REGISTERED NUMBER: 01039323 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

NORTHERN STORES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C W Jones

Mrs J Jones

SECRETARY:

Mr C W Jones

REGISTERED OFFICE:

The Tower

Melmerby

Penrith

Cumbria

CA10 1HE

REGISTERED NUMBER:

01039323 (England and Wales)

ACCOUNTANTS:

DCB Accountants Limited

Compton House

104 Scotland Road

Penrith

Cumbria

CA11 7NR

FIXED ASSETS

Tangible assets

4

372,576

386,572

Investments

5

200,002

200,002

572,578

586,574

CURRENT ASSETS

Stocks

6

47,633

43,577

Debtors

7

11,120

6,820

Cash at bank and in hand

210,806

176,624

269,559

227,021

CREDITORS

Amounts falling due within one year

8

122,265

78,670

NET CURRENT ASSETS

147,294

148,351

TOTAL ASSETS LESS CURRENT LIABILITIES

719,872

734,925

CREDITORS

Amounts falling due after more than one year

9

200,000

200,000

NET ASSETS

519,872

534,925

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

11

469,872

484,925

SHAREHOLDERS' FUNDS

519,872

534,925

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 23rd September 2025 and were signed on its behalf by:

Mr C W Jones - Director

1.	STATUTORY INFORMATION

Northern Stores 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

Preparation of consolidated financial statements

These financial statements contain information relating only to Northern Stores Limited as an individual company and do not contain consolidated financial information as the parent of a group. The Company has taken the option under section 398 of The Companies Act 2006 not to prepare consolidated financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1st January 2024

421,146

94,059

27,935

543,140

Additions

-

1,083

-

1,083

At 31st December 2024

421,146

95,142

27,935

544,223

DEPRECIATION

At 1st January 2024

66,773

70,457

19,338

156,568

Charge for year

8,423

5,604

1,052

15,079

At 31st December 2024

75,196

76,061

20,390

171,647

NET BOOK VALUE

At 31st December 2024

345,950

19,081

7,545

372,576

At 31st December 2023

354,373

23,602

8,597

386,572

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1st January 2024

and 31st December 2024

200,002

NET BOOK VALUE

At 31st December 2024

200,002

At 31st December 2023

200,002

6.

STOCKS

31.12.24

31.12.23

£

£

Stock at cost

47,633

43,577

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

444

323

B4RN loan

4,595

1,175

Prepayments

6,081

5,322

11,120

6,820

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

53,264

42,912

Tax

706

731

Social security and other taxes

1,323

1,412

VAT

4,416

4,685

Directors' loan accounts

55,820

22,357

Accrued expenses

6,736

6,573

122,265

78,670

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Owed to related undertakings

200,000

200,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

50,000

Ordinary

£1

50,000

50,000

11.

RESERVES

Retained

earnings

£

At 1st January 2024

484,925

Profit for the year

34,947

Dividends

(50,000

)

At 31st December 2024

469,872