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REGISTERED NUMBER: 01039323 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

NORTHERN STORES LTD.

NORTHERN STORES LTD. (REGISTERED NUMBER: 01039323)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN STORES LTD.

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mr C W Jones
Mrs J Jones





SECRETARY: Mr C W Jones





REGISTERED OFFICE: The Tower
Melmerby
Penrith
Cumbria
CA10 1HE





REGISTERED NUMBER: 01039323 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

NORTHERN STORES LTD. (REGISTERED NUMBER: 01039323)

BALANCE SHEET
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 386,572 368,580
Investments 6 200,002 200,002
586,574 568,582

CURRENT ASSETS
Stocks 7 43,577 42,529
Debtors 8 6,820 6,319
Cash at bank and in hand 176,624 186,640
227,021 235,488
CREDITORS
Amounts falling due within one year 9 78,670 64,258
NET CURRENT ASSETS 148,351 171,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,925

739,812

CREDITORS
Amounts falling due after more than one
year

10

200,000

200,000
NET ASSETS 534,925 539,812

CAPITAL AND RESERVES
Called up share capital 11 50,000 50,000
Retained earnings 12 484,925 489,812
SHAREHOLDERS' FUNDS 534,925 539,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 STORES LTD. (REGISTERED NUMBER: 01039323)

BALANCE SHEET - continued
31st December 2023


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 25th June 2024 and were signed on its behalf by:





Mr C W Jones - Director


NORTHERN STORES LTD. (REGISTERED NUMBER: 01039323)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Northern Stores 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 STORES LTD. (REGISTERED NUMBER: 01039323)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Preparation of consolidated financial statements
These financial statements contain information relating only to Northern Stores Limited as an individual company and do not contain consolidated financial information as the parent of a group. The Company has taken the option under section 398 of The Companies Act 2006 not to prepare consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 102,000
AMORTISATION
At 1st January 2023
and 31st December 2023 102,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st January 2023 404,036 83,213 21,425 508,674
Additions 17,110 10,846 6,510 34,466
At 31st December 2023 421,146 94,059 27,935 543,140
DEPRECIATION
At 1st January 2023 58,350 64,556 17,188 140,094
Charge for year 8,423 5,901 2,150 16,474
At 31st December 2023 66,773 70,457 19,338 156,568
NET BOOK VALUE
At 31st December 2023 354,373 23,602 8,597 386,572
At 31st December 2022 345,686 18,657 4,237 368,580

NORTHERN STORES LTD. (REGISTERED NUMBER: 01039323)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st January 2023
and 31st December 2023 200,002
NET BOOK VALUE
At 31st December 2023 200,002
At 31st December 2022 200,002

7. STOCKS
31.12.23 31.12.22
£    £   
Stock at cost 43,577 42,529

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 323 193
Vouchers recoverable 1,175 1,118
Prepayments 5,322 5,008
6,820 6,319

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 42,912 39,631
Tax 731 159
Social security and other taxes 1,412 -
VAT 4,685 4,848
Directors' loan accounts 22,357 14,988
Accrued expenses 6,573 4,632
78,670 64,258

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Owed to related undertakings 200,000 200,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50,000 Ordinary £1 50,000 50,000

NORTHERN STORES LTD. (REGISTERED NUMBER: 01039323)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

12. RESERVES
Retained
earnings
£   

At 1st January 2023 489,812
Profit for the year 45,113
Dividends (50,000 )
At 31st December 2023 484,925