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REGISTERED NUMBER: 11213202 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 28 February 2023

for

NAW Reynolds Building (Marthall) Limited

NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAW Reynolds Building (Marthall) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: N A W Reynolds



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 11213202 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Barclays Bank plc

NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,268 37,707

CURRENT ASSETS
Stocks 176,014 213,514
Debtors 5 205,034 73,700
Cash at bank 9,643 1,288
390,691 288,502
CREDITORS
Amounts falling due within one year 6 378,547 280,287
NET CURRENT ASSETS 12,144 8,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,412

45,922

CREDITORS
Amounts falling due after more than one
year

7

36,250

41,731
NET ASSETS 6,162 4,191

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 6,062 4,091
SHAREHOLDERS' FUNDS 6,162 4,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





N A W Reynolds - Director


NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

NAW Reynolds Building (Marthall) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 37,743 35,731 73,474
DEPRECIATION
At 1 March 2022 21,589 14,178 35,767
Charge for year 2,994 4,445 7,439
At 28 February 2023 24,583 18,623 43,206
NET BOOK VALUE
At 28 February 2023 13,160 17,108 30,268
At 28 February 2022 16,154 21,553 37,707

NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 10,750
DEPRECIATION
At 1 March 2022 2,240
Charge for year 2,239
At 28 February 2023 4,479
NET BOOK VALUE
At 28 February 2023 6,271
At 28 February 2022 8,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,143 14,397
Other debtors 59,535 59,303
VAT 3,356 -
Prepayments and accrued income 44,000 -
205,034 73,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,560 14,993
Hire purchase contracts 1,000 4,000
Trade creditors 9,894 42,717
Tax 12,072 9,123
Social security and other taxes 72,321 54,528
VAT - 9,158
Other creditors 75 298
Directors' current accounts 197,546 106,849
Accrued expenses 71,079 38,621
378,547 280,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,000 20,000
Bank loans more 5 yr by instal 16,250 20,731
Hire purchase contracts - 1,000
36,250 41,731

NAW Reynolds Building (Marthall) Limited (Registered number: 11213202)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,250 20,731

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,000 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100