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REGISTERED NUMBER: 04165250 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 31 December 2023

for

Town and Country (Northern) Limited

Town and Country (Northern) Limited (Registered number: 04165250)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Town and Country (Northern) Limited

Company Information
for the Period 1 July 2023 to 31 December 2023







DIRECTORS: S A Morten
Mrs J E Morten





SECRETARY: S A Morten





REGISTERED OFFICE: Smalldale Farm
Smalldale
Buxton
Derbyshire
SK17 8EA





REGISTERED NUMBER: 04165250 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Town and Country (Northern) Limited (Registered number: 04165250)

Balance Sheet
31 December 2023

31.12.23 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,054,535 1,073,526

CURRENT ASSETS
Stocks 5 60,000 60,000
Debtors 6 2,768,370 3,910,246
Cash at bank 747,954 54,148
3,576,324 4,024,394
CREDITORS
Amounts falling due within one year 7 2,294,412 3,073,302
NET CURRENT ASSETS 1,281,912 951,092
TOTAL ASSETS LESS CURRENT LIABILITIES 2,336,447 2,024,618

CREDITORS
Amounts falling due after more than one year 8 (57,534 ) (90,863 )

PROVISIONS FOR LIABILITIES (263,634 ) (203,971 )
NET ASSETS 2,015,279 1,729,784

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,015,179 1,729,684
SHAREHOLDERS' FUNDS 2,015,279 1,729,784

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 26 November 2024 and were signed on its behalf by:





S A Morten - Director


Town and Country (Northern) Limited (Registered number: 04165250)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 December 2023

1. STATUTORY INFORMATION

Town and Country (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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairments found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the period 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.

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 period 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
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.

Town and Country (Northern) Limited (Registered number: 04165250)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 2,396,600 32,500 17,934 2,447,034
Additions 126,500 - 1,113 127,613
At 31 December 2023 2,523,100 32,500 19,047 2,574,647
DEPRECIATION
At 1 July 2023 1,354,159 8,125 11,224 1,373,508
Charge for period 142,389 3,047 1,168 146,604
At 31 December 2023 1,496,548 11,172 12,392 1,520,112
NET BOOK VALUE
At 31 December 2023 1,026,552 21,328 6,655 1,054,535
At 30 June 2023 1,042,441 24,375 6,710 1,073,526

Fixed assets above include plant and machinery with a net book value of £335,718 (2023 - £330,864) that are subject to hire purchase.

5. STOCKS
31.12.23 30.6.23
£    £   
Stocks 60,000 60,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.23
£    £   
Trade debtors 2,739,295 3,908,655
Directors' current accounts 29,075 1,591
2,768,370 3,910,246

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.23
£    £   
Bank loans and overdrafts 9,760 10,120
Hire purchase contracts 125,052 115,931
Trade creditors 1,994,120 2,737,269
Tax 63,173 -
Social security and other taxes 18,913 18,844
VAT 55,072 111,814
Other creditors 4,519 56,971
Credit card 5,933 827
Accrued expenses 17,870 21,526
2,294,412 3,073,302

Town and Country (Northern) Limited (Registered number: 04165250)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 30.6.23
£    £   
Bank loans - 1-2 years 9,760 10,120
Bank loans - 2-5 years 11,390 15,593
Hire purchase contracts 36,384 65,150
57,534 90,863

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2023 and the year ended 30 June 2023:

31.12.23 30.6.23
£    £   
S A Morten
Balance outstanding at start of period 1,590 -
Amounts advanced 14,537 1,590
Amounts repaid (1,590 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 14,537 1,590

Mrs J E Morten
Balance outstanding at start of period - -
Amounts advanced 14,537 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 14,537 -