Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05164882 Mr Ian Farley Mrs Beverley Farley Northern Marking (Holdings) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05164882 2022-12-31 05164882 2023-12-31 05164882 2023-01-01 2023-12-31 05164882 frs-core:CurrentFinancialInstruments 2023-12-31 05164882 frs-core:Non-currentFinancialInstruments 2023-12-31 05164882 frs-core:BetweenOneFiveYears 2023-12-31 05164882 frs-core:FurnitureFittings 2023-12-31 05164882 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05164882 frs-core:FurnitureFittings 2022-12-31 05164882 frs-core:MotorVehicles 2023-12-31 05164882 frs-core:MotorVehicles 2023-01-01 2023-12-31 05164882 frs-core:MotorVehicles 2022-12-31 05164882 frs-core:PlantMachinery 2023-12-31 05164882 frs-core:PlantMachinery 2023-01-01 2023-12-31 05164882 frs-core:PlantMachinery 2022-12-31 05164882 frs-core:WithinOneYear 2023-12-31 05164882 frs-core:ShareCapital 2023-12-31 05164882 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05164882 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05164882 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05164882 frs-bus:SmallEntities 2023-01-01 2023-12-31 05164882 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05164882 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05164882 1 2023-01-01 2023-12-31 05164882 frs-bus:Director1 2023-01-01 2023-12-31 05164882 frs-bus:Director1 2022-12-31 05164882 frs-bus:Director1 2023-12-31 05164882 frs-bus:Director2 2023-01-01 2023-12-31 05164882 frs-countries:EnglandWales 2023-01-01 2023-12-31 05164882 2021-12-31 05164882 2022-12-31 05164882 2022-01-01 2022-12-31 05164882 frs-core:CurrentFinancialInstruments 2022-12-31 05164882 frs-core:Non-currentFinancialInstruments 2022-12-31 05164882 frs-core:BetweenOneFiveYears 2022-12-31 05164882 frs-core:WithinOneYear 2022-12-31 05164882 frs-core:ShareCapital 2022-12-31 05164882 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05164882
Northern Marking Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05164882
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 322,269 342,245
322,269 342,245
CURRENT ASSETS
Stocks 5 3,018 14,874
Debtors 6 411,067 385,990
Cash at bank and in hand 199,658 376,599
613,743 777,463
Creditors: Amounts Falling Due Within One Year 7 (393,346 ) (395,498 )
NET CURRENT ASSETS (LIABILITIES) 220,397 381,965
TOTAL ASSETS LESS CURRENT LIABILITIES 542,666 724,210
Creditors: Amounts Falling Due After More Than One Year 8 (132,282 ) (253,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,560 ) (65,027 )
NET ASSETS 362,824 405,794
CAPITAL AND RESERVES
Called up share capital 10 400 400
Profit and Loss Account 362,424 405,394
SHAREHOLDERS' FUNDS 362,824 405,794
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Farley
Director
1 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Northern Marking Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05164882 . The registered office is Corn Street, Failsworth, Manchester, Lancashire, M35 0UE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 20-50% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 13)
14 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 15,439 378,556 106,041 500,036
Additions - 41,313 69,560 110,873
Disposals - (47,747 ) (67,200 ) (114,947 )
As at 31 December 2023 15,439 372,122 108,401 495,962
Depreciation
As at 1 January 2023 9,717 106,209 41,865 157,791
Provided during the period 858 42,270 26,548 69,676
Disposals - (18,310 ) (35,464 ) (53,774 )
As at 31 December 2023 10,575 130,169 32,949 173,693
Net Book Value
As at 31 December 2023 4,864 241,953 75,452 322,269
As at 1 January 2023 5,722 272,347 64,176 342,245
5. Stocks
2023 2022
£ £
Finished goods 3,018 14,874
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 136,471 119,030
Amounts owed by group undertakings 89,750 89,750
Amounts owed by participating interests 25,000 -
Other debtors 159,846 177,210
411,067 385,990
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 39,808 39,808
Trade creditors 168,755 230,026
Bank loans and overdrafts 80,942 80,942
Other creditors 50,615 26,158
Taxation and social security 53,226 18,564
393,346 395,498
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 86,251 126,060
Bank loans 46,031 127,329
132,282 253,389
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,808 39,808
Later than one year and not later than five years 86,251 126,060
126,059 165,868
126,059 165,868
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 400 400
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Ian Farley 45,034 199,294 170,715 - 73,613
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
Included within debtors the following were considerred to be related parties:
- Marconi Associates Limited £25,00 (2022: Nil)
- Northern Markings (Holdings) Limited £89,750 (2022: £89,750)
13. Ultimate Controlling Party
The company's ultimate controlling party is Northern Marking (Holdings) Limited by virtue of his ownership of 100% of the issued share capital in the company.
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