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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
Page
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NORTONS LOCAL LIMITED Company Information for the year ended 31 July 2023
Director
Jaspreet Singh
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
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NORTONS LOCAL LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,506 
7,265 
Current assets
Inventories
16,000 
39,000 
Debtors
3,250 
3,250 
Cash at bank and in hand
38,968 
99,615 
58,218 
141,865 
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)
Capital and reserves
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
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NORTONS LOCAL LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
Turnover
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 
Depreciation
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 
Net book value
At 31 July 2023
7,000 
(494)
6,506 
At 31 July 2022
7,500 
(235)
7,265 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,250 
3,250 
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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 
Accruals
- 
3,850 
25,485 
57,278 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,667 
22,666 
Other creditors
26,000 
75,000 
Loans from directors
(8,899)
- 
31,768 
97,666 
8
Share capital
2023 
2022 
£ 
£ 
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).
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