Company Registration No. 08360776 (England and Wales)
NORTHERN HOPE CENTRE LIMITED
Unaudited accounts
for the year ended 31 January 2023
NORTHERN HOPE CENTRE LIMITED
Unaudited accounts
Contents
NORTHERN HOPE CENTRE LIMITED
Company Information
for the year ended 31 January 2023
Directors
HOPE, Lynn
NICHOLSON, Elizabeth Hodgson
THOMPSON, Graeme Eric
WILLIAMS, Muriel
Company Number
08360776 (England and Wales)
Registered Office
UNIT 78 IMEX BUSINESS CENTRE
BIRTLEY
CHESTER LE STREET
COUNTY DURHAM
DH3 1QT
Accountants
Bergen Associates (Chartered Certified Accountants)
c/o Andrew W Hunt & Co
13 Lowthian Terrace
Washington
Tyne and Wear
NE38 7BA
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
NORTHERN HOPE CENTRE LIMITED
for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
NORTHERN HOPE CENTRE LIMITED for the year ended
31 January 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Bergen Associates (Chartered Certified Accountants)
Chartered Certified Accountants
c/o Andrew W Hunt & Co
13 Lowthian Terrace
Washington
Tyne and Wear
NE38 7BA
17 October 2023
NORTHERN HOPE CENTRE LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
29,620
39,151
Cash at bank and in hand
1,569
2,560
Creditors: amounts falling due within one year
(1,320)
(1,050)
Net current assets
2,563
2,710
Profit and loss account
32,183
41,861
Members' funds
32,183
41,861
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
HOPE, Lynn
Director
Company Registration No. 08360776
NORTHERN HOPE CENTRE LIMITED
Notes to the Accounts
for the year ended 31 January 2023
NORTHERN HOPE CENTRE LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 08360776. The registered office is UNIT 78 IMEX BUSINESS CENTRE, BIRTLEY, CHESTER LE STREET, COUNTY DURHAM, DH3 1QT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term - Land and buildings cost are improvement costs capitalized and written off
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
NORTHERN HOPE CENTRE LIMITED
Notes to the Accounts
for the year ended 31 January 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2022
6,740
150,222
156,962
At 31 January 2023
6,740
150,431
157,171
At 1 February 2022
4,543
113,268
117,811
Charge for the year
440
9,300
9,740
At 31 January 2023
4,983
122,568
127,551
At 31 January 2023
1,757
27,863
29,620
At 31 January 2022
2,197
36,954
39,151
5
Creditors: amounts falling due within one year
2023
2022
6
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).