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REGISTERED NUMBER: 06675365 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Northvale Construction Ltd

Northvale Construction Ltd (Registered number: 06675365)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northvale Construction Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: S W Morrow
K Beaton





SECRETARY:





REGISTERED OFFICE: 1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 06675365 (England and Wales)





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Northvale Construction Ltd (Registered number: 06675365)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 216,127 174,889

CURRENT ASSETS
Stocks 959,359 869,630
Debtors 5 269,032 882,346
Cash at bank 1,079,066 2,027,175
2,307,457 3,779,151
CREDITORS
Amounts falling due within one year 6 (1,025,042 ) (2,359,852 )
NET CURRENT ASSETS 1,282,415 1,419,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,498,542

1,594,188

CREDITORS
Amounts falling due after more than one
year

7

(372,658

)

(480,182

)
NET ASSETS 1,125,884 1,114,006

CAPITAL AND RESERVES
Called up share capital 2,280 2,280
Capital redemption reserve 120 120
Retained earnings 1,123,484 1,111,606
SHAREHOLDERS' FUNDS 1,125,884 1,114,006

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

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

Northvale Construction Ltd (Registered number: 06675365)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





S W Morrow - Director


Northvale Construction Ltd (Registered number: 06675365)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Northvale Construction Ltd 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 represents income receivable for the year, 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.
Plant and machinery etc - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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
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 6 (2023 - 6 ) .

Northvale Construction Ltd (Registered number: 06675365)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 424,630
Additions 103,654
Disposals (29,302 )
At 31 March 2024 498,982
DEPRECIATION
At 1 April 2023 249,741
Charge for year 54,032
Eliminated on disposal (20,918 )
At 31 March 2024 282,855
NET BOOK VALUE
At 31 March 2024 216,127
At 31 March 2023 174,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 239,649 512,876
Other debtors 29,383 369,470
269,032 882,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,038 22,273
Trade creditors 316,310 385,997
Amounts owed to group undertakings - 1,000,000
Taxation and social security 163,440 143,692
Other creditors 516,254 807,890
1,025,042 2,359,852

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 300,094 448,386
Hire purchase contracts 72,564 31,796
372,658 480,182

Northvale Construction Ltd (Registered number: 06675365)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. RELATED PARTY DISCLOSURES

The ultimate parent undertaking is Brisland Holdings Ltd, a company incorporated in England and Wales.

Dividends amounting to £365,906 were paid to the controlling company during the year.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S W Morrow.