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REGISTERED NUMBER: 02300936 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Northwood Food Machinery Limited

Northwood Food Machinery Limited (Registered number: 02300936)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Northwood Food Machinery Limited (Registered number: 02300936)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,454 7,098

CURRENT ASSETS
Stocks 9,451 9,483
Debtors 5 52,629 67,914
Cash at bank and in hand 270,626 189,938
332,706 267,335
CREDITORS
Amounts falling due within one year 6 122,858 62,060
NET CURRENT ASSETS 209,848 205,275
TOTAL ASSETS LESS CURRENT LIABILITIES 227,302 212,373

CREDITORS
Amounts falling due after more than one year 7 (7,322 ) (17,417 )

PROVISIONS FOR LIABILITIES (4,363 ) (868 )
NET ASSETS 215,617 194,088

CAPITAL AND RESERVES
Called up share capital 64 64
Capital redemption reserve 31 31
Retained earnings 215,522 193,993
SHAREHOLDERS' FUNDS 215,617 194,088

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:




M J Southwick - Director


Northwood Food Machinery Limited (Registered number: 02300936)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Northwood Food Machinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02300936

Registered office: Unit 6
Campbell Road
Stoke On Trent
Staffordshire
ST4 4DX

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes an element of work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Northwood Food Machinery Limited (Registered number: 02300936)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 1,550 66,249 27,344 10,803 105,946
Additions - - 15,551 133 15,684
Disposals - - (9,985 ) - (9,985 )
At 31 October 2024 1,550 66,249 32,910 10,936 111,645
DEPRECIATION
At 1 November 2023 1,550 60,350 27,344 9,604 98,848
Charge for year - 1,029 3,888 411 5,328
Eliminated on disposal - - (9,985 ) - (9,985 )
At 31 October 2024 1,550 61,379 21,247 10,015 94,191
NET BOOK VALUE
At 31 October 2024 - 4,870 11,663 921 17,454
At 31 October 2023 - 5,899 - 1,199 7,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,105 63,392
Other debtors 6,524 4,522
52,629 67,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 11,955 4,355
Taxation and social security 33,586 20,408
Other creditors 67,317 27,297
122,858 62,060

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,322 17,417