Company Registration No. 9678443 (England and Wales)
NORTONS LOCAL LIMITED
Unaudited accounts
for the year ended 31 July 2023
NORTONS LOCAL LIMITED
Unaudited accounts
Contents
NORTONS LOCAL LIMITED
Company Information
for the year ended 31 July 2023
Company Number
9678443 (England and Wales)
Registered Office
391 REDDITCH ROAD
KINGS NORTON
BIRMINGHAM
B38 8ND
ENGLAND
Accountants
Gurdeep Jaswal
Jaswal and Co Limited
121 Beavers Lane
Hounslow
Middlesex
TW4 6HF
NORTONS LOCAL LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
6,506
7,265
Cash at bank and in hand
38,968
99,615
Creditors: amounts falling due within one year
(25,485)
(57,278)
Net current assets
32,733
84,587
Total assets less current liabilities
39,239
91,852
Creditors: amounts falling due after more than one year
(31,768)
(97,666)
Net assets/(liabilities)
7,471
(5,814)
Called up share capital
100
100
Profit and loss account
7,371
(5,914)
Shareholders' funds
7,471
(5,814)
For the year ending 31 July 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 29 July 2024 and were signed on its behalf by
Jaspreet Singh
Director
Company Registration No. 9678443
NORTONS LOCAL LIMITED
Notes to the Accounts
for the year ended 31 July 2023
NORTONS LOCAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9678443. The registered office is 391 REDDITCH ROAD, KINGS NORTON, BIRMINGHAM, B38 8ND, ENGLAND.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight line basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
10,000
2,350
12,350
At 31 July 2023
10,000
2,350
12,350
At 1 August 2022
2,500
2,585
5,085
Charge for the year
500
259
759
At 31 July 2023
3,000
2,844
5,844
At 31 July 2023
7,000
(494)
6,506
At 31 July 2022
7,500
(235)
7,265
Amounts falling due within one year
NORTONS LOCAL LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
8,000
Trade creditors
17,265
42,938
Taxes and social security
220
2,490
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
26,000
75,000
Loans from directors
(8,899)
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).