Norside Foods Ltd

Norside Foods Ltd
Contents Page
For the year ended 30 April 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

Norside Foods Ltd
Statement of Financial Position
As at 30 April 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	468,339	471,675
		468,339	471,675
Current assets
Stocks		42,680	36,764
Debtors		19,833	23,493
Cash at bank and in hand		704,759	743,038
		767,272	803,295
Creditors: amount falling due within one year		(18,243)	(11,454)
Net current assets		749,029	791,841

Total assets less current liabilities		1,217,368	1,263,516
Provisions for liabilities		(4,293)	(6,200)
Net assets		1,213,075	1,257,316

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		1,212,975	1,257,216
Shareholders' funds		1,213,075	1,257,316

For the year ended 30 April 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 accounts for the year in question in accordance with section 476.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 04 November 2026 and were signed on its behalf by:

-------------------------------
Mr Hazim Al-Hashimi
Director

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Norside Foods Ltd
Notes to the Abridged Financial Statements
For the year ended 30 April 2026

General Information

Norside Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 03186598, registration address Unit 1 Hemfield Court, Makerfield Way Ince, Wigan, WN2 2ER.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Plant and Machinery	15% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 18 (2025 : 18).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 May 2025	443,737	273,352	44,269	6,332	767,690
Additions	-	1,020	-	-	1,020
Disposals	-	-	-	-	-
At 30 April 2026	443,737	274,372	44,269	6,332	768,710
Depreciation
At 01 May 2025	-	262,652	27,145	6,218	296,015
Charge for year	-	1,758	2,569	29	4,356
On disposals	-	-	-	-	-
At 30 April 2026	-	264,410	29,714	6,247	300,371
Net book values
Closing balance as at 30 April 2026	443,737	9,962	14,555	85	468,339
Opening balance as at 01 May 2025	443,737	10,700	17,124	114	471,675

4.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

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