Northwest Polytunnel Construction & Earthworks Ltd 08993672 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Other specialised construction activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 08993672 2022-05-01 2023-04-30 08993672 2023-04-30 08993672 core:CurrentFinancialInstruments 2023-04-30 08993672 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08993672 core:FurnitureFittingsToolsEquipment 2023-04-30 08993672 core:MotorVehicles 2023-04-30 08993672 bus:SmallEntities 2022-05-01 2023-04-30 08993672 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 08993672 bus:FullAccounts 2022-05-01 2023-04-30 08993672 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 08993672 bus:RegisteredOffice 2022-05-01 2023-04-30 08993672 bus:Director1 2022-05-01 2023-04-30 08993672 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08993672 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 08993672 core:MotorVehicles 2022-05-01 2023-04-30 08993672 core:PlantMachinery 2022-05-01 2023-04-30 08993672 countries:EnglandWales 2022-05-01 2023-04-30 08993672 2022-04-30 08993672 core:FurnitureFittingsToolsEquipment 2022-04-30 08993672 core:MotorVehicles 2022-04-30 08993672 2021-05-01 2022-04-30 08993672 2022-04-30 08993672 core:CurrentFinancialInstruments 2022-04-30 08993672 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 08993672 core:FurnitureFittingsToolsEquipment 2022-04-30 08993672 core:MotorVehicles 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 08993672

Northwest Polytunnel Construction & Earthworks Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Northwest Polytunnel Construction & Earthworks Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Northwest Polytunnel Construction & Earthworks Ltd

(Registration number: 08993672)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,070

11,870

Current assets

 

Debtors

5

23,828

29,227

Cash at bank and in hand

 

42,556

34,120

 

66,384

63,347

Creditors: Amounts falling due within one year

6

(7,291)

(9,069)

Net current assets

 

59,093

54,278

Total assets less current liabilities

 

64,163

66,148

Provisions for liabilities

(1,167)

(2,400)

Net assets

 

62,996

63,748

Capital and reserves

 

Called up share capital

100

100

Retained earnings

62,896

63,648

Shareholders' funds

 

62,996

63,748

For the financial year ending 30 April 2023 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2023
 

.........................................
Mr P Smith
Director

 

Northwest Polytunnel Construction & Earthworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
13 Alpha Street
Salterforth
Lancashire
BB18 6ST

These financial statements were authorised for issue by the director on 26 September 2023.

2

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

Going concern

The financial statements have been prepared on a going concern basis.

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.

Government grants

Government grants in relation to tangible fixed assets are credited to the 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 the profit and loss.

Tax

The tax expense for the period comprises current and deferred 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.

 

Northwest Polytunnel Construction & Earthworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Motor vehicles

25% straight line basis

Plant and machinery

25% straight linie basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Northwest Polytunnel Construction & Earthworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Northwest Polytunnel Construction & Earthworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

34,411

37,227

71,638

Additions

1,025

-

1,025

At 30 April 2023

35,436

37,227

72,663

Depreciation

At 1 May 2022

29,008

30,760

59,768

Charge for the year

1,359

6,466

7,825

At 30 April 2023

30,367

37,226

67,593

Carrying amount

At 30 April 2023

5,069

1

5,070

At 30 April 2022

5,403

6,467

11,870

5

Debtors

Current

2023
£

2022
£

Trade debtors

16,208

18,209

Prepayments

1,246

1,760

Other debtors

6,374

9,258

 

23,828

29,227

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

5,926

8,135

Accruals and deferred income

874

874

Other creditors

491

60

7,291

9,069