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REGISTERED NUMBER: 00841399 (England and Wales)














NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD

Financial Statements

for the Year Ended 28 February 2025






NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD

Company Information
for the Year Ended 28 February 2025







Directors: Mr D K Gore
Mrs M F Gore
Mrs D Y Gore
Mr L D Gore
Mr D K Gore
Mr A J Gore





Secretary: Mrs M F Gore





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 00841399 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,594 38,942
Investment property 5 2,560,425 2,560,425
2,593,019 2,599,367

CURRENT ASSETS
Debtors 6 508,020 519,630
Cash in hand 196,334 255,692
704,354 775,322
CREDITORS
Amounts falling due within one year 7 75,840 77,296
NET CURRENT ASSETS 628,514 698,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,221,533

3,297,393

CAPITAL AND RESERVES
Called up share capital 19,315 19,315
Share premium 1,027,089 1,027,089
Capital redemption reserve 2,686 2,686
Retained earnings 2,172,443 2,248,303
SHAREHOLDERS' FUNDS 3,221,533 3,297,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mr D K Gore - Director


NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

Northampton Footwear Distributors Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 6 ) .

NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 March 2024 107,363
Disposals (1,757 )
At 28 February 2025 105,606
Depreciation
At 1 March 2024 68,421
Charge for year 5,996
Eliminated on disposal (1,405 )
At 28 February 2025 73,012
Net book value
At 28 February 2025 32,594
At 29 February 2024 38,942

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 March 2024
and 28 February 2025 2,560,425
Net book value
At 28 February 2025 2,560,425
At 29 February 2024 2,560,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 19,623 21,460
Other debtors 488,397 498,170
508,020 519,630

NORTHAMPTON FOOTWEAR DISTRIBUTORS LTD (REGISTERED NUMBER: 00841399)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 981 2,684
Taxation and social security 6,330 7,566
Other creditors 68,529 67,046
75,840 77,296