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Registration number: 04391451

Northbridge Vending Company Limited

Unaudited Financial Statements

for the Year Ended 31 May 2025

 

Northbridge Vending Company Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Northbridge Vending Company Limited

(Registration number: 04391451)
Statement of Financial Position as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

373,811

472,947

Current assets

 

Stocks

6

106,833

94,441

Debtors

7

103,765

124,958

Cash at bank and in hand

 

1,230,728

764,723

 

1,441,326

984,122

Creditors: Amounts falling due within one year

8

(353,863)

(247,360)

Net current assets

 

1,087,463

736,762

Total assets less current liabilities

 

1,461,274

1,209,709

Provisions for liabilities

98

(7,869)

Net assets

 

1,461,372

1,201,840

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,461,272

1,201,740

Shareholders' funds

 

1,461,372

1,201,840

For the financial year ending 31 May 2025 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.

 

Northbridge Vending Company Limited

(Registration number: 04391451)
Statement of Financial Position as at 31 May 2025

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 Income Statement.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 

.........................................
CA Holt
Director

   
     
 

Northbridge Vending Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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:
1 Holt Business Park
Widow Hill Road
Burnley
Lancashire
BB10 2TN
United Kingdom

These financial statements were authorised for issue by the Board on 24 July 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.

 

Northbridge Vending Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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 statement of financial position 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 - 10% Straight line

Furniture, fixtures and equipment

25% Straight line

Motor vehicles

25% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Northbridge Vending Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 11).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2024

400,000

400,000

At 31 May 2025

400,000

400,000

Amortisation

At 1 June 2024

400,000

400,000

At 31 May 2025

400,000

400,000

Carrying amount

At 31 May 2025

-

-

 

Northbridge Vending Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2024

411,602

114,004

231,137

756,743

Additions

-

6,409

-

6,409

Disposals

-

(624)

(54,402)

(55,026)

At 31 May 2025

411,602

119,789

176,735

708,126

Depreciation

At 1 June 2024

89,220

83,729

110,847

283,796

Charge for the year

11,300

11,502

44,208

67,010

Eliminated on disposal

-

(624)

(15,867)

(16,491)

At 31 May 2025

100,520

94,607

139,188

334,315

Carrying amount

At 31 May 2025

311,082

25,182

37,547

373,811

At 31 May 2024

322,382

30,275

120,290

472,947

Included within the net book value of land and buildings above is £311,082 (2024 - £322,382) in respect of freehold land and buildings.
 

6

Stocks

2025
£

2024
£

Other inventories

106,833

94,441

7

Debtors

2025
£

2024
£

Trade debtors

83,322

102,319

Prepayments

20,443

18,608

Other debtors

-

4,031

103,765

124,958

 

Northbridge Vending Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

81,859

93,534

Taxation and social security

267,725

145,173

Accruals and deferred income

4,279

4,514

Other creditors

-

4,139

353,863

247,360