REGISTERED NUMBER: 04187712 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NORTH EUSTON LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Spearman

Mrs A F Spearman

Miss V J Spearman

Mrs K M Marsden

SECRETARY:

Mrs A F Spearman

REGISTERED OFFICE:

423 Clifton Drive North

St Annes on Sea

Lancashire

FY8 2NW

REGISTERED NUMBER:

04187712 (England and Wales)

ACCOUNTANTS:

Xeinadin

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

4

165,832

203,392

Tangible assets

5

421,708

463,447

587,540

666,839

CURRENT ASSETS

Stocks

37,641

23,512

Debtors

6

144,165

168,580

Cash at bank and in hand

689,940

686,239

871,746

878,331

CREDITORS

Amounts falling due within one year

7

(317,677

)

(417,845

)

NET CURRENT ASSETS

554,069

460,486

TOTAL ASSETS LESS CURRENT LIABILITIES

1,141,609

1,127,325

PROVISIONS FOR LIABILITIES

8

(72,880

)

(82,432

)

NET ASSETS

1,068,729

1,044,893

CAPITAL AND RESERVES

Called up share capital

140

140

Retained earnings

1,068,589

1,044,753

SHAREHOLDERS' FUNDS

1,068,729

1,044,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mr P J Spearman - Director

1.	STATUTORY INFORMATION

North Euston 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 representing the value of services provided is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover representing sales of goods is shown net of VAT and is recognised when the goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

2% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% 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.

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.

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.

Going concern

The directors are satisfied at the time of approving the financial statements that the company has

adequate resources to continue to operate for the foreseeable future and as such, continues to adopt

the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2024 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

751,142

AMORTISATION

At 1 April 2024

547,750

Charge for year

37,560

At 31 March 2025

585,310

NET BOOK VALUE

At 31 March 2025

165,832

At 31 March 2024

203,392

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

192,396

961,180

11,000

1,442

1,166,018

Additions

-

23,217

10,500

-

33,717

At 31 March 2025

192,396

984,397

21,500

1,442

1,199,735

DEPRECIATION

At 1 April 2024

36,180

653,949

11,000

1,442

702,571

Charge for year

3,848

69,600

2,008

-

75,456

At 31 March 2025

40,028

723,549

13,008

1,442

778,027

NET BOOK VALUE

At 31 March 2025

152,368

260,848

8,492

-

421,708

At 31 March 2024

156,216

307,231

-

-

463,447

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,819

23,519

Directors' current accounts

124,886

80,995

Tax

-

60,685

Prepayments

3,460

3,381

144,165

168,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

58,483

66,926

Tax

66,363

155,792

Social security and other taxes

11,923

12,112

VAT

77,879

75,856

Other creditors

45,215

39,608

Accruals and deferred income

57,814

67,551

317,677

417,845

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

72,880

82,432

Deferred

tax

£

Balance at 1 April 2024

82,432

Credit to Income Statement during year

(9,552

)

Balance at 31 March 2025

72,880

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr P J Spearman and Mrs A F Spearman

Balance outstanding at start of year

65,227

-

Amounts advanced

184,202

292,865

Amounts repaid

(124,544

)

(227,638

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

124,885

65,227

Mrs K M Marsden

Balance outstanding at start of year

15,767

-

Amounts advanced

1,808

15,767

Amounts repaid

(17,575

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

15,767

The loans to the directors are unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £105,803 (2024 - £94,000) were paid to the directors .

The company paid rent of £30,000 (2024 - £30,000) to Mr P & Mrs A F Spearman (directors).