Northern Balance Ltd in Gateshead, NE11 0TX

Description

Data updated on: 01-11-2023

Northern Balance started conducting its business in the year 2003 as a Private Limited Company with reg. no. 04635154. The firm has been operating for twenty one years and it's currently active. The company's head office is based in Gateshead at 3 Bamburgh Court. Anyone can also find the company using the post code of NE11 0TX. This enterprise's SIC and NACE codes are 33130: Repair of electronic and optical equipment. The firm's latest filed accounts documents cover the period up to 2022-12-31 and the most recent annual confirmation statement was submitted on 2022-12-09.

The following company owes its accomplishments and unending progress to exactly four directors, who are Paul M., Joshua C., Neil B. and Ian R., who have been managing the firm for one year.

The companies with significant control over this firm include: Gem Scientific 2014 Ltd owns over 3/4 of company shares. This business can be reached in Batley at Bradford Road, WF17 8LL and was registered as a PSC under the reg no 09304255.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	191 960	190 920	232 170	148 288	230 402
Current Assets	1 019 644	1 201 329	1 459 436	1 360 233	1 089 374
Debtors	778 799	974 908	1 132 049	1 103 413	733 723
Net Assets Liabilities	465 724	599 006	755 685	782 632	782 718
Other Debtors	14 222	44 045	46 253
Property Plant Equipment	48 991	79 135	51 848	50 237	118 321
Total Inventories	48 885	35 501	95 217	108 532	125 249

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	117 248	113 331	257 352	260 959	112 706
Amounts Owed By Related Parties	244 876	462 026	589 085
Amounts Owed To Group Undertakings		225 145	217 887
Average Number Employees During Period	17	20	23	24	24
Bank Borrowings Overdrafts	310 831
Corporation Tax Payable	31 930	23 240	42 601
Creditors	599 094	623 471	702 750	618 293	562 441
Future Minimum Lease Payments Under Non-cancellable Operating Leases	8 958	64 092	114 845
Increase From Depreciation Charge For Year Property Plant Equipment		31 301	38 851	15 494	13 435
Net Current Assets Liabilities	420 550	577 858	756 686	741 940	526 933
Other Creditors	54 002	63 106	58 003
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		35 218	40 881
Other Disposals Property Plant Equipment		35 218	58 014
Other Taxation Social Security Payable	80 169	98 031	154 465
Property Plant Equipment Gross Cost	166 239	192 466	309 200	311 196	231 027
Provisions	3 817	57 987	52 849
Provisions For Liabilities Balance Sheet Subtotal	3 817	57 987	52 849	9 545	22 481
Taxation Including Deferred Taxation Balance Sheet Subtotal	3 817	13 199	8 061
Total Additions Including From Business Combinations Property Plant Equipment		61 445	28 697	13 883	81 519
Total Assets Less Current Liabilities	469 541	656 993	808 534	792 177	805 199
Trade Creditors Trade Payables	122 162	213 949	229 794
Trade Debtors Trade Receivables	519 701	468 837	496 711
Disposals Decrease In Depreciation Impairment Property Plant Equipment				11 887	161 688
Disposals Property Plant Equipment				11 887	161 688
Fixed Assets				50 237	278 266
Intangible Assets					159 945
Intangible Assets Gross Cost					159 945
Nominal Value Allotted Share Capital			100	100	100
Number Shares Issued Fully Paid				100	100
Par Value Share				1	1
Total Additions Including From Business Combinations Intangible Assets					159 945