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Company Registration No. 03172981 (England and Wales)
NWT Horseshoes Limited Unaudited accounts for the year ended 31 December 2022
NWT Horseshoes Limited Unaudited accounts Contents
Page
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NWT Horseshoes Limited Company Information for the year ended 31 December 2022
Directors
S H Jones R D Jones
Company Number
03172981 (England and Wales)
Registered Office
Unit 4, Media Point Mold Business Park Mold Flintshire CH7 1XY
Accountants
Bayliss Baines Limited 29 Chester Street Wrexham LL13 8BG
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NWT Horseshoes Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
145,663 
266,573 
Investments
378,098 
388,956 
523,761 
655,529 
Current assets
Inventories
1,749,860 
1,526,631 
Debtors
318,545 
238,178 
Cash at bank and in hand
292,800 
89,056 
2,361,205 
1,853,865 
Creditors: amounts falling due within one year
(479,470)
(477,710)
Net current assets
1,881,735 
1,376,155 
Total assets less current liabilities
2,405,496 
2,031,684 
Creditors: amounts falling due after more than one year
(52,643)
- 
Provisions for liabilities
Deferred tax
(27,676)
(16,301)
Net assets
2,325,177 
2,015,383 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,325,077 
2,015,283 
Shareholders' funds
2,325,177 
2,015,383 
For the year ending 31 December 2022 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 30 September 2023 and were signed on its behalf by
S H Jones Director Company Registration No. 03172981
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NWT Horseshoes Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
NWT Horseshoes Limited is a private company, limited by shares, registered in England and Wales, registration number 03172981. The registered office is Unit 4, Media Point, Mold Business Park, Mold, Flintshire, CH7 1XY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
2% straight line basis
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Stock
Stock has 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension 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.
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NWT Horseshoes Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
206,110 
121,172 
17,000 
47,247 
123,589 
515,118 
Additions
- 
645 
104,963 
- 
2,815 
108,423 
Revaluations
(206,110)
- 
- 
- 
- 
(206,110)
At 31 December 2022
- 
121,817 
121,963 
47,247 
126,404 
417,431 
Depreciation
At 1 January 2022
25,332 
81,362 
11,622 
35,812 
94,417 
248,545 
Charge for the year
- 
10,114 
27,585 
2,859 
7,997 
48,555 
On disposals
(25,332)
- 
- 
- 
- 
(25,332)
At 31 December 2022
- 
91,476 
39,207 
38,671 
102,414 
271,768 
Net book value
At 31 December 2022
- 
30,341 
82,756 
8,576 
23,990 
145,663 
At 31 December 2021
180,778 
39,810 
5,378 
11,435 
29,172 
266,573 
2022 
2021 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
54,777 
- 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2022
388,956 
Disposals
(10,858)
Valuation at 31 December 2022
378,098 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
69,479 
55,174 
Amounts due from group undertakings etc.
166,217 
2,740 
Accrued income and prepayments
23,368 
26,510 
Other debtors
59,481 
153,754 
318,545 
238,178 
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NWT Horseshoes Limited Notes to the Accounts for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
102,246 
Obligations under finance leases and hire purchase contracts
6,617 
- 
Trade creditors
238,188 
60,994 
Taxes and social security
221,507 
184,413 
Other creditors
7,084 
128,831 
Accruals
6,074 
1,226 
479,470 
477,710 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
52,643 
- 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S H Jones
Director's Loan Account
119,932 
59,481 
119,932 
59,481 
119,932 
59,481 
119,932 
59,481 
During the year loans were made to Mr SH Jones amounting to £59,481 (2021 - £119,932). Interest has been charged on the outstanding balance at the official rate. Since the year end the loan has been repaid in full.
10
Average number of employees
During the year the average number of employees was 11 (2021: 11).
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