REGISTERED NUMBER: 03247550 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Northern Lights Energy Limited

Trading as

Timber Supplies

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Nelson

J Nelson

SECRETARY:

J Nelson

REGISTERED OFFICE:

c/o Timber Supplies

Hanover Place

Sunderland

SR4 6BY

REGISTERED NUMBER:

03247550 (England and Wales)

ACCOUNTANTS:

John Scrivens

11 Sunderland Street

Houghton-le-Spring

Tyne and Wear

DH4 4BD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

68,131

47,143

68,132

47,144

CURRENT ASSETS

Stocks

418,383

330,000

Debtors

6

1,115,624

1,041,291

Prepayments and accrued income

105,827

87,552

Cash at bank and in hand

201,193

645,422

1,841,027

2,104,265

CREDITORS

Amounts falling due within one year

7

286,409

320,326

NET CURRENT ASSETS

1,554,618

1,783,939

TOTAL ASSETS LESS CURRENT LIABILITIES

1,622,750

1,831,083

PROVISIONS FOR LIABILITIES

2,031

3,678

NET ASSETS

1,620,719

1,827,405

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,620,717

1,827,403

SHAREHOLDERS' FUNDS

1,620,719

1,827,405

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 31 May 2025 and were signed on its behalf by:

S Nelson - Director

1.	STATUTORY INFORMATION

Northern Lights Energy 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten 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.

Land and buildings

-

25% on cost

Plant and machinery etc

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

and 31 March 2025

59,999

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

28,757

232,946

261,703

Additions

-

39,400

39,400

At 31 March 2025

28,757

272,346

301,103

DEPRECIATION

At 1 April 2024

26,553

188,007

214,560

Charge for year

1,437

16,975

18,412

At 31 March 2025

27,990

204,982

232,972

NET BOOK VALUE

At 31 March 2025

767

67,364

68,131

At 31 March 2024

2,204

44,939

47,143

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

918

3,117

Other debtors

1,014,251

1,038,174

1,015,169

1,041,291

Amounts falling due after more than one year:

Other debtors

100,455

-

Aggregate amounts

1,115,624

1,041,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

107,167

174,843

Taxation and social security

47,931

63,051

Other creditors

131,311

82,432

286,409

320,326

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

31.3.25

31.3.24

£

£

J Nelson

Balance outstanding at start of year

502,287

-

Amounts advanced

116,191

1,102,287

Amounts repaid

(150,000

)

(600,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

468,478

502,287

Overdrawn loan account carries an interest rate of %0.