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REGISTERED NUMBER: 13303147 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Northern Professional Services Group
Limited

Northern Professional Services Group
Limited (Registered number: 13303147)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northern Professional Services Group
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M J Hesketh
Mr M J Scott
Mr T J Seddon





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 13303147 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Northern Professional Services Group
Limited (Registered number: 13303147)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Cash at bank 266,208 290,514

CREDITORS
Amounts falling due within one year 4 1,716 1,350
NET CURRENT ASSETS 264,492 289,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,492

289,164

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 499,998 499,998
Retained earnings (235,508 ) (210,836 )
SHAREHOLDERS' FUNDS 264,492 289,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2 September 2024 and were signed on its behalf by:





Mr M J Hesketh - Director


Northern Professional Services Group
Limited (Registered number: 13303147)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Northern Professional Services Group 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Accrued expenses 1,716 1,350

Northern Professional Services Group
Limited (Registered number: 13303147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. RELATED PARTY DISCLOSURES

A fee agreement dated 6 April 2021 was made between the company, a wholly owned subsidiary and the directors.

As per the fee agreement, the company agreed that it would fund the payment of reasonable legal costs of an ongoing case to and including a final decision in the first tier tribunal.

The relevant legal costs incurred during the year and prior period have been shown in these accounts as an intercompany loan to the wholly owned subsidiary and subsequently written off to the profit and loss account on the basis that they are funded by this company and are therefore irrecoverable.

At the year end date the wholly owned subsidiary was in the process of liquidation.