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REGISTERED NUMBER: 01060668 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NORTHERN & CENTRAL
MACCLESFIELD LIMITED

NORTHERN & CENTRAL
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)






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
MACCLESFIELD 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: 01060668 (England and Wales)



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



BANKERS: National Westminster Bank plc
P.O. Box 65
2 Chestergate
Macclesfield
SK11 6BS

NORTHERN & CENTRAL
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,386 26,161
Investment property 5 213,600 215,700
231,986 241,861

CURRENT ASSETS
Stocks 6 113,025 117,449
Debtors 7 97,660 111,285
Cash at bank and in hand 28,982 60,841
239,667 289,575
CREDITORS
Amounts falling due within one year 8 89,724 110,917
NET CURRENT ASSETS 149,943 178,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,929

420,519

CREDITORS
Amounts falling due after more than one
year

9

-

(1,271

)

PROVISIONS FOR LIABILITIES 10 (21,870 ) (18,309 )
NET ASSETS 360,059 400,939

CAPITAL AND RESERVES
Called up share capital 11 70,000 70,000
Retained earnings 12 290,059 330,939
SHAREHOLDERS' FUNDS 360,059 400,939

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
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

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
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

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

1. STATUTORY INFORMATION

Northern & Central Macclesfield 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Office
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 9,816 26,582 45,000 94,317 175,715
DEPRECIATION
At 1 February 2023 8,945 26,195 26,692 87,722 149,554
Charge for year 87 58 4,577 3,053 7,775
At 31 January 2024 9,032 26,253 31,269 90,775 157,329
NET BOOK VALUE
At 31 January 2024 784 329 13,731 3,542 18,386
At 31 January 2023 871 387 18,308 6,595 26,161

NORTHERN & CENTRAL
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Office
equipment
£   
COST
At 1 February 2023
and 31 January 2024 9,150
DEPRECIATION
At 1 February 2023 4,575
Charge for year 2,288
At 31 January 2024 6,863
NET BOOK VALUE
At 31 January 2024 2,287
At 31 January 2023 4,575

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 215,700
Revaluations (2,100 )
At 31 January 2024 213,600
NET BOOK VALUE
At 31 January 2024 213,600
At 31 January 2023 215,700

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2017 25,386
Valuation in 2019 5,500
Valuation in 2020 1,400
Valuation in 2021 13,500
Valuation in 2022 20,600
Valuation in 2023 12,200
Valuation in 2024 (2,100 )
Cost 137,114
213,600

The directors deem this to be a fair value as at 31 January 2024.

6. STOCKS
31.1.24 31.1.23
£    £   
Goods for resale 113,025 117,449

NORTHERN & CENTRAL
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 87,616 92,901
Other debtors 2,286 2,286
Amounts due from fellow subsidiaries 584 4,307
Prepayments and accrued income 7,174 11,791
97,660 111,285

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 1,271 3,050
Trade creditors 42,050 51,778
Tax - 779
Social security and other taxes 4,126 3,784
VAT 13,586 16,132
Amounts owed to fellow subsidiaries 12,757 12,041
Amount owed to parent company 10,403 10,403
Accrued expenses 5,531 12,950
89,724 110,917

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 21,870 18,309

Deferred
tax
£   
Balance at 1 February 2023 18,309
Provided during year 3,561
Balance at 31 January 2024 21,870

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
65,000 Ordinary £1 65,000 65,000
5,000 Preference £1 5,000 5,000
70,000 70,000

NORTHERN & CENTRAL
MACCLESFIELD LIMITED (REGISTERED NUMBER: 01060668)

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

12. RESERVES
Retained
earnings
£   

At 1 February 2023 330,939
Deficit for the year (40,880 )
At 31 January 2024 290,059

13. RELATED PARTY DISCLOSURES

The company is controlled by its parent company N & C Group UK Limited. Transactions have taken place with the group companies listed below:

NAMERELATIONSHIP

N & C Group UK LimitedParent company
Northern & Central Wigan LimitedFellow subsidiary
Northern & Central Ormskirk LimitedFellow subsidiary
Northern & Central Buxton LimitedFellow subsidiary

Consultancy fees of £12,000 (2023 : £12,000) were payable to N & C Group UK Limited during the year. Other transactions which are considered to be material and which have not been disclosed elsewhere in the financial statements amounted to:

Sales Purchases
2024202320242023
£ £ £ £

Northern & Central Wigan Limited26,14628,653(8,518)(5,374)
Northern & Central Ormskirk Limited21,11421,50431,23252,975
Northern & Central Buxton Limited16,48212,7045,8868,602
63,74262,86128,60056,203

The above transactions were all performed at cost.

Amounts due to the ultimate parent company and amounts due to / from fellow subsidiaries are disclosed in notes 9 and 10 of the financial statements.

14. ULTIMATE CONTROLLING PARTY

The controlling party is N & C Group UK Limited.

N & C Group UK Limited, a company incorporated in the United Kingdom, is controlled by Mr D B Farrimond and members of his close family.