Registered number
13506235
NORTHERN CS LTD
Filleted Accounts
31 July 2024
NORTHERN CS LTD
Registered number: 13506235
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,416 11,904
Current assets
Stocks 107,500 88,900
Debtors 4 79,850 151,180
Cash at bank and in hand 113,265 74,520
300,615 314,600
Creditors: amounts falling due within one year 5 (26,591) (38,636)
Net current assets 274,024 275,964
Total assets less current liabilities 284,440 287,868
Creditors: amounts falling due after more than one year 6 (159,041) (165,914)
Net assets 125,399 121,954
Capital and reserves
Called up share capital 100 100
Profit and loss account 125,299 121,854
Shareholders' funds 125,399 121,954
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
YUNUS PATEL
Director
Approved by the board on 6 August 2024
NORTHERN CS LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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, less any impairment losses for bad and doubtful debts.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 14,880
At 31 July 2024 14,880
Depreciation
At 1 August 2023 2,976
Charge for the year 1,488
At 31 July 2024 4,464
Net book value
At 31 July 2024 10,416
At 31 July 2023 11,904
4 Debtors 2024 2023
£ £
Trade debtors 79,850 151,180
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 216
Taxation and social security costs 22,636 34,191
Other creditors 3,955 4,229
26,591 38,636
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loans 159,041 165,914
7 Controlling party
The company is wholly owned by the Director and his spouse.
8 Other information
NORTHERN CS LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 28
WHARF STREET
DEWSBURY
WF12 9AH
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