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REGISTERED NUMBER: 00727461 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Alan Northrop Limited

Alan Northrop Limited (Registered number: 00727461)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alan Northrop Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R A Northrop
N J Northrop
B M Northrop
R A Stride
J E Hulme



SECRETARY: B M Northrop



REGISTERED OFFICE: Airedale Business Centre
Keighley Road
Skipton
North Yorkshire
BD23 2FJ



REGISTERED NUMBER: 00727461 (England and Wales)



ACCOUNTANTS: Evelyn Partners (Leeds) Limited
Accountants
3rd Floor
56 Wellington Street
Leeds
West Yorkshire
LS1 2EE



BANKERS: Lloyds
8-11 Cambridge Crescent
Harrogate
North Yorkshire
HG1 1PQ

Alan Northrop Limited (Registered number: 00727461)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,093,229 1,128,330

CURRENT ASSETS
Stocks 323,450 351,434
Debtors 5 448,829 305,275
Cash at bank 27,550 22,921
799,829 679,630
CREDITORS
Amounts falling due within one year 6 662,302 533,511
NET CURRENT ASSETS 137,527 146,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,230,756

1,274,449

CREDITORS
Amounts falling due after more than one
year

7

(139,393

)

(174,907

)

PROVISIONS FOR LIABILITIES 10 (152,531 ) (152,531 )
NET ASSETS 938,832 947,011

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 11 491,638 491,638
Retained earnings 422,194 430,373
938,832 947,011

Alan Northrop Limited (Registered number: 00727461)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 9 May 2024 and were signed on its behalf by:





R A Northrop - Director


Alan Northrop Limited (Registered number: 00727461)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Alan Northrop Limited 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 with the exception of certain fixed assets.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease
Plant and machinery - 10% - 25% straight line basis
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the statement of comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.


Alan Northrop Limited (Registered number: 00727461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Operating leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase agreements
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Alan Northrop Limited (Registered number: 00727461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only 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 non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the statement of comprehensive income on a straight line basis over the lease term.

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Finance costs


Alan Northrop Limited (Registered number: 00727461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 1,090,000 924,454 40,913 26,293 2,081,660
Additions - 8,211 - - 8,211
At 30 November 2023 1,090,000 932,665 40,913 26,293 2,089,871
DEPRECIATION
At 1 December 2022 - 893,324 40,913 19,093 953,330
Charge for year 15,893 25,019 - 2,400 43,312
At 30 November 2023 15,893 918,343 40,913 21,493 996,642
NET BOOK VALUE
At 30 November 2023 1,074,107 14,322 - 4,800 1,093,229
At 30 November 2022 1,090,000 31,130 - 7,200 1,128,330

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

£   £   
20232022

Plant and machinery5,00817,948
Motor vehicles4,8007,200
25,14847,571



5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 448,591 305,086
Prepayments and accrued income 238 189
448,829 305,275

Alan Northrop Limited (Registered number: 00727461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,617 23,126
Finance leases (see note 8) 3,629 4,585
Trade creditors 198,948 197,129
Tax 14,831 2,859
Social security and other taxes 15,268 13,645
VAT 37,736 20,540
Other creditors 352,273 267,627
Accruals and deferred income 11,000 4,000
662,302 533,511

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 136,545 170,673
Finance leases (see note 8) 2,848 4,234
139,393 174,907

8. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 3,629 4,585
Between one and five years 2,848 4,234
6,477 8,819

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 165,162 193,799
Finance leases 6,477 8,819
171,639 202,618

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 152,531 152,531

Alan Northrop Limited (Registered number: 00727461)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 152,531
Deferred tax movement
Balance at 30 November 2023 152,531

11. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 491,638

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors are amounts of £6,820 (2022: £18,000) due from a director. The maximum balance was £18,000.

13. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the benefit of some employees and makes contributions to the personal pension schemes of the directors. The assets of the scheme are administered by trustees in a fund independent from those of the company.

The total contributions paid in the year amounted to £37,147 (2022: £27,797) and there was £Nil outstanding at the year end (2022: £Nil).

14. COMMITMENTS UNDER OPERATING LEASE

At 30 November 2022 the Company had future minimum lease payments under non-cancellable operating leases as follows:


£    £   
2023 2022

Not later than 1 year 39,058 36,375
Later than 1 year and not later than 5 years 142,878 142,923
Later than 5 years 1,650,667 1,687,879
1,832,603 1,827,404

15. RELATED PARTY TRANSACTIONS

Included within bank loans due within one year and after one year are loans held in the name of the company that are personally secured against the assets of a director of the company.

The company occupies premises leased from a related party. Rent is paid on a commercial basis at the rate of £32,000 per annum (2022: £32,000).

No further transactions with related parties were undertaken such as are required to be disclosed under the Section 1A of FRS 102.