Company registration number 07053934 (England and Wales)
NORTHEN SURVEYING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
NORTHEN SURVEYING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NORTHEN SURVEYING SERVICES LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,610
16,776
Current assets
Debtors
5
40,719
35,919
Cash at bank and in hand
6
6
40,725
35,925
Creditors: amounts falling due within one year
6
(174,545)
(148,070)
Net current liabilities
(133,820)
(112,145)
Total assets less current liabilities
(128,210)
(95,369)
Creditors: amounts falling due after more than one year
7
(5,507)
(17,890)
Provisions for liabilities
(1,066)
(3,188)
Net liabilities
(134,783)
(116,447)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(134,883)
(116,547)
Total equity
(134,783)
(116,447)
NORTHEN SURVEYING SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 31 October 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 profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 April 2025 and are signed on its behalf by:
Alan Northen
Tara Northen
Director
Director
Company registration number 07053934 (England and Wales)
NORTHEN SURVEYING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Northen Surveying Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Green Farm Business Park Folly Road Latter, Bristol, Gloucestershire, United Kingdom, BS37 9TZ.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets other than goodwill
Patents & Licences
3 Years

Other intangible assets are in relation to a software licence purchased. It is amortised to profit and loss account over its estimated economic life of 3 years.

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.

NORTHEN SURVEYING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -

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:

Freehold land and buildings
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
33%on cost
Motor vehicles
25% on 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 profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

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

1.7
Leases

These financial statements for the year ended 31 October 2024 are the first financial statements of Northen Surveying Services Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 November 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

NORTHEN SURVEYING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

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

2024
2023
Number
Number
Total
7
11
3
Intangible fixed assets
Patents & Licences
£
Cost
At 1 November 2023 and 31 October 2024
8,800
Amortisation and impairment
At 1 November 2023 and 31 October 2024
8,800
Carrying amount
At 31 October 2024
-
0
At 31 October 2023
-
0
NORTHEN SURVEYING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
7,225
79,942
87,167
Disposals
-
0
(26,990)
(26,990)
At 31 October 2024
7,225
52,952
60,177
Depreciation and impairment
At 1 November 2023
5,963
64,428
70,391
Depreciation charged in the year
316
2,636
2,952
Eliminated in respect of disposals
-
0
(18,776)
(18,776)
At 31 October 2024
6,279
48,288
54,567
Carrying amount
At 31 October 2024
946
4,664
5,610
At 31 October 2023
1,262
15,514
16,776
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
22,717
27,112
Corporation tax recoverable
-
0
2,934
Amounts owed by group undertakings
-
0
570
Other debtors
18,002
5,303
40,719
35,919
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
39,872
48,587
Trade creditors
16,254
5,137
Taxation and social security
7,982
7,732
Other creditors
110,437
86,614
174,545
148,070
NORTHEN SURVEYING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,507
17,890
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares A of £1 each
60
60
100
100
Ordinery shares B of £1 each
40
-
-
-
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

 

The company borrowed funds from two associated group companies during this period, both of whom are under the common control and ownership of the company's owners. As at the balance sheet date £48,555 was outstanding. No interest is being charged on these amounts, nor are there any specified repayment terms agreed.

 

The company is a 100% owned subsidiary of Northen Limited, a company owned by the directors, Mr & Mrs Northen.

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