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Registration number: 11861850

NESW Solutions Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2022

 

NESW Solutions Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

NESW Solutions Ltd

Company Information

Director

P Wray

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross & Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

NESW Solutions Ltd

(Registration number: 11861850)
Abridged Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

fixed assets

 

tangible assets

3

684

995

Current assets

 

Debtors

286

4,251

Cash at bank and in hand

 

97

4,449

 

383

8,700

Creditors: Amounts falling due within one year

(1,611)

(9,578)

Net current liabilities

 

(1,228)

(878)

Net (liabilities)/assets

 

(544)

117

capital and reserves

 

Called up share capital

100

100

Profit and loss account

(644)

17

Total equity

 

(544)

117

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 12 September 2022
 

 

NESW Solutions Ltd

(Registration number: 11861850)
Abridged Balance Sheet as at 31 March 2022

.........................................
P Wray
Director

 

NESW Solutions Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2022

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

NESW Solutions Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33.33% staright line depreciation

Plant and machinery

25% reducing balance depreciation

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2021

250

1,316

1,566

At 31 March 2022

250

1,316

1,566

Depreciation

At 1 April 2021

167

404

571

Charge for the year

83

228

311

At 31 March 2022

250

632

882

Carrying amount

At 31 March 2022

-

684

684

At 31 March 2021

83

912

995

4

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100