2023-04-012024-03-312024-03-31false00575688NORTHERN VACUUMS LIMITED2024-07-3047540iso4217:GBPxbrli:pure005756882023-04-01005756882024-03-31005756882023-04-012024-03-31005756882022-04-01005756882023-03-31005756882022-04-012023-03-3100575688bus:SmallEntities2023-04-012024-03-3100575688bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3100575688bus:FullAccounts2023-04-012024-03-3100575688bus:PrivateLimitedCompanyLtd2023-04-012024-03-3100575688core:WithinOneYear2024-03-3100575688core:AfterOneYear2024-03-3100575688core:WithinOneYear2023-03-3100575688core:AfterOneYear2023-03-3100575688core:ShareCapital2024-03-3100575688core:SharePremium2024-03-3100575688core:RevaluationReserve2024-03-3100575688core:OtherReservesSubtotal2024-03-3100575688core:RetainedEarningsAccumulatedLosses2024-03-3100575688core:ShareCapital2023-03-3100575688core:SharePremium2023-03-3100575688core:RevaluationReserve2023-03-3100575688core:OtherReservesSubtotal2023-03-3100575688core:RetainedEarningsAccumulatedLosses2023-03-3100575688core:LandBuildings2024-03-3100575688core:PlantMachinery2024-03-3100575688core:Vehicles2024-03-3100575688core:FurnitureFittings2024-03-3100575688core:OfficeEquipment2024-03-3100575688core:NetGoodwill2024-03-3100575688core:IntangibleAssetsOtherThanGoodwill2024-03-3100575688core:ListedExchangeTraded2024-03-3100575688core:UnlistedNon-exchangeTraded2024-03-3100575688core:LandBuildings2023-03-3100575688core:PlantMachinery2023-03-3100575688core:Vehicles2023-03-3100575688core:FurnitureFittings2023-03-3100575688core:OfficeEquipment2023-03-3100575688core:NetGoodwill2023-03-3100575688core:IntangibleAssetsOtherThanGoodwill2023-03-3100575688core:ListedExchangeTraded2023-03-3100575688core:UnlistedNon-exchangeTraded2023-03-3100575688core:LandBuildings2023-04-012024-03-3100575688core:PlantMachinery2023-04-012024-03-3100575688core:Vehicles2023-04-012024-03-3100575688core:FurnitureFittings2023-04-012024-03-3100575688core:OfficeEquipment2023-04-012024-03-3100575688core:NetGoodwill2023-04-012024-03-3100575688core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3100575688core:ListedExchangeTraded2023-04-012024-03-3100575688core:UnlistedNon-exchangeTraded2023-04-012024-03-3100575688core:MoreThanFiveYears2023-04-012024-03-3100575688core:Non-currentFinancialInstruments2024-03-3100575688core:Non-currentFinancialInstruments2023-03-3100575688dpl:CostSales2023-04-012024-03-3100575688dpl:DistributionCosts2023-04-012024-03-3100575688core:LandBuildings2023-04-012024-03-3100575688core:PlantMachinery2023-04-012024-03-3100575688core:Vehicles2023-04-012024-03-3100575688core:FurnitureFittings2023-04-012024-03-3100575688core:OfficeEquipment2023-04-012024-03-3100575688dpl:AdministrativeExpenses2023-04-012024-03-3100575688core:NetGoodwill2023-04-012024-03-3100575688core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3100575688dpl:GroupUndertakings2023-04-012024-03-3100575688dpl:ParticipatingInterests2023-04-012024-03-3100575688dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3100575688core:ListedExchangeTraded2023-04-012024-03-3100575688dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3100575688core:UnlistedNon-exchangeTraded2023-04-012024-03-3100575688dpl:CostSales2022-04-012023-03-3100575688dpl:DistributionCosts2022-04-012023-03-3100575688core:LandBuildings2022-04-012023-03-3100575688core:PlantMachinery2022-04-012023-03-3100575688core:Vehicles2022-04-012023-03-3100575688core:FurnitureFittings2022-04-012023-03-3100575688core:OfficeEquipment2022-04-012023-03-3100575688dpl:AdministrativeExpenses2022-04-012023-03-3100575688core:NetGoodwill2022-04-012023-03-3100575688core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3100575688dpl:GroupUndertakings2022-04-012023-03-3100575688dpl:ParticipatingInterests2022-04-012023-03-3100575688dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3100575688core:ListedExchangeTraded2022-04-012023-03-3100575688dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3100575688core:UnlistedNon-exchangeTraded2022-04-012023-03-3100575688core:NetGoodwill2024-03-3100575688core:IntangibleAssetsOtherThanGoodwill2024-03-3100575688core:LandBuildings2024-03-3100575688core:PlantMachinery2024-03-3100575688core:Vehicles2024-03-3100575688core:FurnitureFittings2024-03-3100575688core:OfficeEquipment2024-03-3100575688core:AfterOneYear2024-03-3100575688core:WithinOneYear2024-03-3100575688core:ListedExchangeTraded2024-03-3100575688core:UnlistedNon-exchangeTraded2024-03-3100575688core:ShareCapital2024-03-3100575688core:SharePremium2024-03-3100575688core:RevaluationReserve2024-03-3100575688core:OtherReservesSubtotal2024-03-3100575688core:RetainedEarningsAccumulatedLosses2024-03-3100575688core:NetGoodwill2023-03-3100575688core:IntangibleAssetsOtherThanGoodwill2023-03-3100575688core:LandBuildings2023-03-3100575688core:PlantMachinery2023-03-3100575688core:Vehicles2023-03-3100575688core:FurnitureFittings2023-03-3100575688core:OfficeEquipment2023-03-3100575688core:AfterOneYear2023-03-3100575688core:WithinOneYear2023-03-3100575688core:ListedExchangeTraded2023-03-3100575688core:UnlistedNon-exchangeTraded2023-03-3100575688core:ShareCapital2023-03-3100575688core:SharePremium2023-03-3100575688core:RevaluationReserve2023-03-3100575688core:OtherReservesSubtotal2023-03-3100575688core:RetainedEarningsAccumulatedLosses2023-03-3100575688core:NetGoodwill2022-04-0100575688core:IntangibleAssetsOtherThanGoodwill2022-04-0100575688core:LandBuildings2022-04-0100575688core:PlantMachinery2022-04-0100575688core:Vehicles2022-04-0100575688core:FurnitureFittings2022-04-0100575688core:OfficeEquipment2022-04-0100575688core:AfterOneYear2022-04-0100575688core:WithinOneYear2022-04-0100575688core:ListedExchangeTraded2022-04-0100575688core:UnlistedNon-exchangeTraded2022-04-0100575688core:ShareCapital2022-04-0100575688core:SharePremium2022-04-0100575688core:RevaluationReserve2022-04-0100575688core:OtherReservesSubtotal2022-04-0100575688core:RetainedEarningsAccumulatedLosses2022-04-0100575688core:AfterOneYear2023-04-012024-03-3100575688core:WithinOneYear2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3100575688core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3100575688core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3100575688core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3100575688core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3100575688core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3100575688bus:Director12023-04-012024-03-3100575688bus:Director22023-04-012024-03-3100575688bus:Director32023-04-012024-03-3100575688core:FurnitureFittingsToolsEquipment2023-03-3100575688core:FurnitureFittingsToolsEquipment2023-04-012024-03-3100575688core:FurnitureFittingsToolsEquipment2024-03-31

NORTHERN VACUUMS LIMITED

Registered Number
00575688
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

NORTHERN VACUUMS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ETHERIDGE, Gerald William
ETHERIDGE, Harold Grant
ETHERIDGE, Joan Isobel

Company Secretary

ETHERIDGE, Gerald William

Registered Address

10 Abbey St
Carlisle
CA3 8TX

Registered Number

00575688 (England and Wales)
NORTHERN VACUUMS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3261,407278,655
Investments486,21578,481
347,622357,136
Current assets
Stocks5502,146544,908
Debtors677,82354,446
Cash at bank and on hand225,007183,960
804,976783,314
Creditors amounts falling due within one year7(277,778)(300,524)
Net current assets (liabilities)527,198482,790
Total assets less current liabilities874,820839,926
Provisions for liabilities8(34,000)(34,500)
Net assets840,820805,426
Capital and reserves
Called up share capital887887
Revaluation reserve55,49347,758
Other reserves113113
Profit and loss account784,327756,668
Shareholders' funds840,820805,426
The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2024, and are signed on its behalf by:
ETHERIDGE, Harold Grant
Director
Registered Company No. 00575688
NORTHERN VACUUMS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognized when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Fixtures and fittings15-
Vehicles25-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Finance leases and hire purchase contracts
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognized immediately in the Income Statement.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year1515
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 23398,489138,24520,888557,622
Additions-8,095-8,095
At 31 March 24398,489146,34020,888565,717
Depreciation and impairment
At 01 April 23183,51076,29019,167278,967
Charge for year7,97117,11425825,343
At 31 March 24191,48193,40419,425304,310
Net book value
At 31 March 24207,00852,9361,463261,407
At 31 March 23214,97961,9551,721278,655
4.Fixed asset investments
Other investments relate to a 0.12% shareholding in Combined Independent Holdings Limited, a company registered in England and Wales. On 31 March 2023 this investment was revalued on a fair value basis and it is the opinion of the directors that this valuation has not materiality altered at the reporting date.

Other investments1

Total

££
Cost or valuation
At 01 April 2378,48178,481
Revaluations7,7347,734
At 31 March 2486,21586,215
Net book value
At 31 March 2486,21586,215
At 31 March 2378,48178,481

Notes

1Other investments other than loans
5.Stocks

2024

2023

££
Finished goods502,146544,908
Total502,146544,908
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables67,09944,825
Prepayments and accrued income10,7249,621
Total77,82354,446
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables107,845145,346
Taxation and social security63,08826,600
Other creditors59,10970,123
Accrued liabilities and deferred income47,73658,455
Total277,778300,524
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities
The provision for deferred tax arises from the fair value adjustment on investments of £19,000 with the remainder being accelerated capital allowances claimed in respect of tangible assets.

2024

2023

££
Net deferred tax liability (asset)34,00034,500
Total34,00034,500
9.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £9,325 (2023 - £8,607) and £35,080 (2023 - £10,080) for employees and directors respectively.