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REGISTERED NUMBER: 03123113 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

N&C GROUP UK LTD

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N&C GROUP UK LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Mrs P Farrimond
Miss J K Farrimond
D J Farrimond
D B Farrimond





SECRETARY: D J Farrimond





REGISTERED OFFICE: c/o Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 03123113 (England and Wales)





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

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,552 4,274
Investments 5 616,500 616,500
620,052 620,774

CURRENT ASSETS
Debtors 6 244,189 290,503
Cash at bank 30,520 25,147
274,709 315,650
CREDITORS
Amounts falling due within one year 7 94,129 91,200
NET CURRENT ASSETS 180,580 224,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,632

845,224

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Share premium 9 562,500 562,500
Retained earnings 9 228,132 272,724
SHAREHOLDERS' FUNDS 800,632 845,224

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.

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:



D B Farrimond - Director


N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

1. STATUTORY INFORMATION

N&C Group UK 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.
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% 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 4 (2023 - 4 ) .

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 5,673 7,325 12,998
DEPRECIATION
At 1 February 2023 2,211 6,513 8,724
Charge for year 519 203 722
At 31 January 2024 2,730 6,716 9,446
NET BOOK VALUE
At 31 January 2024 2,943 609 3,552
At 31 January 2023 3,462 812 4,274

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 February 2023
and 31 January 2024 616,500
NET BOOK VALUE
At 31 January 2024 616,500
At 31 January 2023 616,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Northern & Central Wigan Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 879,977 854,432
Profit for the year 25,545 2,899

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

5. FIXED ASSET INVESTMENTS - continued

Northern & Central Ormskirk Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 402,878 435,369
Loss for the year (32,491 ) (3,858 )

Northern & Central Buxton Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 1,007,347 1,018,706
(Loss)/profit for the year (9,259 ) 16,989

Northern & Central Macclesfield Limited
Registered office: Within the United Kingdom
Nature of business: Electrical Wholesalers
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 360,059 400,939
(Loss)/profit for the year (40,880 ) 1,813

Investment
at Cost
£
Northern & Central Wigan Limited 296,500
Northern & Central Ormskirk Limited35,000
Northern & Central Buxton Limited160,000
Northern & Central Macclesfield Limited125,000
616,500


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts due from subsidiaries 238,611 284,435
Prepayments and accrued income 5,578 6,068
244,189 290,503

N&C GROUP UK LTD (REGISTERED NUMBER: 03123113)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 1,637
Tax - 15,657
Social security and other taxes 5,013 1,116
VAT 7,594 9,860
Directors' current accounts 78,997 60,430
Accrued expenses 2,525 2,500
94,129 91,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2023 272,724 562,500 835,224
Profit for the year 18,408 18,408
Dividends (63,000 ) (63,000 )
At 31 January 2024 228,132 562,500 790,632

10. RELATED PARTY DISCLOSURES

Mr D J Farrimond, Mrs P Farrimond and Mr D B Farrimond, directors of the company, are also the directors of the subsidiary undertakings listed in note 8. Consultancy fees were received from the subsidiary undertakings as follows:

2024 2023
£ £
Northern & Central Wigan Limited 123,500 123,500
Northern & Central Ormskirk Limited 24,000 59,000
Northern & Central Macclesfield Limited 12,000 12,000
Northern & Central Buxton Limited 92,667 116,000
252,167 310,500