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REGISTERED NUMBER: 04895079 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTHERN AUTOMOTIVE ALLIANCE LTD

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NORTHERN AUTOMOTIVE ALLIANCE LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: W T K Jacklin
D P Jones
M J Kershaw
J M Brindley





SECRETARY: D P Jones





REGISTERED OFFICE: AMRC North West
Roy Chadwick Way
Salmesbury Enterprise Zone
Blackburn
Lancashire
BB2 7HP





REGISTERED NUMBER: 04895079 (England and Wales)





AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,184 5,231

CURRENT ASSETS
Stocks 100 100
Debtors 5 49,118 52,192
Cash at bank and in hand 158,228 138,480
207,446 190,772
CREDITORS
Amounts falling due within one year 6 64,037 53,629
NET CURRENT ASSETS 143,409 137,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,593

142,374

CREDITORS
Amounts falling due after more than one
year

7

14,352

17,130
NET ASSETS 133,241 125,244

RESERVES
Income and expenditure account 133,241 125,244
133,241 125,244

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 29 November 2024 and were signed on its behalf by:





D P Jones - Director


NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Northern Automotive Alliance Ltd is a private company, limited by guarantee , 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.

At the time of approving the financial statements, the directors have every expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Income and funding receivable
Income from fundraising events and membership fees are accounted for on an accruals basis and recorded net of VAT.

Income in respect of consultancy and training provided is accounted for when the right to income has passed.

Government funding and other grants receivable are also accounted for on an accruals basis and income is recognised once the corresponding expenditure has been defrayed.

Amortisation
Amortisation is provided to write off the cost of web-site design costs at a rate of 20% per annum on a reducing balance basis.

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
Short term financial assets and liabilities, including trade and other debtors, cash and bank balances and trade and other creditors, are measured at the transaction price. Financial assets and liabilities that have no stated interest rate and are recoverable within one year shall be measured at their undiscounted value.

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.

Corporation tax
There is no provision for Corporation Tax as HMRC have recognised the company as a non-profit making entity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 43,548
AMORTISATION
At 1 April 2023 38,317
Charge for year 1,047
At 31 March 2024 39,364
NET BOOK VALUE
At 31 March 2024 4,184
At 31 March 2023 5,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,669 28,544
Other debtors 9,449 23,648
49,118 52,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,779 2,778
Trade creditors 114 109
Social security and other taxes 12,476 8,811
Other creditors 48,668 41,931
64,037 53,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,778 2,778
Bank loans - 2-5 years 11,574 14,352
14,352 17,130

8. SECURED DEBTS

Santander UK Plc hold a fixed and floating charge dated 21 February 2019 covering all the property or undertaking of the company.

NORTHERN AUTOMOTIVE ALLIANCE LTD (REGISTERED NUMBER: 04895079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Jane Dennis BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd

10. LIMITED BY GUARANTEE

The liability of the members is limited.

Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the assets of the Company if it should be wound up whilst he is a member or within one year after he ceases to be a member.