2023-05-01 2024-04-30 false Capium Accounts Production 1.1 03186598 bus:AbridgedAccounts 2023-05-01 2024-04-30 03186598 bus:FRS102 2023-05-01 2024-04-30 03186598 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03186598 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03186598 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03186598 2023-05-01 2024-04-30 03186598 2024-04-30 03186598 bus:RegisteredOffice 2023-05-01 2024-04-30 03186598 core:WithinOneYear 2024-04-30 03186598 core:AfterOneYear 2024-04-30 03186598 bus:Director1 2023-05-01 2024-04-30 03186598 bus:Director1 2024-04-30 03186598 bus:Director1 2022-05-01 2023-04-30 03186598 bus:Director2 2023-05-01 2024-04-30 03186598 bus:Director2 2024-04-30 03186598 bus:Director2 2022-05-01 2023-04-30 03186598 2022-05-01 03186598 bus:CompanySecretary1 2023-05-01 2024-04-30 03186598 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 03186598 2022-05-01 2023-04-30 03186598 2023-04-30 03186598 core:WithinOneYear 2023-04-30 03186598 core:AfterOneYear 2023-04-30 03186598 bus:EntityAccountantsOrAuditors 2022-05-01 2023-04-30 03186598 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03186598 bus:OrdinaryShareClass1 2024-04-30 03186598 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 03186598 bus:OrdinaryShareClass1 2023-04-30 03186598 core:LandBuildings 2023-05-01 2024-04-30 03186598 core:LandBuildings 2024-04-30 03186598 core:LandBuildings 2023-04-30 03186598 core:PlantMachinery 2023-05-01 2024-04-30 03186598 core:PlantMachinery 2024-04-30 03186598 core:PlantMachinery 2023-04-30 03186598 core:FurnitureFittings 2023-05-01 2024-04-30 03186598 core:FurnitureFittings 2024-04-30 03186598 core:FurnitureFittings 2023-04-30 03186598 core:ComputerEquipment 2023-05-01 2024-04-30 03186598 core:ComputerEquipment 2024-04-30 03186598 core:ComputerEquipment 2023-04-30 03186598 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-04-30 03186598 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-04-30 03186598 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 03186598 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 03186598 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-30 03186598 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-04-30 03186598 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-04-30 03186598 core:Non-currentFinancialInstruments 2024-04-30 03186598 core:Non-currentFinancialInstruments 2023-04-30 03186598 core:ShareCapital 2024-04-30 03186598 core:ShareCapital 2023-04-30 03186598 core:RetainedEarningsAccumulatedLosses 2024-04-30 03186598 core:RetainedEarningsAccumulatedLosses 2023-04-30 03186598 dpl:Item1 2023-05-01 03186598 dpl:Item1 2024-04-30 03186598 dpl:Item1 2022-05-01 03186598 dpl:Item1 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 03186598
England and Wales

 

 

 

NORSIDE FOODS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 464,296    464,071 
464,296    464,071 
Current assets      
Stocks 48,679    61,694 
Debtors 20,805    30,572 
Cash at bank and in hand 808,152    875,419 
877,636    967,685 
Creditors: amount falling due within one year (572)   (3,715)
Net current assets 877,064    963,970 
 
Total assets less current liabilities 1,341,360    1,428,041 
Provisions for liabilities (6,706)   (6,208)
Net assets 1,334,654    1,421,833 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 1,334,554    1,421,733 
Shareholders' funds 1,334,654    1,421,833 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 October 2024 and were signed on its behalf by:


-------------------------------
Mr Hazim Al-Hashimi
Director
1
General Information
Norside Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 03186598, registration address Unit 1 Hemfield Court, Makerfield Way Ince, Wigan, WN2 2ER.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 18 (2023 : 18).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £   £
At 01 May 2023 414,986    273,352    44,269    6,332    10,372    749,311 
Additions 6,052            6,052 
Disposals          
At 30 April 2024 421,038    273,352    44,269    6,332    10,372    755,363 
Depreciation
At 01 May 2023   258,543    20,568    6,129      285,240 
Charge for year   2,221    3,555    51      5,827 
On disposals          
At 30 April 2024   260,764    24,123    6,180      291,067 
Net book values
Closing balance as at 30 April 2024 421,038    12,588    20,146    152    10,372    464,296 
Opening balance as at 01 May 2023 414,986    14,809    23,701    203    10,372    464,071 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2