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Registration number: 09318197

Northern Community Pathways Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Northern Community Pathways Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Northern Community Pathways Ltd

Company Information

Directors

Mr A Proctor

Mr S E Cardwell

Registered office

66 Norbreck Road
Thornton- Cleveleys
Lancashire
FY5 1RP

Accountants

Rawcliffe & Co Limited Unit 1 Barons Court
Graceways
Blackpool
Lancashire
FY4 5GP

 

Northern Community Pathways Ltd

(Registration number: 09318197)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

244,028

246,677

Current assets

 

Debtors

5

419,183

433,055

Cash at bank and in hand

 

834,712

492,980

 

1,253,895

926,035

Creditors: Amounts falling due within one year

6

(364,071)

(221,197)

Net current assets

 

889,824

704,838

Total assets less current liabilities

 

1,133,852

951,515

Provisions for liabilities

(40,218)

(31,759)

Net assets

 

1,093,634

919,756

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,093,534

919,656

Shareholders' funds

 

1,093,634

919,756

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

 

Northern Community Pathways Ltd

(Registration number: 09318197)
Balance Sheet as at 30 November 2024

.........................................
Mr A Proctor
Director

.........................................
Mr S E Cardwell
Director

 

Northern Community Pathways Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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:
66 Norbreck Road
Thornton- Cleveleys
Lancashire
FY5 1RP

These financial statements were authorised for issue by the Board on 16 May 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.

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 current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Northern Community Pathways Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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:

Asset class

Depreciation method and rate

Freehold Property

2% straight line

Fixtures and fittings

20% reducing balance

Computer equipment

20% reducing balance

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.

Borrowings

 

Northern Community Pathways Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 69 (2023 - 71).

 

Northern Community Pathways Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

123,462

319,309

442,771

Additions

-

36,051

36,051

At 30 November 2024

123,462

355,360

478,822

Depreciation

At 1 December 2023

14,806

181,288

196,094

Charge for the year

2,469

36,231

38,700

At 30 November 2024

17,275

217,519

234,794

Carrying amount

At 30 November 2024

106,187

137,841

244,028

At 30 November 2023

108,656

138,021

246,677

Included within the net book value of land and buildings above is £106,187 (2023 - £108,656) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

413,287

429,491

Prepayments

5,896

3,564

 

419,183

433,055

 

Northern Community Pathways Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

973

6,596

Trade creditors

 

25,927

7,136

Taxation and social security

 

301,119

194,068

Accruals and deferred income

 

36,052

13,397

 

364,071

221,197

A legal charge is held over 66/66A Norbreck Road, Thornton Cleveleys. A fixed and floating charge is held over all the assets of the company.

Creditors: amounts falling due after more than one year

2024
£

2023
£

A legal charge is held over 66/66A Norbreck Road, Thornton Cleveleys. A fixed and floating charge is held over all the assets of the company.

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

973

6,596