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REGISTERED NUMBER: 01919119 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Norton Barrie (II) Limited

Norton Barrie (II) Limited (Registered number: 01919119)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Norton Barrie (II) Limited (Registered number: 01919119)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,340 12,400
Tangible assets 5 16,092 19,460
26,432 31,860

CURRENT ASSETS
Stocks 365,000 403,731
Debtors 6 472,015 261,990
Cash at bank and in hand 10,224 6,594
847,239 672,315
CREDITORS
Amounts falling due within one year 7 850,724 671,930
NET CURRENT (LIABILITIES)/ASSETS (3,485 ) 385
TOTAL ASSETS LESS CURRENT LIABILITIES 22,947 32,245

CREDITORS
Amounts falling due after more than one year 8 (14,167 ) (24,167 )

PROVISIONS FOR LIABILITIES (4,865 ) (3,697 )
NET ASSETS 3,915 4,381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,815 4,281
SHAREHOLDERS' FUNDS 3,915 4,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Norton Barrie (II) Limited (Registered number: 01919119)

Balance Sheet - continued
31 December 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr B Norton - Director


Norton Barrie (II) Limited (Registered number: 01919119)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Norton Barrie (II) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01919119

Registered office: 2-4 Springfield House
Water Lane
Wilmslow
Cheshire
SK9 5AA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

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 - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Norton Barrie (II) Limited (Registered number: 01919119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2023 15,500
Additions 1,300
At 31 December 2023 16,800
AMORTISATION
At 1 January 2023 3,100
Amortisation for year 3,360
At 31 December 2023 6,460
NET BOOK VALUE
At 31 December 2023 10,340
At 31 December 2022 12,400

Norton Barrie (II) Limited (Registered number: 01919119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 58,468 174,535 8,807 52,758 294,568
Additions - 474 - 609 1,083
At 31 December 2023 58,468 175,009 8,807 53,367 295,651
DEPRECIATION
At 1 January 2023 58,468 172,606 3,891 40,143 275,108
Charge for year - 408 737 3,306 4,451
At 31 December 2023 58,468 173,014 4,628 43,449 279,559
NET BOOK VALUE
At 31 December 2023 - 1,995 4,179 9,918 16,092
At 31 December 2022 - 1,929 4,916 12,615 19,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 163,167 163,167
Other debtors 308,848 98,823
472,015 261,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,003
Trade creditors 561,830 484,521
Taxation and social security 78,168 89,701
Other creditors 200,726 87,705
850,724 671,930

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,167 24,167

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £18,406 (2022 £0). These financial commitments represents the total amount of payments remaining on leases ending in 2026.

Norton Barrie (II) Limited (Registered number: 01919119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr B Norton and Mrs K G Norton
Balance outstanding at start of year 64,688 (49,680 )
Amounts advanced 418,612 114,368
Amounts repaid (200,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 283,300 64,688