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REGISTERED NUMBER: 06999654 (England and Wales)














Financial Statements

for the Year Ended 31 August 2023

for

N W Resources Limited

N W Resources Limited (Registered number: 06999654)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N W Resources Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: N A Whittaker





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 06999654 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

N W Resources Limited (Registered number: 06999654)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,578 27,723
31,578 27,723

CURRENT ASSETS
Stocks 110,000 8,874
Debtors 6 678,125 591,468
Cash at bank 393,992 297,446
1,182,117 897,788
CREDITORS
Amounts falling due within one year 7 794,371 485,863
NET CURRENT ASSETS 387,746 411,925
TOTAL ASSETS LESS CURRENT LIABILITIES 419,324 439,648

PROVISIONS FOR LIABILITIES 6,773 4,305
NET ASSETS 412,551 435,343

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 412,549 435,341
SHAREHOLDERS' FUNDS 412,551 435,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

N W Resources Limited (Registered number: 06999654)

Balance Sheet - continued
31 August 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 1 February 2024 and were signed by:





N A Whittaker - Director


N W Resources Limited (Registered number: 06999654)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

N W Resources 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 represents the value of goods sold during the period, net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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
Fixed assets are recognised at historical cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance


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

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.

N W Resources Limited (Registered number: 06999654)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 203,071
AMORTISATION
At 1 September 2022
and 31 August 2023 203,071
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022 17,709 64,851 82,560
Additions 9,990 1,580 11,570
At 31 August 2023 27,699 66,431 94,130
DEPRECIATION
At 1 September 2022 15,148 39,689 54,837
Charge for year 6,451 1,264 7,715
At 31 August 2023 21,599 40,953 62,552
NET BOOK VALUE
At 31 August 2023 6,100 25,478 31,578
At 31 August 2022 2,561 25,162 27,723

N W Resources Limited (Registered number: 06999654)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 563,153 423,649
Amounts owed by group undertakings 37,306 22,306
Other debtors 77,666 145,513
678,125 591,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 701,934 404,005
Taxation and social security 55,760 56,939
Other creditors 36,677 24,919
794,371 485,863

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
N A Whittaker
Balance outstanding at start of year 134,313 337,969
Amounts advanced 257,715 219,852
Amounts repaid (326,245 ) (423,508 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,783 134,313