REGISTERED NUMBER: 00727461 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Alan Northrop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Northrop

N J Northrop

B M Northrop

R A Stride

J E Hulme

SECRETARY:

B M Northrop

REGISTERED OFFICE:

Airedale Business Centre

Keighley Road

Skipton

North Yorkshire

BD23 2FJ

REGISTERED NUMBER:

00727461 (England and Wales)

ACCOUNTANTS:

S&W Partners (Leeds) Limited

Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

BANKERS:

Lloyds

8-11 Cambridge Crescent

Harrogate

North Yorkshire

HG1 1PQ

FIXED ASSETS

Tangible assets

4

1,064,363

1,093,229

CURRENT ASSETS

Stocks

318,531

323,450

Debtors

5

376,314

448,829

Cash at bank

53,978

27,550

748,823

799,829

CREDITORS

Amounts falling due within one year

6

651,586

662,302

NET CURRENT ASSETS

97,237

137,527

TOTAL ASSETS LESS CURRENT LIABILITIES

1,161,600

1,230,756

CREDITORS

Amounts falling due after more than one year

7

(120,344

)

(139,393

)

PROVISIONS FOR LIABILITIES

10

(141,082

)

(152,531

)

NET ASSETS

900,174

938,832

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Revaluation reserve

11

491,638

491,638

Retained earnings

383,536

422,194

900,174

938,832

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 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.

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 21 August 2025 and were signed on its behalf by:

R A Northrop - Director

1.	STATUTORY INFORMATION

Alan Northrop 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 with the exception of certain fixed assets.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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.

Long leasehold

-

Over the term of the lease

Plant and machinery

-

10% - 25% straight line basis

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Stocks

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the statement of comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

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.

Operating leasing commitments

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

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.

Hire purchase agreements

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the statement of comprehensive income on a straight line basis over the lease term.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Finance costs

Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2023

and 30 November 2024

1,090,000

932,665

40,913

26,293

2,089,871

DEPRECIATION

At 1 December 2023

15,893

918,343

40,913

21,493

996,642

Charge for year

12,144

14,322

-

2,400

28,866

At 30 November 2024

28,037

932,665

40,913

23,893

1,025,508

NET BOOK VALUE

At 30 November 2024

1,061,963

-

-

2,400

1,064,363

At 30 November 2023

1,074,107

14,322

-

4,800

1,093,229

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

376,125

448,591

Prepayments and accrued income

189

238

376,314

448,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

252,302

28,617

Finance leases (see note 8)

(295

)

3,629

Trade creditors

222,033

198,948

Tax

3,458

14,831

Social security and other taxes

15,205

15,268

VAT

30,095

37,736

Other creditors

124,788

352,273

Accruals and deferred income

4,000

11,000

651,586

662,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

112,615

136,545

Finance leases (see note 8)

7,729

2,848

120,344

139,393

8.	LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases

2024

2023

£

£

Net obligations repayable:

Within one year

(295

)

3,629

Between one and five years

7,729

2,848

7,434

6,477

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

364,917

165,162

Finance leases

7,434

6,477

372,351

171,639

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

141,082

152,531

Deferred

tax

£

Balance at 1 December 2023

152,531

Provided during year

(11,449

)

Deferred tax movement

Balance at 30 November 2024

141,082

11.

RESERVES

Revaluation

reserve

£

At 1 December 2023

and 30 November 2024

491,638

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors are amounts of £13,525 (2023: £6,820) due from a director. The maximum balance was £13,525.

13.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the benefit of some employees and makes contributions to the personal pension schemes of the directors. The assets of the scheme are administered by trustees in a fund independent from those of the company.

The total contributions paid in the year amounted to £35,496 (2023: £37,147).

14.	COMMITMENTS UNDER OPERATING LEASE

At 30 November 2024 the Company had future minimum lease payments under non-cancellable operating leases as follows:

£

£

2024

2023

Not later than 1 year

32,000

39,058

Later than 1 year and not later than 5 years

128,000

142,878

Later than 5 years

1,682,667

1,650,667

1,842,667

1,832,603

15.	RELATED PARTY TRANSACTIONS

Included within bank loans due within one year and after one year are loans held in the name of the company that are personally secured against the assets of a director of the company.

The company occupies premises leased from a related party. Rent is paid on a commercial basis at the rate of £32,000 per annum (2023: £32,000).

No further transactions with related parties were undertaken such as are required to be disclosed under the Section 1A of FRS 102.