REGISTERED NUMBER: 13492941 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NORTHERN TANKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Peter Anthony Turner

Julie Ann Turner

REGISTERED OFFICE:

Thistledene

Leyburn Road

Middleham

Leyburn

North Yorkshire

DL8 4PS

BUSINESS ADDRESS:

Unit 19-20

Northfield Way

Newton Aycliffe

Co. Durham

DL5 6EJ

REGISTERED NUMBER:

13492941 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

FIXED ASSETS

Intangible assets

4

1,925

2,849

Tangible assets

5

179,185

156,995

181,110

159,844

CURRENT ASSETS

Stocks

204,718

303,771

Debtors

6

110,166

58,355

Cash at bank and in hand

110,527

52,573

425,411

414,699

CREDITORS

Amounts falling due within one year

7

342,229

345,291

NET CURRENT ASSETS

83,182

69,408

TOTAL ASSETS LESS CURRENT LIABILITIES

264,292

229,252

CREDITORS

Amounts falling due after more than one year

8

(24,988

)

(4,195

)

PROVISIONS FOR LIABILITIES

(34,951

)

-

NET ASSETS

204,353

225,057

CAPITAL AND RESERVES

Called up share capital

105

100

Profit and loss account

204,248

224,957

204,353

225,057

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2026 and were signed on its behalf by:

Peter Anthony Turner - Director

1.	STATUTORY INFORMATION

Northern Tanks 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 2022, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer Equipment

-

20% 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 Profit and Loss Account, 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 13 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

4,619

AMORTISATION

At 1 January 2025

1,770

Amortisation for year

924

At 31 December 2025

2,694

NET BOOK VALUE

At 31 December 2025

1,925

At 31 December 2024

2,849

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

125,145

50,148

61,401

21,106

257,800

Additions

-

562

124,564

555

125,681

Disposals

-

-

(73,631

)

-

(73,631

)

At 31 December 2025

125,145

50,710

112,334

21,661

309,850

DEPRECIATION

At 1 January 2025

52,398

19,246

19,147

10,014

100,805

Charge for year

14,549

6,293

21,624

2,329

44,795

Eliminated on disposal

-

-

(14,935

)

-

(14,935

)

At 31 December 2025

66,947

25,539

25,836

12,343

130,665

NET BOOK VALUE

At 31 December 2025

58,198

25,171

86,498

9,318

179,185

At 31 December 2024

72,747

30,902

42,254

11,092

156,995

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

57,111

-

Other debtors

53,055

58,355

110,166

58,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

26,070

17,836

Trade creditors

216,628

211,717

Amounts owed to group undertakings

1,404

-

Amounts owed to associates

624

-

Taxation and social security

79,735

99,617

Other creditors

17,768

16,121

342,229

345,291

Included within creditors is £51,058 (2024: £22,031) hire purchase commitments, secured on the assets to which they relate.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,988

4,195

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £16,896 (2024: £25,615). Contributions totalling £1,170 (2024: £848) were payable to the fund at the year end and are included in creditors.