Northern Renovations Ltd - Filleted accounts

Registered number

04759848

Northern Renovations Ltd

Filleted Accounts

31 May 2026

Northern Renovations Ltd
Registered number:		04759848
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		46,412			61,246

Current assets
Stocks		123,155			123,155
Debtors	4	8,278			12,000
Cash at bank and in hand		83,658			112,601
		215,091			247,756

Creditors: amounts falling due within one year	5	(2,392)			(2,288)

Net current assets			212,699			245,468

Net assets			259,111			306,714

Capital and reserves
Called up share capital			2			2
Profit and loss account			259,109			306,712

Shareholders' funds			259,111			306,714

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.




G Sauer
Director
Approved by the board on 7 September 2026

Northern Renovations Ltd
Notes to the Accounts
for the year ended 31 May 2026


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.

	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	25% reducing balance
	Motor vessels	25% reducing balance

	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.

2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vessels		Total
£			£		£
	Cost
	At 1 June 2025	169,062		103,436		272,498
	At 31 May 2026	169,062		103,436		272,498

	Depreciation
	At 1 June 2025	109,198		102,054		211,252
	Charge for the year	14,489		345		14,834
	At 31 May 2026	123,687		102,399		226,086

	Net book value
	At 31 May 2026	45,375		1,037		46,412
	At 31 May 2025	59,864		1,382		61,246


4	Debtors			2026		2025
£					£

	Trade debtors			6,078		12,000
	Other debtors			2,200		-
				8,278		12,000


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			1,860		1,770
	Taxation and social security costs			517		518
	Other creditors			15		-
				2,392		2,288


6	Other information

	Northern Renovations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 9 Pine Court Business Centre
	36 Gervis Road
	Bournemouth
	Dorset
	BH1 3DH