North-Fork Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05846864

North-Fork Limited

Filleted Unaudited Financial Statements

For the year ended

30 June 2026

North-Fork Limited

Statement of Financial Position

30 June 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	100	575
Tangible assets	6	29,865	37,084
		--------	--------
		29,965	37,659

Current assets

Stocks		184,048	190,698
Debtors	7	154,660	154,773
Cash at bank and in hand		241,425	241,138
		---------	---------
		580,133	586,609

Creditors: amounts falling due within one year	8	215,567		219,421
		---------		---------
Net current assets			364,566	367,188
			---------	---------
Total assets less current liabilities			394,531	404,847

Creditors: amounts falling due after more than one year	9		–	3,334

Provisions

Taxation including deferred tax	8,377	6,866
	---------	---------
Net assets	386,154	394,647
	---------	---------

Capital and reserves

Called up share capital	50	50
Capital redemption reserve	50	50
Profit and loss account	386,054	394,547
	---------	---------
Shareholders funds	386,154	394,647
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

North-Fork Limited

Statement of Financial Position (continued)

30 June 2026

These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:

Mr D Griffiths

Director

Company registration number: 05846864

North-Fork Limited

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Leapers View, Over Kellet, Carnforth, Lancashire, LA6 1HL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property alterations	-	20% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Intangible assets

	Goodwill
	£

Cost
At 1 July 2025 and 30 June 2026	9,500
	-------
Amortisation
At 1 July 2025	8,925
Charge for the year	475
	-------
At 30 June 2026	9,400
	-------
Carrying amount
At 30 June 2026	100
	-------
At 30 June 2025	575
	-------

6. Tangible assets

Land and buildings	Plant and machinery	Motor vehicles	Total
£	£	£	£

Cost
At 1 July 2025	2,381	37,187	44,750	84,318
Additions	–	989	–	989
	-------	--------	--------	--------
At 30 June 2026	2,381	38,176	44,750	85,307
	-------	--------	--------	--------
Depreciation
At 1 July 2025	2,381	25,069	19,784	47,234
Charge for the year	–	1,966	6,242	8,208
	-------	--------	--------	--------
At 30 June 2026	2,381	27,035	26,026	55,442
	-------	--------	--------	--------
Carrying amount
At 30 June 2026	–	11,141	18,724	29,865
	-------	--------	--------	--------
At 30 June 2025	–	12,118	24,966	37,084
	-------	--------	--------	--------

7. Debtors

	2026	2025
	£	£

Trade debtors	154,188	154,318
Prepayments and accrued income	472	455
	---------	---------
	154,660	154,773
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£

Bank loans and overdrafts	3,334	10,000
Trade creditors	152,471	153,865
Accruals and deferred income	10,667	15,677
Corporation tax	12,683	14,061
Social security and other taxes	36,340	23,482
Obligations under finance leases and hire purchase contracts	–	2,292
Director loan accounts	72	44
	---------	---------
	215,567	219,421
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£

Bank loans and overdrafts	–	3,334
	----	-------

10. Directors' advances, credits and guarantees

The directors were loaned during the year £55,000 by the company. This was repaid by the year end. Interest of 3.75% was charged on the loan.