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REGISTERED NUMBER: 07863750 (England and Wales)










Financial Statements

for the Year Ended 30 November 2024

for

Northern Chair World Limited

Northern Chair World Limited (Registered number: 07863750)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northern Chair World Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr D A Wellings





REGISTERED OFFICE: 46 Waterloo Road
Blyth
Northumberland
NE24 1DH





REGISTERED NUMBER: 07863750 (England and Wales)





ACCOUNTANTS: Paul Connon, FFA, FFTA
Suite 24 Arms Evertyne House
Quay Road
Blyth
Northumberland
NE24 2AS

Northern Chair World Limited (Registered number: 07863750)

Balance Sheet
30 November 2024

30.11.24 30.11.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,120
Tangible assets 5 250 332
250 2,452

CURRENT ASSETS
Stocks 21,115 20,115
Debtors 6 5,736 7,126
Cash at bank 13,693 7,674
40,544 34,915
CREDITORS
Amounts falling due within one year 7 13,889 18,936
NET CURRENT ASSETS 26,655 15,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,905

18,431

CREDITORS
Amounts falling due after more than one year 8 15,650 19,330
NET ASSETS/(LIABILITIES) 11,255 (899 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,253 (901 )
SHAREHOLDERS' FUNDS 11,255 (899 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Chair World Limited (Registered number: 07863750)

Balance Sheet - continued
30 November 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 18 August 2025 and were signed by:





Mr D A Wellings - Director


Northern Chair World Limited (Registered number: 07863750)

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

1. STATUTORY INFORMATION

Northern Chair World Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being fully amortised in the current year.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Northern Chair World Limited (Registered number: 07863750)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 2,120
AMORTISATION
Charge for year 2,120
At 30 November 2024 2,120
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 2,120

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 4,422
DEPRECIATION
At 1 December 2023 4,090
Charge for year 82
At 30 November 2024 4,172
NET BOOK VALUE
At 30 November 2024 250
At 30 November 2023 332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
as restated
£    £   
Trade debtors 2,877 2,490
Other debtors 2,859 4,636
5,736 7,126

Northern Chair World Limited (Registered number: 07863750)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
as restated
£    £   
Bank loans and overdrafts - 4,507
Trade creditors 3,364 3,364
Taxation and social security 8,667 6,657
Other creditors 1,858 4,408
13,889 18,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
as restated
£    £   
Bank loans 15,650 19,330