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REGISTERED NUMBER: 03000888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

S & S NORTHERN LIMITED

S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


S & S NORTHERN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S McMahon
Mrs S McMahon
L G Dempsey
C P Dempsey
D J McMahon





SECRETARY: S McMahon





REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 03000888 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 258,917 223,810
258,917 223,810

CURRENT ASSETS
Stocks 240,660 463,300
Debtors 1,020,470 925,733
Cash at bank and in hand 150,426 323,194
1,411,556 1,712,227
CREDITORS
Amounts falling due within one year 1,069,566 1,312,381
NET CURRENT ASSETS 341,990 399,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

600,907

623,656

CREDITORS
Amounts falling due after more than one year (172,645 ) (128,555 )

PROVISIONS FOR LIABILITIES (23,633 ) (34,107 )
NET ASSETS 404,629 460,994

CAPITAL AND RESERVES
Called up share capital 8 103 103
Retained earnings 404,526 460,891
SHAREHOLDERS' FUNDS 404,629 460,994

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

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

S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





S McMahon - Director


S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

S & S Northern 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.

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
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year.

Revenue is recognised when goods are dispatched to customers.

Patents and licences
Patents and licences are amortised on a straight line basis over their estimated useful economic life which is considered to be five years.

Computer software
Computer software is amortised on a straight line basis over its estimated useful economic life which is considered to be three years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.


S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 31,805
AMORTISATION
At 1st April 2023
and 31st March 2024 31,805
NET BOOK VALUE

At 31st March 2024 -
At 31st March 2023 -

S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 374,809
Additions 105,933
At 31st March 2024 480,742
DEPRECIATION
At 1st April 2023 150,999
Charge for year 70,826
At 31st March 2024 221,825
NET BOOK VALUE
At 31st March 2024 258,917
At 31st March 2023 223,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st April 2023 196,860
Additions 99,974
At 31st March 2024 296,834
DEPRECIATION
At 1st April 2023 34,107
Charge for year 57,624
At 31st March 2024 91,731
NET BOOK VALUE
At 31st March 2024 205,103
At 31st March 2023 162,753

S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 34,340 21,505
Between one and five years 172,645 128,555
206,985 150,060

As at the year end the company had operating lease commitments of £7,311 of which £5161 is due within one year.

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 206,985 150,060

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
103 103

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
S McMahon
Balance outstanding at start of year - -
Amounts advanced 216,345 -
Amounts repaid (216,113 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 232 -

S & S NORTHERN LIMITED (REGISTERED NUMBER: 03000888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who, between them, own the whole of the issued share capital of the parent company, S & S Northern Holdings Ltd, incorporated in England.