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Registration number: 1332687

Northern Specialised Site Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Northern Specialised Site Services Ltd

Director's Report for the Year Ended 31 January 2024

The report and the financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Tracey Marie Tinkler

Principal activity

The principal activity of the company is Property renting

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 July 2024
 

.........................................
Tracey Marie Tinkler
Director

 

Northern Specialised Site Services Ltd

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

 

20,761

20,090

Gross profit

 

20,761

20,090

Administrative expenses

 

(12,134)

(28,827)

Operating profit/(loss)

 

8,627

(8,737)

Profit/(loss) before tax

4

8,627

(8,737)

Profit/(loss) for the financial year

 

8,627

(8,737)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Northern Specialised Site Services Ltd

(Registration number: 1332687)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

152,684

151,158

Current assets

 

Debtors

6

3,899

230

Cash at bank and in hand

 

40,279

37,498

 

44,178

37,728

Creditors: Amounts falling due within one year

7

(2,950)

(3,600)

Net current assets

 

41,228

34,128

Net assets

 

193,912

185,286

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

193,812

185,186

Shareholders' funds

 

193,912

185,286

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 July 2024
 

.........................................
Tracey Marie Tinkler
Director

 

Northern Specialised Site Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Farrier Way
Retford
Nottinghamshire
DN22 6UP

These financial statements were authorised for issue by the director on 26 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Northern Specialised Site Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

672

290

 

Northern Specialised Site Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

150,000

1,448

151,448

Additions

-

2,198

2,198

At 31 January 2024

150,000

3,646

153,646

Depreciation

At 1 February 2023

-

290

290

Charge for the year

-

672

672

At 31 January 2024

-

962

962

Carrying amount

At 31 January 2024

150,000

2,684

152,684

At 31 January 2023

150,000

1,158

151,158

Included within the net book value of land and buildings above is £150,000 (2023 - £150,000) in respect of freehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Trade debtors

3,670

-

Other debtors

229

230

 

3,899

230

 

Northern Specialised Site Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,950

3,600

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100