Northern Geological Supplies Ltd

Registered number

04969405

Filleted Accounts

30 November 2025

Northern Geological Supplies Ltd
Registered number:		04969405
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		289,532			289,532

Current assets
Stocks		75,283			92,426
Debtors	5	-			17,917
Cash at bank and in hand		27,464			4,076
		102,747			114,419

Creditors: amounts falling due within one year	6	(36,014)			(52,406)

Net current assets			66,733			62,013

Total assets less current liabilities			356,265			351,545

Creditors: amounts falling due after more than one year	7		(141,127)			(130,304)



Net assets			215,138			221,241

Capital and reserves
Called up share capital			12			12
Profit and loss account			215,126			221,229

Shareholders' funds			215,138			221,241

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




B Roberts
Director
Approved by the board on 27 August 2026

Northern Geological Supplies Ltd
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 December 2024					60,000
	At 30 November 2025					60,000

	Amortisation
	At 1 December 2024					60,000
	At 30 November 2025					60,000

	Net book value
	At 30 November 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 December 2024	289,532		1,090		290,622
	At 30 November 2025	289,532		1,090		290,622

	Depreciation
	At 1 December 2024	-		1,090		1,090
	At 30 November 2025	-		1,090		1,090

	Net book value
	At 30 November 2025	289,532		-		289,532
	At 30 November 2024	289,532		-		289,532
	Land and buildings with a cost of £289,532 were valued at £430,000 for purposes of securing a loan from Nat West bank plc. The property was valued by Ryder & Dutton Chartered Surveyors of Royton,


5	Debtors			2025		2024
£					£

	Trade debtors			-		17,917


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			10,153		3,034
	Taxation and social security costs			16,450		30,777
	Other creditors			9,411		18,595
				36,014		52,406


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			141,127		130,304


8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			130,304		130,304

	The bank loans from National Westminster Bank plc are secured by a charge over the company premises at 66 Gas St Bolton. The charge was created in December 2019.


9	Other information

	Northern Geological Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	66 Gas St
	Bolton
	BL1 4TG