Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04841894 Mr Edward Dyas Mrs Sarah Norton Mrs Ronelda Dyas Mr Charles Dyas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04841894 2023-01-31 04841894 2024-01-31 04841894 2023-02-01 2024-01-31 04841894 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04841894 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04841894 frs-core:PlantMachinery 2023-02-01 2024-01-31 04841894 frs-core:ShareCapital 2024-01-31 04841894 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04841894 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04841894 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 04841894 frs-bus:SmallEntities 2023-02-01 2024-01-31 04841894 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04841894 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04841894 frs-bus:Director1 2023-02-01 2024-01-31 04841894 frs-bus:Director2 2023-02-01 2024-01-31 04841894 frs-bus:Director3 2023-02-01 2024-01-31 04841894 frs-bus:Director4 2023-02-01 2024-01-31 04841894 frs-countries:EnglandWales 2023-02-01 2024-01-31 04841894 2022-01-31 04841894 2023-01-31 04841894 2022-02-01 2023-01-31 04841894 frs-core:ShareCapital 2023-01-31 04841894 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04841894
Northern Sea Power Limited
ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04841894
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103,115 113,570
103,115 113,570
CURRENT ASSETS
Debtors 128,802 37,161
Cash at bank and in hand 492,628 579,936
621,430 617,097
Creditors: Amounts Falling Due Within One Year (19,150 ) (14,479 )
NET CURRENT ASSETS (LIABILITIES) 602,280 602,618
TOTAL ASSETS LESS CURRENT LIABILITIES 705,395 716,188
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (25,778 ) (28,392 )
NET ASSETS 679,617 687,796
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 679,615 687,794
SHAREHOLDERS' FUNDS 679,617 687,796
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Ronelda Dyas
Director
Mr Charles Dyas
Director
23 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Northern Sea Power Limited Registered number 04841894 is a limited by shares company incorporated in England & Wales. The Registered Office is Newby Road Industrial Estate, Newby Road, Hazel Grove, Cheshire, SK7 5DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 10% straight line
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
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4. Tangible Assets
Total
£
Cost
As at 1 February 2023 267,503
Additions 7,750
As at 31 January 2024 275,253
Depreciation
As at 1 February 2023 153,933
Provided during the period 18,205
As at 31 January 2024 172,138
Net Book Value
As at 31 January 2024 103,115
As at 1 February 2023 113,570
5. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 25,778 28,392
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Related Party Transactions
Delta Technology Group LimitedParent companyDuring the year, Northern Sea Power Limited received sales of £36,500 (PY £73,000) for Delta Technology Group Limited and transferred costs of £40,750 (PY £nil) to Delta Technology Group Limited. Delta Technology Group Limited repaid inter-company loans owed to the associates of Northern Sea Power Limited amounting to £132,493 (2023 £5,725). The balance owed by Delta Technology Group Limited at the year end was £128,802 (PY owed to Delta Technology Group Limited £7,941).

Delta Technology Group Limited

Parent company

During the year, Northern Sea Power Limited received sales of £36,500 (PY £73,000) for Delta Technology Group Limited and transferred costs of £40,750 (PY £nil) to Delta Technology Group Limited. Delta Technology Group Limited repaid inter-company loans owed to the associates of Northern Sea Power Limited amounting to £132,493 (2023 £5,725). The balance owed by Delta Technology Group Limited at the year end was £128,802 (PY owed to Delta Technology Group Limited £7,941).

Northern Marine Power LimitedFellow subsidiaryDuring the year, Northern Sea Power Limited made recharges to Northern Marine Power Limited of £161,684 (PY £55,494) and received recharges of £28,922 (PY £44,946). Sales were received, on behalf of Northern Marine Power Limited, of £268 (PY £113). Monies of £nil (PY £nil) were sent to Northern Marine Power Limited and £nil (PY £4,710) was repaid to Northern Sea Power Limited. Monies were transferred from Delta Technology Group Limited amounting to £132,493 (PY £5,725) to repay the inter-company loans. The balance owed at the year end is £nil (PY £nil).

Northern Marine Power Limited

Fellow subsidiary

During the year, Northern Sea Power Limited made recharges to Northern Marine Power Limited of £161,684 (PY £55,494) and received recharges of £28,922 (PY £44,946). Sales were received, on behalf of Northern Marine Power Limited, of £268 (PY £113). Monies of £nil (PY £nil) were sent to Northern Marine Power Limited and £nil (PY £4,710) was repaid to Northern Sea Power Limited. Monies were transferred from Delta Technology Group Limited amounting to £132,493 (PY £5,725) to repay the inter-company loans. The balance owed at the year end is £nil (PY £nil).

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The loans are interest free with no fixed plans for repayment.
Northern Sea Power Limited currently enjoys the use of the buildings it operates from free from rent, from its parent company, Delta Technology Group Limited.
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