Company Registration No. 07462839 (England and Wales)
NORTHERN CLADDING (YORK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
NORTHERN CLADDING (YORK) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
NORTHERN CLADDING (YORK) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R J McKenna
(Appointed 29 August 2023)
Mr J McAdam
(Appointed 29 August 2023)
Secretary
Ms J Weston
Company number
07462839
Registered office
Great North Way
York Business Park
Nether Poppleton
York
YO26 6RB
Accountants
TC Group
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
NORTHERN CLADDING (YORK) LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
206,549
172,390
Cash at bank and in hand
20,594
2,452
227,143
174,842
Creditors: amounts falling due within one year
4
(223,761)
(173,842)
Net current assets
3,382
1,000
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
2,382
-
0
Total equity
3,382
1,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
Mr R J McKenna
Mr J McAdam
Director
Director
Company registration number 07462839 (England and Wales)
NORTHERN CLADDING (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Northern Cladding (York) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Great North Way, York Business Park, Nether Poppleton, York, YO26 6RB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the fair value of the consideration received or receivable for work done on contracting activities in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

NORTHERN CLADDING (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
199,408
165,451
Other debtors
7,141
6,939
206,549
172,390
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,751
15,671
Taxation and social security
80,275
52,851
Other creditors
119,070
96,745
Accruals and deferred income
8,665
8,575
223,761
173,842
5
Parent company

The joint controlling parties are Mr R Baines and Mr D Swales.

NORTHERN CLADDING (YORK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Northern Cladding Limited

(Common Directors)

 

Sales were made to the related party during the year of £3,760,744 (2023 - £5,409,606). The company also had management fees paid amounting to £199,992 (2023 - £199,992) and recharges incurred from the related party of £nil (2023 - £520).

 

At the balance sheet date, the amount included within trade debtors due from Northern Cladding Limited was £199,449 (2023 - £165,492).

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