Company Registration No. 02091066 (England and Wales)
Northvale Korting Limited
Unaudited accounts
for the year ended 30 September 2025
Northvale Korting Limited
Unaudited accounts
Contents
Northvale Korting Limited
Statement of financial position
as at 30 September 2025
Tangible assets
76,308
90,200
Inventories
695,036
583,036
Cash at bank and in hand
11,871
38,713
Creditors: amounts falling due within one year
(604,088)
(592,451)
Net current assets
294,995
119,502
Total assets less current liabilities
371,303
209,702
Creditors: amounts falling due after more than one year
(402,004)
(481,933)
Net liabilities
(30,701)
(272,231)
Called up share capital
150,000
150,000
Capital redemption reserve
200,000
200,000
Profit and loss account
(380,701)
(622,231)
Shareholders' funds
(30,701)
(272,231)
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Sarah-Jane Moore
Director
Company Registration No. 02091066
Northvale Korting Limited
Notes to the Accounts
for the year ended 30 September 2025
Northvale Korting Limited is a private company, limited by shares, registered in England and Wales, registration number 02091066. The registered office is Unit 3, Canalside Business Park, Tramway Road, Banbury, Oxfordshire, OX16 5FA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The accounts have been drawn up on a going concern basis. The company is dependent on the support of the director who has introduced funds to support the company. This support is expected to continue.
If the going concern basis was not appropriate, adjustments would have to be made to reduce assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Northvale Korting Limited
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2024
20,317
420,208
108,360
241,818
790,703
Additions
-
5,504
-
9,394
14,898
At 30 September 2025
20,317
425,712
108,360
251,212
805,601
At 1 October 2024
383
417,736
52,708
229,676
700,503
Charge for the year
166
5,616
14,267
8,741
28,790
At 30 September 2025
549
423,352
66,975
238,417
729,293
At 30 September 2025
19,768
2,360
41,385
12,795
76,308
At 30 September 2024
19,934
2,472
55,652
12,142
90,200
Amounts falling due within one year
Trade debtors
139,793
41,183
Accrued income and prepayments
36,479
32,617
Amounts falling due after more than one year
Other debtors
15,060
15,060
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,001
5,001
Trade creditors
199,130
211,629
Taxes and social security
192,921
216,964
Other creditors
15,725
15,803
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
44,846
62,785
Other creditors
97,221
141,689
Loans from directors
229,314
243,835
Northvale Korting Limited
Notes to the Accounts
for the year ended 30 September 2025
8
Average number of employees
During the year the average number of employees was 9 (2024: 9).