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REGISTERED NUMBER: 06707564 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Norpath TLC Limited

Norpath TLC Limited (Registered number: 06707564)






Contents of the Financial Statements
for the year ended 28 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Norpath TLC Limited

Company Information
for the year ended 28 February 2024







DIRECTORS: M Wood
M J Bartlett
C Wood





SECRETARY: C Wood





REGISTERED OFFICE: Cedarshade
Ashbrooke Range
Sunderland
Tyne and Wear
SR2 7TR





REGISTERED NUMBER: 06707564 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Norpath TLC Limited (Registered number: 06707564)

Statement of Financial Position
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,561 2,058

CURRENT ASSETS
Debtors 5 14,142 27,282
Cash at bank 11,938 14,497
26,080 41,779
CREDITORS
Amounts falling due within one year 6 26,767 30,904
NET CURRENT (LIABILITIES)/ASSETS (687 ) 10,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

874

12,933

PROVISIONS FOR LIABILITIES 297 391
NET ASSETS 577 12,542

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 574 12,539
SHAREHOLDERS' FUNDS 577 12,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Norpath TLC Limited (Registered number: 06707564)

Statement of Financial Position - continued
28 February 2024


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 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 25 September 2024 and were signed on its behalf by:





M Wood - Director


Norpath TLC Limited (Registered number: 06707564)

Notes to the Financial Statements
for the year ended 28 February 2024

1. STATUTORY INFORMATION

Norpath TLC 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those concluded at market rate.

Turnover
Turnover represents sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - Straight line over 3 years
Office furniture & equipment - 10% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Norpath TLC Limited (Registered number: 06707564)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office
furniture Computer
Website & equipment equipment Totals
£    £    £    £   
COST
At 1 March 2023 345 2,131 1,479 3,955
Disposals (345 ) - - (345 )
At 28 February 2024 - 2,131 1,479 3,610
DEPRECIATION
At 1 March 2023 345 1,080 472 1,897
Charge for year - 105 392 497
Eliminated on disposal (345 ) - - (345 )
At 28 February 2024 - 1,185 864 2,049
NET BOOK VALUE
At 28 February 2024 - 946 615 1,561
At 28 February 2023 - 1,051 1,007 2,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,961 25,488
Other debtors 2,181 1,794
14,142 27,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 12,987 9,987
Taxation and social security 8,533 12,549
Other creditors 5,247 8,368
26,767 30,904

7. PARENT COMPANY

The company is a subsidiary of Norpath (Management) Limited, a company incorporated in the United Kingdom. The registered office address is Cedarshade, Ashbrooke Range, Sunderland, Tyne and Wear SR2 7TR.