Company registration number 1266432 (England and Wales)
NORTHERN COUNTIES SAFETY GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Debere Limited
Chartered Accountants
Swallow House
Parsons Road
Washington
Tyne and Wear
NE37 1EZ
NORTHERN COUNTIES SAFETY GROUP LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
NORTHERN COUNTIES SAFETY GROUP LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NORTHERN COUNTIES SAFETY GROUP LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northern Counties Safety Group Limited for the year ended 30 November 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Northern Counties Safety Group Limited, as a body, in accordance with the terms of our engagement letter dated 14 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Northern Counties Safety Group Limited and state those matters that we have agreed to state to the board of directors of Northern Counties Safety Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northern Counties Safety Group Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Northern Counties Safety Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Northern Counties Safety Group Limited. You consider that Northern Counties Safety Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Northern Counties Safety Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Debere Limited
31 March 2025
Chartered Accountants
Swallow House
Parsons Road
Washington
Tyne and Wear
NE37 1EZ
NORTHERN COUNTIES SAFETY GROUP LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
355,735
404,052
Current assets
Debtors
5
54,180
61,775
Cash at bank and in hand
249,731
218,024
303,911
279,799
Creditors: amounts falling due within one year
6
(85,619)
(118,200)
Net current assets
218,292
161,599
Total assets less current liabilities
574,027
565,651
Creditors: amounts falling due after more than one year
7
-
0
(4,358)
Provisions for liabilities
(6,796)
(11,622)
Net assets
567,231
549,671
Reserves
Income and expenditure account
567,231
549,671
Members' funds
567,231
549,671

The notes on pages 4 to 9 form part of these financial statements.

NORTHERN COUNTIES SAFETY GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 3 -

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
Mr N J Redparth
Director
Company registration number 1266432 (England and Wales)
NORTHERN COUNTIES SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
1
Accounting policies
Company information

Northern Counties Safety Group Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Waldon House Unit 23H, Mandale Park, Belmont Industrial Estate, Durham, DH1 1TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

 

The principal accounting policies adopted are set out below.

1.2
Going concern

The company meets its day-to-day working capital requirements through its bank facilities. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.true

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% Straight Line
Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Computers
33% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

NORTHERN COUNTIES SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

NORTHERN COUNTIES SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

NORTHERN COUNTIES SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 December 2023
448,386
10,582
24,644
20,970
504,582
Additions
-
0
-
0
242
2,897
3,139
Disposals
-
0
-
0
-
0
(946)
(946)
At 30 November 2024
448,386
10,582
24,886
22,921
506,775
Depreciation and impairment
At 1 December 2023
66,554
7,508
12,284
14,184
100,530
Depreciation charged in the year
44,839
768
3,090
2,619
51,316
Eliminated in respect of disposals
-
0
-
0
-
0
(806)
(806)
At 30 November 2024
111,393
8,276
15,374
15,997
151,040
Carrying amount
At 30 November 2024
336,993
2,306
9,512
6,924
355,735
At 30 November 2023
381,832
3,074
12,360
6,786
404,052
NORTHERN COUNTIES SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 8 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
41,680
44,243
Other debtors
12,500
17,532
54,180
61,775

Debtors are measured at transaction price, less any impairment.

6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
4,358
5,810
Trade creditors
21,418
28,303
Corporation tax
29,424
28,654
Other taxation and social security
13,830
38,943
Accruals and deferred income
16,589
16,490
85,619
118,200

The hire purchase creditor of £4,358 (2023: £5,810) is secured on the assets acquired.

Short term creditors are measured at the transaction price.

7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
-
0
4,358

The hire purchase creditor of £Nil (2023: £4,358) is secured on the assets acquired.

Long term creditors are measured at the transaction price.

8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

NORTHERN COUNTIES SAFETY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 9 -
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
247,495
252,265
2024-11-302023-12-01false31 March 2025CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMrs W E CowanMr P FowleMr M R WhartonMr W HarrisMiss R E SlaterMr N J RedparthMr M W AddisonMrs D Askewfalsefalse12664322023-12-012024-11-3012664322024-11-3012664322023-11-301266432core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-11-301266432core:PlantMachinery2024-11-301266432core:FurnitureFittings2024-11-301266432core:ComputerEquipment2024-11-301266432core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-11-301266432core:PlantMachinery2023-11-301266432core:FurnitureFittings2023-11-301266432core:ComputerEquipment2023-11-301266432core:CurrentFinancialInstrumentscore:WithinOneYear2024-11-301266432core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-301266432core:Non-currentFinancialInstrumentscore:AfterOneYear2024-11-301266432core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-301266432core:CurrentFinancialInstruments2024-11-301266432core:CurrentFinancialInstruments2023-11-301266432core:RetainedEarningsAccumulatedLosses2024-11-301266432core:RetainedEarningsAccumulatedLosses2023-11-301266432bus:Director62023-12-012024-11-301266432core:LandBuildingscore:LongLeaseholdAssets2023-12-012024-11-301266432core:PlantMachinery2023-12-012024-11-301266432core:FurnitureFittings2023-12-012024-11-301266432core:ComputerEquipment2023-12-012024-11-3012664322022-12-012023-11-301266432core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-11-301266432core:PlantMachinery2023-11-301266432core:FurnitureFittings2023-11-301266432core:ComputerEquipment2023-11-3012664322023-11-301266432core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-012024-11-301266432core:WithinOneYear2024-11-301266432core:WithinOneYear2023-11-301266432core:Non-currentFinancialInstruments2024-11-301266432core:Non-currentFinancialInstruments2023-11-301266432bus:CompanyLimitedByGuarantee2023-12-012024-11-301266432bus:SmallCompaniesRegimeForAccounts2023-12-012024-11-301266432bus:FRS1022023-12-012024-11-301266432bus:AuditExemptWithAccountantsReport2023-12-012024-11-301266432bus:Director12023-12-012024-11-301266432bus:Director22023-12-012024-11-301266432bus:Director32023-12-012024-11-301266432bus:Director42023-12-012024-11-301266432bus:Director52023-12-012024-11-301266432bus:Director72023-12-012024-11-301266432bus:CompanySecretary12023-12-012024-11-301266432bus:FullAccounts2023-12-012024-11-30xbrli:purexbrli:sharesiso4217:GBP