Northern Specialised Site Services Ltd 1332687 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is Property renting Digita Accounts Production Advanced 6.30.9574.0 true true 1332687 2024-02-01 2025-01-31 1332687 2025-01-31 1332687 bus:OrdinaryShareClass1 bus:CumulativeShares 2025-01-31 1332687 core:CurrentFinancialInstruments 2025-01-31 1332687 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 1332687 core:FurnitureFittingsToolsEquipment 2025-01-31 1332687 bus:SmallEntities 2024-02-01 2025-01-31 1332687 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 1332687 bus:FullAccounts 2024-02-01 2025-01-31 1332687 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 1332687 bus:RegisteredOffice 2024-02-01 2025-01-31 1332687 bus:Director1 2024-02-01 2025-01-31 1332687 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-02-01 2025-01-31 1332687 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 1332687 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 1332687 countries:EnglandWales 2024-02-01 2025-01-31 1332687 2024-01-31 1332687 core:FurnitureFittingsToolsEquipment 2024-01-31 1332687 2023-02-01 2024-01-31 1332687 2024-01-31 1332687 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-31 1332687 core:CurrentFinancialInstruments 2024-01-31 1332687 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 1332687 core:FurnitureFittingsToolsEquipment 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 1332687

Northern Specialised Site Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Northern Specialised Site Services Ltd

(Registration number: 1332687)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

2,147

2,684

Investment property

6

205,000

150,000

 

207,147

152,684

Current assets

 

Debtors

7

30,230

3,899

Cash at bank and in hand

 

20,797

40,279

 

51,027

44,178

Creditors: Amounts falling due within one year

8

(2,950)

(2,950)

Net current assets

 

48,077

41,228

Total assets less current liabilities

 

255,224

193,912

Provisions for liabilities

(13,750)

-

Net assets

 

241,474

193,912

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

241,374

193,812

Shareholders' funds

 

241,474

193,912

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Northern Specialised Site Services Ltd

(Registration number: 1332687)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2025
 

.........................................
Tracey Marie Tinkler
Director

 

Northern Specialised Site Services Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Farrier Way
Retford
Nottinghamshire
DN22 6UP

These financial statements were authorised for issue by the director on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Northern Specialised Site Services Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Northern Specialised Site Services Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

537

672

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

3,646

3,646

At 31 January 2025

3,646

3,646

Depreciation

At 1 February 2024

962

962

Charge for the year

537

537

At 31 January 2025

1,499

1,499

Carrying amount

At 31 January 2025

2,147

2,147

At 31 January 2024

2,684

2,684

6

Investment properties

2025
£

At 1 February

150,000

Fair value adjustments

55,000

At 31 January

205,000

There has been no valuation of investment property by an independent valuer.

 

Northern Specialised Site Services Ltd

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

7

Debtors

Current

2025
£

2024
£

Trade debtors

-

3,670

Other debtors

30,230

229

 

30,230

3,899

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

2,950

2,950

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100