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Registered number: 07846014
Northtronics Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Terra Finance Ltd
Castle Court
41 London Road
Reigate
Surrey
RH2 9RJ
Northtronics Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—6

Page 1
Northtronics Ltd
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 07846014

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,463 |  | 3,284
|  |  | 2,463 |  | 3,284
CURRENT ASSETS
Debtors | 5 | 42 |  | 37,260 |
Cash at bank and in hand |  | 11,290 |  | 68,479 |
|  | 11,332 |  | 105,739 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,952 ) |  | (17,049 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 8,380 |  | 88,690
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 10,843 |  | 91,974
NET ASSETS |  |  | 10,843 |  | 91,974
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 10,743 |  | 91,874
SHAREHOLDERS' FUNDS |  |  | 10,843 |  | 91,974

Page 1
Page 2
Northtronics Ltd
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Georgi Kiselov Director | Ms Bistra Avramova Director
25th November 2025

The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Northtronics Ltd
Statement of Changes in Equity
For The Year Ended 31 July 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 August 2023 | 100 | 39,494 | 39,594
Profit for the year and total comprehensive income | - | 75,880 | 75,880
Dividends paid | - | (23,500) | (23,500)
As at 31 July 2024 and 1 August 2024 | 100 | 91,874 | 91,974
Loss for the year and total comprehensive income | - | (45,631 ) | (45,631)
Dividends paid | - | (35,500) | (35,500)
As at 31 July 2025 | 100 | 10,743 | 10,843

Page 3
Page 4
Northtronics Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Northtronics Ltd Registered number 07846014 is a limited by shares company incorporated in England & Wales. The Registered Office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% Reducing Balance
Computer Equipment | 25% Reducing balance

2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
Northtronics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 August 2024 | 13,449 | 21,871 | 35,320
As at 31 July 2025 | 13,449 | 21,871 | 35,320
Depreciation
As at 1 August 2024 | 11,722 | 20,314 | 32,036
Provided during the period | 432 | 389 | 821
As at 31 July 2025 | 12,154 | 20,703 | 32,857
Net Book Value
As at 31 July 2025 | 1,295 | 1,168 | 2,463
As at 1 August 2024 | 1,727 | 1,557 | 3,284

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 37,260
VAT | 42 |  | -
| 42 |  | 37,260

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,847 |  | -
Bank loans and overdrafts | 7 |  | 13
Corporation tax | - |  | 13,679
VAT | - |  | 3,214
Accruals and deferred income | 795 |  | -
Directors' loan accounts | 303 |  | 143
| 2,952 |  | 17,049

Page 5
Page 6
Northtronics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

8. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 35,500 |  | 23,500

9. Ultimate Controlling Party
The company's ultimate controlling party is Georgi Kiselov by virtue of his ownership of 51% of the issued share capital in the company.
Page 6