IRIS Accounts Production v24.3.2.46 00327340 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003273402023-09-30003273402024-09-30003273402023-10-012024-09-30003273402022-09-30003273402022-10-012023-09-30003273402023-09-3000327340ns15:EnglandWales2023-10-012024-09-3000327340ns14:PoundSterling2023-10-012024-09-3000327340ns10:Director12023-10-012024-09-3000327340ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000327340ns10:SmallEntities2023-10-012024-09-3000327340ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000327340ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000327340ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000327340ns10:FullAccounts2023-10-012024-09-3000327340ns10:Director22023-10-012024-09-3000327340ns10:CompanySecretary12023-10-012024-09-3000327340ns10:RegisteredOffice2023-10-012024-09-3000327340ns5:CurrentFinancialInstruments2024-09-3000327340ns5:CurrentFinancialInstruments2023-09-3000327340ns5:Non-currentFinancialInstruments2024-09-3000327340ns5:Non-currentFinancialInstruments2023-09-3000327340ns5:ShareCapital2024-09-3000327340ns5:ShareCapital2023-09-3000327340ns5:RevaluationReserve2024-09-3000327340ns5:RevaluationReserve2023-09-3000327340ns5:CapitalRedemptionReserve2024-09-3000327340ns5:CapitalRedemptionReserve2023-09-3000327340ns5:RetainedEarningsAccumulatedLosses2024-09-3000327340ns5:RetainedEarningsAccumulatedLosses2023-09-3000327340ns5:LandBuildings2023-09-3000327340ns5:PlantMachinery2023-09-3000327340ns5:MotorVehicles2023-09-3000327340ns5:LandBuildings2023-10-012024-09-3000327340ns5:PlantMachinery2023-10-012024-09-3000327340ns5:MotorVehicles2023-10-012024-09-3000327340ns5:LandBuildings2024-09-3000327340ns5:PlantMachinery2024-09-3000327340ns5:MotorVehicles2024-09-3000327340ns5:LandBuildings2023-09-3000327340ns5:PlantMachinery2023-09-3000327340ns5:MotorVehicles2023-09-3000327340ns5:CostValuation2023-09-3000327340ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000327340ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 00327340 (England and Wales)






















C B North Limited

Unaudited Financial Statements for the Year Ended 30th September 2024






C B North Limited (Registered number: 00327340)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C B North Limited

Company Information
for the year ended 30th September 2024







DIRECTORS: A C North
R J North



SECRETARY: A C North



REGISTERED OFFICE: 65 Hedon Road
Hull
East Yorkshire
HU9 1LW



REGISTERED NUMBER: 00327340 (England and Wales)



ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA



SOLICITORS: Andrew Jackson
Marina Court
Castle Street
Hull
HU1 1TJ

C B North Limited (Registered number: 00327340)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,040,606 1,127,165
Investments 5 1,302 1,302
1,041,908 1,128,467

CURRENT ASSETS
Stocks 542,722 614,663
Debtors 6 822,063 1,090,998
Cash at bank and in hand 2,469,920 2,277,485
3,834,705 3,983,146
CREDITORS
Amounts falling due within one year 7 930,489 1,180,780
NET CURRENT ASSETS 2,904,216 2,802,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,946,124

3,930,833

CREDITORS
Amounts falling due after more than one
year

8

-

(8,796

)

PROVISIONS FOR LIABILITIES (61,339 ) (78,111 )
NET ASSETS 3,884,785 3,843,926

CAPITAL AND RESERVES
Called up share capital 251 251
Revaluation reserve 657,747 657,747
Capital redemption reserve 49,800 49,800
Retained earnings 3,176,987 3,136,128
SHAREHOLDERS' FUNDS 3,884,785 3,843,926

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

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

C B North Limited (Registered number: 00327340)

Balance Sheet - continued
30th 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th February 2025 and were signed on its behalf by:





R J North - Director


C B North Limited (Registered number: 00327340)

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

1. STATUTORY INFORMATION

C B North Limited 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about C B North Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of timber products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold land and buildings - straight line over 50 years
Plant and machinery - straight line over 4-7 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


C B North Limited (Registered number: 00327340)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 39 ) .

C B North Limited (Registered number: 00327340)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st October 2023 1,227,169 478,470 398,010 2,103,649
Additions - 4,548 11,980 16,528
At 30th September 2024 1,227,169 483,018 409,990 2,120,177
DEPRECIATION
At 1st October 2023 265,492 395,913 315,079 976,484
Charge for year 18,110 33,988 50,989 103,087
At 30th September 2024 283,602 429,901 366,068 1,079,571
NET BOOK VALUE
At 30th September 2024 943,567 53,117 43,922 1,040,606
At 30th September 2023 961,677 82,557 82,931 1,127,165

Included in cost or valuation of land and buildings is freehold land of £ 321,690 (2023 - £ 321,690 ) which is not depreciated.

Cost or valuation at 30th September 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2008 806,735 - - 806,735
Cost 420,434 483,018 409,990 1,313,442
1,227,169 483,018 409,990 2,120,177

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 420,434 420,434
Aggregate depreciation 198,519 194,822

Value of land in freehold land and buildings 82,162 82,162

Freehold land and buildings were valued on an open market basis on 31st December 2007 by Allied Surveyors Commercials (MRICS) .

C B North Limited (Registered number: 00327340)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st October 2023
and 30th September 2024 1,302
NET BOOK VALUE
At 30th September 2024 1,302
At 30th September 2023 1,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 763,411 1,035,851
Other debtors 58,652 55,147
822,063 1,090,998

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,796 37,341
Trade creditors 575,068 624,425
Amounts owed to group undertakings 2 2
Taxation and social security 315,518 478,479
Other creditors 31,105 40,533
930,489 1,180,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 8,796

9. FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £36,732 (2023: £45,906). Included within the total commitments are operating lease commitments due within one year of £16,750 (2023: £29,755). At 30th September 2024 the company had capital commitments of £NIL (2023: £NIL).