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REGISTERED NUMBER: 04477937 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

NORTH WEST PROTOTYPES LIMITED

NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NORTH WEST PROTOTYPES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: W J Lee





REGISTERED OFFICE: The Little Mill
Palatine Street
Denton
MANCHESTER
M34 3LY





REGISTERED NUMBER: 04477937 (England and Wales)





ACCOUNTANTS: Chandley Robinson Limited
Chartered Accountants
8A Manor Close
Cheadle Hulme
CHEADLE
Cheshire
SK8 7DJ

NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 81,299 100,581
81,299 100,581

CURRENT ASSETS
Stocks 6 38,000 17,000
Debtors 7 89,188 302,840
Cash at bank and in hand 825,453 704,490
952,641 1,024,330
CREDITORS
Amounts falling due within one year 8 80,842 263,742
NET CURRENT ASSETS 871,799 760,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

953,098

861,169

PROVISIONS FOR LIABILITIES 1,850 4,420
NET ASSETS 951,248 856,749

CAPITAL AND RESERVES
Called up share capital 170 170
Retained earnings 951,078 856,579
SHAREHOLDERS' FUNDS 951,248 856,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th November 2023 and were signed by:





W J Lee - Director


NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

North West Prototypes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2002, has been amortised over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 10,000
AMORTISATION
At 1st July 2022
and 30th June 2023 10,000
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 -

NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2022
and 30th June 2023 88,723 159,570 7,118
DEPRECIATION
At 1st July 2022 15,968 133,365 6,054
Charge for year 4,436 14,105 187
At 30th June 2023 20,404 147,470 6,241
NET BOOK VALUE
At 30th June 2023 68,319 12,100 877
At 30th June 2022 72,755 26,205 1,064

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 30,565 9,437 295,413
DEPRECIATION
At 1st July 2022 30,563 8,882 194,832
Charge for year - 554 19,282
At 30th June 2023 30,563 9,436 214,114
NET BOOK VALUE
At 30th June 2023 2 1 81,299
At 30th June 2022 2 555 100,581

6. STOCKS
2023 2022
£    £   
Stocks 2,000 2,000
Work-in-progress 36,000 15,000
38,000 17,000

NORTH WEST PROTOTYPES LIMITED (REGISTERED NUMBER: 04477937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,027 241,917
Amounts owed by associates 50,900 50,900
Other debtors 6,261 10,023
89,188 302,840

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,923 56,279
Taxation and social security 65,502 191,650
Other creditors 13,417 15,813
80,842 263,742

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,000 (2022 - £43,000) were paid to the director .

At the financial year end the director's current account was £8,061 (£2022-£7,919) in credit. This balance is repayable on demand.

The company operates from premises partly owned by the director. During the year the company paid rent of £Nil (2020 - £Nil).

During the year the director received benefits in kind from the company of £4,468.

No further transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting standard for Smaller Entities




10. ULTIMATE CONTROLLING PARTY

The controlling party is W J Lee.