTRAL WIGAN LIMITED (REGISTERED NUMBER: 00991433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

13. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of its parent company, N&C Group UK Ltd. Transactions have taken place with the group companies listed below:

NAME RELATIONSHIP

N&C Group UK Ltd Parent company
Northern & Central Buxton Limited Fellow subsidiary
Northern & Central Macclesfield Limited Fellow subsidiary
Northern & Central Ormskirk Limited Fellow subsidiary

Consultancy fees of £123,500 (2023 - £123,500) were paid to N&C Group UK Ltd during the year. The other aggregated transactions which are considered to be material and which have not been disclosed elsewhere in the financial statements amounted to:

Sales Purchases
2024 2023 2024 2023
£ £ £ £
Northern & Central Buxton Limited (32,896 ) (35,523 ) 17,968 25,164
Northern & Central Macclesfield Limited (8,518 ) (5,373 ) 26,146 28,653
Northern & Central Ormskirk Limited (31,123 ) (18,083 ) 64,286 164,516
(72,537 ) (58,979 ) 108,400 218,333

The above transactions were all performed at cost.

Amounts due to the ultimate parent company and amounts due from and to fellow subsidiaries are disclosed in notes 7 and 8 of these financial statements.

14. ULTIMATE CONTROLLING PARTY

The controlling party is N&C Group UK Ltd.

The ultimate controlling party is Mr D B Farrimond.