REGISTERED NUMBER: 04165250 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 30 April 2025

for

Town and Country (Northern) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S A Morten

Mrs J E Morten

SECRETARY:

S A Morten

REGISTERED OFFICE:

Smalldale Farm

Smalldale

Buxton

Derbyshire

SK17 8EA

REGISTERED NUMBER:

04165250 (England and Wales)

ACCOUNTANTS:

Lomas and Company Accountants Limited

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

FIXED ASSETS

Tangible assets

4

1,095,139

1,054,535

CURRENT ASSETS

Stocks

5

60,000

60,000

Debtors

6

4,928,829

2,768,370

Cash at bank

427,876

747,954

5,416,705

3,576,324

CREDITORS

Amounts falling due within one year

7

3,816,136

2,294,412

NET CURRENT ASSETS

1,600,569

1,281,912

TOTAL ASSETS LESS CURRENT LIABILITIES

2,695,708

2,336,447

CREDITORS

Amounts falling due after more than one year

8

(20,018

)

(57,534

)

PROVISIONS FOR LIABILITIES

(273,785

)

(263,634

)

NET ASSETS

2,401,905

2,015,279

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,401,805

2,015,179

SHAREHOLDERS' FUNDS

2,401,905

2,015,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S A Morten - Director

1.	STATUTORY INFORMATION

Town and Country (Northern) 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.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairments found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

2,523,100

-

32,500

19,047

2,574,647

Additions

427,086

13,535

47,156

8,006

495,783

Disposals

(96,127

)

-

-

(7,919

)

(104,046

)

At 30 April 2025

2,854,059

13,535

79,656

19,134

2,966,384

DEPRECIATION

At 1 January 2024

1,496,548

-

11,172

12,392

1,520,112

Charge for period

405,622

275

9,113

4,704

419,714

Eliminated on disposal

(60,662

)

-

-

(7,919

)

(68,581

)

At 30 April 2025

1,841,508

275

20,285

9,177

1,871,245

NET BOOK VALUE

At 30 April 2025

1,012,551

13,260

59,371

9,957

1,095,139

At 31 December 2023

1,026,552

-

21,328

6,655

1,054,535

Fixed assets above include plant and machinery with a net book value of £267,247 (2023 - £335,718) that are subject to hire purchase.

5.

STOCKS

30.4.25

31.12.23

£

£

Stocks

60,000

60,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.12.23

£

£

Trade debtors

4,653,577

2,739,295

Directors' current accounts

268,303

29,075

Prepayments

6,949

-

4,928,829

2,768,370

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.12.23

£

£

Bank loans and overdrafts

9,640

9,760

Hire purchase contracts

69,003

125,052

Trade creditors

3,308,767

1,994,120

Tax

170,299

63,173

Social security and other taxes

14,099

18,913

VAT

143,659

55,072

Other creditors

68,365

4,519

Credit card

1,499

5,933

Accrued expenses

30,805

17,870

3,816,136

2,294,412

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

31.12.23

£

£

Bank loans - 1-2 years

7,851

9,760

Bank loans - 2-5 years

-

11,390

Hire purchase contracts

12,167

36,384

20,018

57,534

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 April 2025 and 31 December 2023:

30.4.25

31.12.23

£

£

S A Morten

Balance outstanding at start of period

14,537

1,590

Amounts advanced

134,152

14,537

Amounts repaid

(14,537

)

(1,590

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

134,152

14,537

Mrs J E Morten

Balance outstanding at start of period

14,537

-

Amounts advanced

134,152

14,537

Amounts repaid

(14,537

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

134,152

14,537