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REGISTERED NUMBER: 11800244 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

True North Construction Limited

True North Construction Limited (Registered number: 11800244)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

True North Construction Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: S D Henderson
D C Roberts





REGISTERED OFFICE: 10 Riversdale Court
Newburn Haugh Industrial Estate
Newcastle upon Tyne
NE15 8SG





REGISTERED NUMBER: 11800244 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

True North Construction Limited (Registered number: 11800244)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 83,260 98,405

CURRENT ASSETS
Debtors 5 61,553 153,884
Cash at bank 110,262 24,853
171,815 178,737
CREDITORS
Amounts falling due within one year 6 122,781 158,098
NET CURRENT ASSETS 49,034 20,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,294

119,044

CREDITORS
Amounts falling due after more than
one year

7

5,123

14,889
NET ASSETS 127,171 104,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,071 104,055
SHAREHOLDERS' FUNDS 127,171 104,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

True North Construction Limited (Registered number: 11800244)

Balance Sheet - continued
31 January 2025


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 11 March 2025 and were signed on its behalf by:





S D Henderson - Director


True North Construction Limited (Registered number: 11800244)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

True North Construction 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

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.

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 20 (2024 - 9 ) .

True North Construction Limited (Registered number: 11800244)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 February 2024 33,230 109,481 14,833 157,544
Additions 7,093 15,533 6,633 29,259
Disposals (30,084 ) - - (30,084 )
At 31 January 2025 10,239 125,014 21,466 156,719
DEPRECIATION
At 1 February 2024 10,360 44,305 4,474 59,139
Charge for year 1,462 20,177 2,549 24,188
Eliminated on disposal (9,868 ) - - (9,868 )
At 31 January 2025 1,954 64,482 7,023 73,459
NET BOOK VALUE
At 31 January 2025 8,285 60,532 14,443 83,260
At 31 January 2024 22,870 65,176 10,359 98,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£ £
Trade debtors 58,810 11,917
Other debtors 100 -
VAT - 8,517
Accrued income - 130,398
Prepayments 2,643 3,052
61,553 153,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£ £
Bank loans and overdrafts 10,976 10,976
Trade creditors 2,000 1,186
Tax 38,305 46,060
Social security and other taxes 36,372 39,512
VAT 10,188 -
Other creditors 1,020 7,579
Amounts owed to staff - 50,126
Directors' loan accounts 22,420 409
Accrued expenses 1,500 2,250
122,781 158,098

True North Construction Limited (Registered number: 11800244)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.25 31.1.24
£ £
Bank loans 5,123 14,889

True North Construction Limited

Report of the Accountants to the Directors of
True North Construction Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


11 March 2025