REGISTERED NUMBER: 09678394 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Northover & Co Accountants Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Jackson

Mrs D Wood

REGISTERED OFFICE:

132A Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

REGISTERED NUMBER:

09678394 (England and Wales)

ACCOUNTANTS:

Northover & Co Accountants Ltd

132A Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Intangible assets

4

419,591

340,000

Tangible assets

5

3,884

3,789

423,475

343,789

CURRENT ASSETS

Stocks

89,964

99,072

Debtors

56,362

44,402

Cash at bank

106,674

72,285

253,000

215,759

CREDITORS

Amounts falling due within one year

234,373

193,663

NET CURRENT ASSETS

18,627

22,096

TOTAL ASSETS LESS CURRENT LIABILITIES

442,102

365,885

CREDITORS

Amounts falling due after more than one year

(332,133

)

(272,841

)

PROVISIONS FOR LIABILITIES

(703

)

(703

)

NET ASSETS

109,266

92,341

CAPITAL AND RESERVES

Called up share capital

140

140

Retained earnings

109,126

92,201

SHAREHOLDERS' FUNDS

109,266

92,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:

Mr M Jackson - Director

1.	STATUTORY INFORMATION

Northover & Co Accountants 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

400,000

Additions

102,141

At 30 September 2024

502,141

AMORTISATION

At 1 October 2023

60,000

Amortisation for year

22,550

At 30 September 2024

82,550

NET BOOK VALUE

At 30 September 2024

419,591

At 30 September 2023

340,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

22,451

Additions

1,667

At 30 September 2024

24,118

DEPRECIATION

At 1 October 2023

18,662

Charge for year

1,572

At 30 September 2024

20,234

NET BOOK VALUE

At 30 September 2024

3,884

At 30 September 2023

3,789