IRIS Accounts Production v24.1.4.33 13695066 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136950662023-03-31136950662024-03-31136950662023-04-012024-03-31136950662021-10-20136950662021-10-212023-03-31136950662023-03-3113695066ns15:EnglandWales2023-04-012024-03-3113695066ns14:PoundSterling2023-04-012024-03-3113695066ns10:Director12023-04-012024-03-3113695066ns10:Director22023-04-012024-03-3113695066ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113695066ns10:SmallEntities2023-04-012024-03-3113695066ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113695066ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113695066ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113695066ns10:FullAccounts2023-04-012024-03-3113695066ns10:OrdinaryShareClass12023-04-012024-03-3113695066ns10:OrdinaryShareClass22023-04-012024-03-3113695066ns10:RegisteredOffice2023-04-012024-03-3113695066ns5:CurrentFinancialInstruments2024-03-3113695066ns5:CurrentFinancialInstruments2023-03-3113695066ns5:Non-currentFinancialInstruments2024-03-3113695066ns5:Non-currentFinancialInstruments2023-03-3113695066ns5:ShareCapital2024-03-3113695066ns5:ShareCapital2023-03-3113695066ns5:RetainedEarningsAccumulatedLosses2024-03-3113695066ns5:RetainedEarningsAccumulatedLosses2023-03-3113695066ns5:LandBuildings2023-04-012024-03-3113695066ns5:PlantMachinery2023-04-012024-03-3113695066ns5:LandBuildings2023-03-3113695066ns5:PlantMachinery2023-03-3113695066ns5:LandBuildings2024-03-3113695066ns5:PlantMachinery2024-03-3113695066ns5:LandBuildings2023-03-3113695066ns5:PlantMachinery2023-03-3113695066ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113695066ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113695066ns10:OrdinaryShareClass12024-03-3113695066ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 13695066 (England and Wales)















North Audley Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






North Audley Ltd (Registered number: 13695066)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Audley Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: N Ganatra
Mrs S Ganatra





REGISTERED OFFICE: 25 Turnberry Lane
Collingtree
Northampton
NN4 0PA





REGISTERED NUMBER: 13695066 (England and Wales)





ACCOUNTANTS: Tobutt & Co
132 Northampton Lane North
Moulton
Northampton
NN3 7QW

North Audley Ltd (Registered number: 13695066)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 744,214 651,031

CURRENT ASSETS
Debtors 5 2,287 1,220
Cash at bank 21,414 59,270
23,701 60,490
CREDITORS
Amounts falling due within one year 6 710,221 705,279
NET CURRENT LIABILITIES (686,520 ) (644,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,694

6,242

CREDITORS
Amounts falling due after more than one
year

7

52,568

-
NET ASSETS 5,126 6,242

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 4,926 6,042
SHAREHOLDERS' FUNDS 5,126 6,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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.

North Audley Ltd (Registered number: 13695066)

Balance Sheet - continued
31st March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 18th July 2024 and were signed on its behalf by:




Mrs S Ganatra - Director



N Ganatra - Director


North Audley Ltd (Registered number: 13695066)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

North Audley Ltd 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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 NIL (2023 - NIL).

North Audley Ltd (Registered number: 13695066)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 660,000 10,500 670,500
Additions - 124,395 124,395
At 31st March 2024 660,000 134,895 794,895
DEPRECIATION
At 1st April 2023 16,500 2,969 19,469
Charge for year 13,200 18,012 31,212
At 31st March 2024 29,700 20,981 50,681
NET BOOK VALUE
At 31st March 2024 630,300 113,914 744,214
At 31st March 2023 643,500 7,531 651,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,287 1,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 35,045 -
Trade creditors 554 449
Taxation and social security 5,008 12,826
Other creditors 669,614 692,004
710,221 705,279

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 52,568 -

North Audley Ltd (Registered number: 13695066)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

9. RELATED PARTY DISCLOSURES

At the period end the company owed £668,845 (2023 - £679,303) to Mr & Mrs N Ganatra, the directors of the company. This amount is included within other creditors.