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REGISTERED NUMBER: 04025405 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Northern Bulk Transport Ltd

Northern Bulk Transport Ltd (Registered number: 04025405)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northern Bulk Transport Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S J Thornton





SECRETARY: Mrs G A Thornton





REGISTERED OFFICE: 28 Prescott Street
Halifax
West Yorkshire
HX1 2LG





REGISTERED NUMBER: 04025405 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Northern Bulk Transport Ltd (Registered number: 04025405)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 222,253 262,393
Investment property 6 365,387 464,831
587,640 727,224

CURRENT ASSETS
Debtors 7 96,099 124,211
Cash at bank 197,205 221,876
293,304 346,087
CREDITORS
Amounts falling due within one year 8 29,475 50,382
NET CURRENT ASSETS 263,829 295,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,469

1,022,929

CREDITORS
Amounts falling due after more than one
year

9

-

(23,250

)

PROVISIONS FOR LIABILITIES (24,675 ) (61,760 )
NET ASSETS 826,794 937,919

CAPITAL AND RESERVES
Called up share capital 501 501
Share premium 14,695 14,695
Capital redemption reserve 1 1
Fair value reserve 10 154,235 223,604
Retained earnings 657,362 699,118
SHAREHOLDERS' FUNDS 826,794 937,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Northern Bulk Transport Ltd (Registered number: 04025405)

Balance Sheet - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





S J Thornton - Director


Northern Bulk Transport Ltd (Registered number: 04025405)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Northern Bulk Transport 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Northern Bulk Transport Ltd (Registered number: 04025405)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 116,159 631,412 747,571
Additions - 7,500 7,500
Disposals - (34,750 ) (34,750 )
At 31 July 2024 116,159 604,162 720,321
DEPRECIATION
At 1 August 2023 26,036 459,142 485,178
Charge for year 2,323 41,221 43,544
Eliminated on disposal - (30,654 ) (30,654 )
At 31 July 2024 28,359 469,709 498,068
NET BOOK VALUE
At 31 July 2024 87,800 134,453 222,253
At 31 July 2023 90,123 172,270 262,393

Included in cost of land and buildings is freehold land of £ 25,209 (2023 - £ 25,209 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 235,000
Transfer to ownership (235,000 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 152,281
Transfer to ownership (135,859 )
At 31 July 2024 16,422
NET BOOK VALUE
At 31 July 2024 (16,422 )
At 31 July 2023 82,719

Northern Bulk Transport Ltd (Registered number: 04025405)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 464,831
Revaluations (99,444 )
At 31 July 2024 365,387
NET BOOK VALUE
At 31 July 2024 365,387
At 31 July 2023 464,831

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2015 4,945
Valuation in 2016 68,895
Valuation in 2017 8,664
Valuation in 2018 6,867
Valuation in 2019 8,998
Valuation in 2020 3,315
Valuation in 2021 20,602
Valuation in 2022 72,470
Valuation in 2023 58,849
Valuation in 2024 (99,444 )
Cost 211,226
365,387

If investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 211,226 211,226

Investment property was valued on an open market basis on 31 July 2024 by the director Mr S J Thornton .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,766 32,358
Other debtors 94,333 91,853
96,099 124,211

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 5,782 6,682
Taxation and social security 15,705 34,436
Other creditors 7,988 9,264
29,475 50,382

Northern Bulk Transport Ltd (Registered number: 04025405)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 23,250

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023 223,604
Revaluations (69,369 )

At 31 July 2024 154,235