Company registration number 09974209 (England and Wales)
Norwood Six Ltd
Unaudited
financial statements
for the year ended 31 January 2023
PAGES FOR FILING WITH REGISTRAR
Norwood Six Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Norwood Six Ltd
Statement of financial position
as at 31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
244,395
413,432
Debtors
3
57,501
81,918
Cash at bank and in hand
82,855
28,067
384,751
523,417
Creditors: amounts falling due within one year
4
(44,727)
(42,703)
Net current assets
340,024
480,714
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
340,023
480,713
Total equity
340,024
480,714
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 October 2023 and are signed on its behalf by:
A Greenwood
Director
Company Registration No. 09974209
Norwood Six Ltd
Notes to the financial statements
for the year ended 31 January 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on supply of goods.
Stocks
Stock is valued at the lower of cost and net realisable value.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
55,358
73,884
Corporation tax recoverable
19
Other debtors
2,124
8,034
57,501
81,918
Norwood Six Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
23,137
Corporation tax
33,223
Other creditors
17,690
5,830
Accruals and deferred income
3,900
3,650
44,727
42,703
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
6
Company information
Norwood Six Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Norwood Terrace, Norwood Green, Halifax, HX3 8PX.