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REGISTERED NUMBER: 13601093 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

NORTHERNHV LTD

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERNHV LTD

Company Information
for the year ended 30 September 2024







DIRECTORS: P Bromby
K Harvey
C E Thomas
C Thomas





REGISTERED OFFICE: Unit 3
Enterprise Court
Queens Meadow Business Park
Hartlepool
Co. Durham
TS25 2FE





REGISTERED NUMBER: 13601093 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,643 26,633

CURRENT ASSETS
Debtors 5 971,771 304,656
Cash at bank 226,622 38,414
1,198,393 343,070
CREDITORS
Amounts falling due within one year 6 (636,340 ) (239,945 )
NET CURRENT ASSETS 562,053 103,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,696

129,758

CREDITORS
Amounts falling due after more than one
year

7

(44,974

)

(23,244

)

PROVISIONS FOR LIABILITIES 9 (15,411 ) (6,658 )
NET ASSETS 563,311 99,856

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 563,309 99,854
SHAREHOLDERS' FUNDS 563,311 99,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Balance Sheet - continued
30 September 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 10 February 2025 and were signed on its behalf by:





P Bromby - Director


NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Northernhv 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.

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.

Where services have been performed by the company on or before the balance sheet date but not billed until after the year end, the revenue is accrued for and included in debtors.

Conversely, where customers are billed in advance of services performed, amounts relating to after the balance sheet date are deferred and included in creditors.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles-20% on cost
Computer equipment-33% on cost
Plant & machinery-20% on cost
Fixtures & fittings-33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 - - 32,864 510 33,374
Additions 17,500 9,763 24,989 1,819 54,071
At 30 September 2024 17,500 9,763 57,853 2,329 87,445
DEPRECIATION
At 1 October 2023 - - 6,573 168 6,741
Charge for year 3,500 3,222 11,570 769 19,061
At 30 September 2024 3,500 3,222 18,143 937 25,802
NET BOOK VALUE
At 30 September 2024 14,000 6,541 39,710 1,392 61,643
At 30 September 2023 - - 26,291 342 26,633

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 - 32,864 32,864
Additions 17,500 24,989 42,489
At 30 September 2024 17,500 57,853 75,353
DEPRECIATION
At 1 October 2023 - 6,573 6,573
Charge for year 3,500 11,570 15,070
At 30 September 2024 3,500 18,143 21,643
NET BOOK VALUE
At 30 September 2024 14,000 39,710 53,710
At 30 September 2023 - 26,291 26,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 237,125 129,810
Other debtors 734,646 174,846
971,771 304,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 16,076 7,656
Trade creditors 68,930 21,552
Taxation and social security 319,816 63,388
Other creditors 231,518 147,349
636,340 239,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 44,974 23,244

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 16,076 7,656
Between one and five years 44,974 23,244
61,050 30,900

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,266 6,226
Between one and five years 16,172 22,455
22,438 28,681

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,411 6,658

Deferred
tax
£   
Balance at 1 October 2023 6,658
Accelerated capital allowances 8,753
Balance at 30 September 2024 15,411

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

NORTHERNHV LTD (REGISTERED NUMBER: 13601093)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
P Bromby
Balance outstanding at start of year 6,852 -
Amounts advanced 120,396 6,852
Amounts repaid (65,060 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,188 6,852

C Thomas
Balance outstanding at start of year 22,606 -
Amounts advanced 130,057 22,606
Amounts repaid (72,986 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,677 22,606

Interest of £2,431 (2023: £563) has been charged at HMRC's official interest rates of 2.25%. This amount is repayable on demand.